(Reuters) – The New York Stock Exchange opened up on Wednesday, investors awaiting the decision of monetary policy and the economic projections of the American Federal Reserve (Fed) expected later during the day, in a context of increasing commercial fears.
In the first exchanges, the Dow Jones index earns 103.02 points, or 0.25%, at 41,684.33 points and the Standard & Poor’s 500, wider, increased from 0.35% to 5,634.26 points.
The Nasdaq Composite takes 0.50%, or 88.17 points, at 17,592.29 points.
The Wednesday session is marked by the Fed, which must announce at 6:00 pm GMT its decision on the rates, which it should maintain unchanged in the face of the uncertainty in which the American economy is plunged while fears of trade war are intensifying.
The status quo being considered to be acquired, investors will be very attentive to the economic projections of the Central Bank, which will give an idea of ​​the way in which the impact of the decisions of US President Donald Trump envisages on economic growth, inflation and unemployment.
The president of the Fed, Jerome Powell, must speak later on Wednesday.
The operators provide that the Fed will reduce borrowing costs by at least two decreases of 25 base points by December, the first being expected in July, according to data compiled by LSEG.
“More modest inflation and concerns about growth could make a drop in rates more likely during the year,” said Klaus Baader, chief economist at Société Générale CIB.
At the values, General Mills, which has revised down its forecasts for sales and annual profits, loses 1.22%.
Venture Global advances 6.6% after Bloomberg reported that the Trump administration was ready to grant LNG producer a conditional approval to export natural gas from a installation offered in Louisiana.
(Written by Mara Vîlcu and Diana Mandiá, edited by Augustin Turpin)
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