Around 3:50 p.m., the Dow Jones grabbed 0.01%, the Nasdaq Glane 0.04%and the enlarged index S&P 500 0.06%.
The New York Stock Exchange is evolving at a level close to balance on Monday, pending new inflation figures in the United States, investors also monitoring geopolitically developments.
Around 1:50 pm GMT, the Dow Jones scraped 0.01%, the NASDAQ index gleaned 0.04%and the enlargement index S&P 500, 0.06%.
The market will evolve “in narrow forks until we get news on American inflation”, comments with AFP Art Hogan, by B. Riley Wealth Management.
The consumer price index (ICC) in the United States, which measures inflation on the consumer side, is expected on Tuesday. It will be followed by inflation on the producer side (PPI) on Thursday.
“These two indicators will have an influence on monetary policy” of the American central bank (Fed), according to analysts from briefing.com.
A very large majority of analysts believe that the Fed will reduce its rates by a quarter of percentage at the end of its next monetary policy meeting, scheduled in September, according to the CME monitoring tool.
Experts are concerned in particular of a gloom in the labor market, after a strong downward revision of job creations in the spring.
It would be necessary “an exceptional increase (of inflation, note) to dissuade the Fed from reducing its rates in September”, judges Mr. Hogan.
The federal reserve guiding rates – which guide the cost of credit and have a strong impact on the markets – remain unchanged since December, between 4.25% and 4.50%.
On the bond market, the yield of American state loans at ten years remained stable compared to Friday at the end, at 4.28%.
On the geopolitical side, market players will monitor the meeting between Donald Trump and Vladimir Putin scheduled for Friday in Alaska to discuss a possible appeasement of the conflict in Ukraine.
This war “has truly restructured commercial roads” on a global scale, notes Mr. Hogan.
“If we manage to overcome this crisis, this will lead to a considerable decline in geopolitical uncertainty (…) The markets will greet any good news on this subject,” adds the analyst.
The American place also digests the season of business results, deemed positive.
“The market has obtained more than it expected” and “companies learn to compensate (…) the costs” of the customs duties imposed by Donald Trump on the trade partners of the United States, advances Mr. Hogan.
On the table of values, the American giants of NVIDIA and Advanced Micro Devices microprocessors retreated 0.70% to 181.42 dollars and 0.87% at $ 171.25 respectively.
The two companies have agreed to pay the US government 15% of their income from the sale of fleas intended for artificial intelligence (AI) to China, a very unusual decision, reported by several media.
Nvidia is at the heart of technological rivalry between Beijing and Washington. Access of Chinese companies to its advanced “H20” chips is a major issue in commercial discussions between the two powers.
The American semiconductor and Intel processors company was gaining ground (+5.09% at 20.96 dollars) while the new boss of the group, Lip-Bu Tan, has to meet Donald Trump in the White House on Monday.
The American president called on Thursday to the “immediate” resignation of Mr. Tan, one day after a republican senator raised concerns about possible links with Chinese companies, a danger, according to him, for national security.
The American start-up specializing in remote IT (“Cloud Computing”) Coreweave shone (+6.03% at 137.36 dollars) after an upward revision of the prospects for evolution of its title from JPMorgan.
