PARIS (Reuters) – The New York Stock Exchange opened on Thursday, the concerns related to American customs duties being again in the foreground while investors digest the announcements of the federal reserve which warned against an uncertain economic context.
In the first exchanges, the Dow Jones index loses 248.45 points, or 0.59%, at 41,716.18 points. The Standard & Poor’s 500, wider drops by 40.43 points, or 0.71%, to 5,634.86 points. The Nasdaq Composite gives in 166.33 points, or 0.94%, to 17,584.46 points.
A sign of feverishness, the VIX index of volatility to Wall Street starts upwards, taking more than 4%, above the 20 points.
The price of gold, active refuge, reached a record, at $ 3057.21 per ounce.
Investors fear that the aggressive position of President Donald Trump in terms of commercial policy fuels inflation, while changing the economy in recession, thus disturbing the cycle of American reserve reserve.
The Fed maintained on Wednesday unchanged the rate of “Fed funds” rate, but its president, Jerome Powell, said that the Central Bank would expect more clarification on the impacts of Donald Trump’s policy. The bank has also revised upwards its inflation forecasts for this year and at the same time lowered its economic growth prospects for 2025.
“The Fed remains very concerned about the impact of customs duties on inflation,” said Achilleas Georgolopoulos, analyst in the XM broker.
“Stagflation comes to mind-a combination of weak growth and high inflation-something that the United States has not known for a long time, since the early 1980s,” he added.
In values, growth groups like NVIDIA (+1.04%) and META (+0.76%) benefit from cheap purchases and the decline in American bond yields, the ten years falling from 6.5 basic points to 4.1892%.
Accenture dives 10% after indicating Thursday that Trump administration initiatives to reduce federal spending led to delays and cancellations of new contracts.
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(Written by Claude Chendjou, edited by Blandine Hénault)
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