PARIS (Reuters) – The New York Stock Exchange opened Wednesday without much change, investors being waiting for details on the application of customs duties desired by the American president, Donald Trump.
In the first exchanges, the Dow Jones index earns 80.79 points, or 0.19%, at 42,668.29 points.
Standard & Poor’s 500, wider, drops by 3.64 points, or 0.06%, to 5,773.01 points.
The Nasdaq Composite gives in 60.08 points, or 0.33%, to 18,211.78 points.
After two gains sessions linked to the prospect of a possible softening of Donald Trump’s position on reciprocal customs duties which must come into force on April 2, investors are now cautious in the absence of details on countries likely to benefit from an exemption from these surcharges.
“The market is expectant with regard to announcements on customs prices,” said in a note Mohit Kumar, an economist at Jefferies.
The uncertainty about the evolution of the American economy, with in particular a deterioration this month of consumer confidence, also limits risk taking. Analysts also emphasize that investment banks are ready to remove more jobs due to the deterioration of perspectives.
The president of the Fed of Chicago, Austan Goolsbee, said in an interview published Wednesday by the Financial Times, that it may be more time than initially planned to lower the levels of the American central bank, in a context of economic uncertainty.
Two other Fed officials, Neel Kashkari and Alberto Musalem, must express themselves during the day.
Barclays also lowered its objective for the S&P 500 index on Wednesday, believing that it should reach 5,900 points by the end of the year against 6,600 before, due to the uncertainty linked to the policy of Donald Trump.
In values, growth groups like Google (-1.06%), Microsoft (-0.20%) or Nvidia (-2.03%) are withdrawn, while the yield of US Treasury bills at ten years, taking 4.2 base points, at 4.348%.
Dollar Tree abandons 1.20%. The low -cost store chain announced on Wednesday that a consortium of private investors would buy Family Dollar for about a billion dollars, after almost a year on the lookout for potential buyers for this subsidiary.
Gamescop jumped 12.68% following the approval of the Board of Directors to integrate Bitcoin as a cash reserve asset.
(Written by Claude Chendjou, edited by Kate Entringer)
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