(Reuters) – The New York Stock Exchange opened on a stable note on Monday, investors having their eyes riveted on the ongoing negotiations in London between the United States and China in the hope that they will make it possible to appease the trade tensions that have disrupted the financial markets since last April.

In the first exchanges, the Dow Jones index earns 20.87 points, or 0.05% to 42,783.74 points and the Standard & Poor’s 500, wider, increased from 0.12% to 6.007.76 points.

The Nasdaq Composite takes 0.21%, or 41.60 points, at 19,571.56 points.

High American and Chinese officials began discussions in the British capital on Monday aimed at defusing trade tensions that have been in recent weeks beyond customs duties to also include export controls of essential goods such as rare or semiconductors.

The two powers had concluded a 90-day commercial truce on May 12 in Geneva after having carried some of their reciprocal customs rights beyond 100%, but tensions recently rekindled after Washington accused Beijing of having violated the agreement, in particular with regard to rare earth exports, whose production is dominated by China.

“The objective of today’s meeting is to ensure that they (China) are serious, but also to literally shake hands,” said the White House economic advisor Kevin Hassett on Monday during an interview with the CNBC channel.

The hope of new trade agreements, as well as data published on Friday showing a larger job creation than scheduled in May, maintain hope for the American economy after a brutal start of quarter for actions in the wake of the announcements of surcharge on the part of Washington in early April.

Proof that optimism is spreading, the American bank Citigroup now estimates that a drop in interest rates of the Federal Reserve (Fed) will take place in September rather than July and provides three reductions during the year against four before.

Traders expect the central bank to leave its rates unchanged at its meeting next week.

To values, Tesla fell by 3.9%, Baird having demoted her recommendation on the values ​​to “neutral” against “outperformance”. President Donald Trump also said on Saturday that there would be “serious consequences” if Elon Musk, the general manager of the automaker, were to finance democrats.

Qualcomm, the American semiconductor manufacturer, is advancing 3%, while he agreed to acquire the British group Alphawave for around 2.4 billion dollars.

Robinhood Markets fell 6.7% after the S&P 500 decision not to change the list of its constituents, contrary to the expectations of certain analysts who expected the online broker to be integrated into the US flagship stock index.

Warner Bros Discovery, which announced its split on two distinct companies on Monday, wins 11%.

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(Written by Diana Mandiá, edited by Kate Entringer)

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