(Reuters) – The New York Stock Exchange opened up on Monday while investors are evaluating the possibilities of a trade agreement between the United States and the European Union.
In the first exchanges, the Dow Jones index earns 87.11 points, or 0.20%, at 44,429.30 points and the Standard & Poor’s 500, wider, increased from 0.23% to 6,311.29 points.
The Nasdaq Composite takes 0.35%, or 72.29 points, at 20,967.94 points.
This Monday, tensions on the commercial front remain on the market menu.
For the European Union (EU), the pressure increases as August 1 approaches on August 1, when customs duties of 30% on imports of the block in the United States must come into force. In addition, Friday evening, Financial Times reported that the Trump administration was considering customs duties between 15% and 20% on European imports, even in the event of a trade agreement.
In addition, the American administration attaches more importance to the quality of the commercial agreements concluded than their calendar, the US Secretary of the Treasury said on Monday, Scott Bessent. The prospect of the taxation of customs duties higher on August 1 “will put more pressure” on the countries concerned “so that they reach better agreements”, according to him.
In addition to trade tensions, the news is calm in terms of data. This week, the markets are preparing for a series of important results of large technological companies, including Alphabet, Tesla and IBM.
The comments of the President of the American Federal Reserve (Fed), Jerome Powell, on Tuesday, will be closely followed in order to find indications on the orientation of the monetary policy of the Central Bank. In addition, Thursday, the European Central Bank (ECB) should opt for the status quo and leave its rates unchanged after eight consecutive drops.
At the values, Sarepta Therapeutics fell 6.43% after refusing to comply with the demand of the American regulatory authorities to voluntarily suspend the deliveries of its Elevidys gene treatment.
Verizon advances 3.45% after raising the low range of its annual profits.
Domino’s Pizza earns 5.16% after having exceeded analysts’ forecasts for its sales at the United States on Monday in the second quarter.
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(Written by Mara Vîlcu, edited by Augustin Turpin)
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