POINT MARKETS-Wall Street down sharply after US sanctions against China

        NEW YORK, Oct 8 (Reuters) - The New York Stock Exchange has finished
down 1.2% on Tuesday, affected by the pessimism of
investors on the outcome of trade negotiations between
Chinese and Americans.
    The three leading Wall Street clues have temporarily
reduces their losses as a result of Jerome's intervention
Powell, chairman of the Federal Reserve, who said
favorable to further rate cuts taking into account the risks
global economic conditions and to resume the increase in
of the Fed's balance sheet.
    But this pro-market announcement was quickly
eclipsed by the announcement of sanctions against several
members of the Chinese administration.
    The Dow Jones Index .DJI sold 313.98 points to 26,164.04.
    The S & P-500 .SPX, wider, lost 45.73 points, or
1.56%, at 2,893.06.
    The Nasdaq Composite .IXIC pulled back by 132.52
points (1.67%) to 7.823,78.

    VALUES
    Discouraging trade announcements penalize
the whole dimension and in particular the values
industrial and technological, very sensitive to this subject
sensitive.
    The Philadelphia Semiconductor Index .SOX has yielded
more than 3%. Intel, Nvidia NVDA.O and Western Digital WDC.O
have lost about 4%.
    Chinese stocks listed in New York also
suffered as Baidu BIDU.O, Alibaba BABA.N or JD.com JD.O
which yielded between 1.9% and 3.8%.
        
    INDICATORS OF THE DAY
    producer prices fell in September
contrary to expectations, which would plead for a new
rate cuts from the Federal Reserve at the end of
month.
    
    THE SESSION IN EUROPE
    European stock markets posted a sharp decline
Tuesday, affected by the pessimism of investors on the issue
upcoming trade negotiations between Chinese and
Americans.
    In Paris, the CAC 40 .FCHI ended down 1.18% in
5,456.62 points. The British FTSE Footsie lost 0.76% and
the German Dax .GDAXI sold 1.05%.
    The EuroStoxx 50 .STOXX50E index fell by 1.11%, the
FTSEurofirst 300 .FTEU3 of 0.91% and the Stoxx 600 .STOXX of
1.1%.
    
    RATE
    Increasing tensions over trade and the figure
lower than the expectations of producer prices in the United States
fuel the bank's rate cut expectations
Central American. According to the CME Group's FedWatch barometer,
the estimated probability of a rate cut at the end of October
approach of 84%.
    
    EXCHANGE
    The "dollar index" .DXY, which measures the fluctuations of the
dollar against a basket of six reference currencies, is in
slight rise but greenback yields 0.2% against yen JPY =.
    
    OIL
    Concerns over the resumption of negotiations
trade penalize the oil market where the price of the barrel
American light crude CLc1 fell 0.23% to 52.63 dollars on
barrel and that of Brent LCOc1 (0.19%) falls to 58.24 dollars.
    "The market remains focused on trade tensions and
concerns related to the demand for oil, ignoring the
geopolitical tensions in the Middle East and the decline in
OPEC production in September, "said Giovanni
Staunovo, oil industry analyst at UBS.
    
    FOLLOW Wednesday:
    Investors will follow the publication of "minutes" of
the Fed meeting in September to assess whether the institution
plans a further rate cut at the end of the month.
    They will also be attentive to information in
from Renault RENA.PA, whose president
Jean-Dominique Senard could propose to the council
to find a successor to the Director General,
Thierry Bolloré, according to Le Figaro.
    

 (Jean-Philippe Lefief for French service)