(Reuters) – The New York Stock Exchange opened slightly on Monday, on the eve of a two -day meeting of the American Federal Reserve (Fed) which could decide on a first drop in interest rates this year.
In the first exchanges, the Dow Jones index earns 104.66 points, or 0.23%, at 45,938.88 points and the Standard & Poor’s 500, wider, increased 0.36% to 6.607.93 points.
The Nasdaq Composite takes 0.47%, or 103.73 points, at 22,244.83 points.
The FED monetary policy decision, scheduled for Wednesday, is at the center of market attention this week, the American central bank to end the status quo in place since the beginning of 2025 and finally announce a drop in its interest rates, motivated by the cooling of the labor market.
While investors are broadly bet on a drop in rates of 25 basis on Wednesday, the question is rather to know how many additional discounts they can expect in the coming months.
“We do not think that Jerome Powell (the president of the Fed, editor’s note) will be more accommodating this week this week than the current market suggests … But the risk is that he emphasizes the risks of inflation and the uncertainty surrounding the impact of customs duties, which would temperate market expectations as for a too accommodating Fed,” said Mohit Kumar Jefferies.
The report on retail sales, whose publication is expected on Tuesday, should provide key information on consumer health in the largest economy in the world, after inflation slightly higher than expectations in August.
At the values, Tesla climbs 7% while its managing director, Elon Musk said he bought 2.57 million shares from the automaker on September 12.
The fallout from many commercial conflicts between the United States and China, which met for a second day of talks Tuesday in Madrid, are reacting certain values ​​on Monday.
NVIDIA is falling by 1.5% after the Chinese Competition Authority said on Monday that a preliminary survey had concluded that the American electronic chip giant had broken the country’s anti-monopoly law.
Snap lost 1.9%, US Treasury Secretary Scott Bessent, having announced a framework agreement with Beijing concerning the Chinese application Tiktok in the United States.
(Written by Diana Mandiá, edited by Blandine Hénault)
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