The Dow Jones index gained 181.97 points, or 0.7%, at 26,346.01.
The broader S & P-500 gained 26.43 points, or 0.91%, at 2,919.49. The Nasdaq Composite rose 79.96 points, or 1.02%, to 7,903.74.
Senior US and Chinese officials are scheduled to meet in Washington on Thursday and Friday for a new round of negotiations on trade between the world's two largest economies.
According to the Bloomberg news agency, China remains willing to conclude a partial trade deal with the United States despite recent sanctions by Washington against several Chinese companies. For its part, the Financial Times writes that Beijing has proposed to increase its purchases of US agricultural products.
This information is hoping to avoid a new blockage that could result as early as October 15 on the raising of US tariffs on $ 250 billion of products imported from China.
In terms of values, techs supported the trend, with Microsoft accounting for 1.89%, Apple + 1.17%. The semiconductor-related companies index, which is particularly exposed to China, finished up 1.74%.
On the downside, Johnson & Johnson dropped 1.98% after being convicted of paying $ 8 billion to a plaintiff for failing to warn young men using his Risperdal antipsychotic that he was likely to grow breasts.
THE SESSION IN EUROPE
European stock markets ended up higher thanks to renewed hope that the United States and China reach a deal, even partial, on their trade, which at least temporarily reduces the tension in the markets.
In Paris, the CAC 40 posted an increase of 0.78% (42.52 points) to 5,499.14 points. In London, the FTSE 100 gained 0.33% and in Frankfurt, the Dax rose 1.04%.
The EuroStoxx 50 index took 0.85%, the FTSEurofirst 300 0.44% and the Stoxx 600 0.42%.
In Europe, the sectors most exposed to trade tensions drew the trend: the Stoxx index of high technologies gained 1.37%, that of the automobile 1.02%. Daimler (+ 1.94%) and ASML (+ 1.63%) are among the best performances of the EuroStoxx 50 on the day.
RATE
The yield on ten-year Treasuries, at 1.5802%, took nearly four points, while that of two-year paper advanced by 3 points to 1.4596%.
EXCHANGE
The hope of a compromise between China and the United States allowed the dollar to gain ground against the yen (+ 0.38%) even if the greenback remained stable (-0.01%).
The euro rose against the dollar to $ 1.09.
OIL
Oil prices ended on a stable note Wednesday on the New York Nymex market. The November contract on US light crude (West Texas Intermediate, WTI) sold 4 cents, or 0.08%, to 52.59 dollars per barrel.
Brent for December took 8 cents (0.14%) to 52 = $ 8.32.
Nicolas Delame for French service
Source link
https://fr.reuters.com/article/businessNews/idFRKBN1WO2NO-OFRBS
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