Wall Street, betting on a trade deal, opens up

The New York Stock Exchange was opening Friday, investors hoping that ongoing negotiations between Chinese and US representatives at least result in a truce in the trade war.

Its flagship index, the Dow Jones Industrial Average, rose 1.35% to 26,855.67 points, around 13:45 GMT.

The Nasdaq, with strong technological color, gained 1.50%, to 8,069.85 points, and the expanded S & P 500 index was up 1.33% to 2,977.22 points.

Wall Street ended in the green on Thursday, already spurred by encouraging signs on the outcome of the talks: the Dow Jones rose 0.57% and the Nasdaq 0.60%.

At the end of the first day of talks, US President Donald Trump said that the United States had "very good negotiations with China."

Shortly after the opening of the meeting on Friday, he also welcomed a "warmer atmosphere" in the talks.

The tenant of the White House must receive during the day the Vice Premier of China Liu He.

"The fact that the President meets directly with the Deputy Prime Minister can be seen as a positive sign in the process of negotiations and hopes that a form of partial agreement will be possible," said analysts Deutsche Bank.

For the moment, nothing has officially filtered on the possible concrete progress.

The prospect of a "big deal" desired by Donald Trump, including the issues of forced technology transfer, intellectual property rights or non-tariff barriers, seems to move away, according to several observers.

But among the avenues mentioned in the media include the renunciation of the new tariffs that the United States must normally impose from Tuesday, an increase in purchases of agricultural products by the US, the commitment of Beijing not to let fall its motto or a relaxation of the sanctions imposed by Washington against several large Chinese companies.

The first two world economic powers have been engaged for more than a year now in a trade war waged by heavy taxes on imports.

With these tensions weighing on global economic growth and corporate earnings, investors welcome any signal of appeasement.

Multinationals particularly sensitive to Sino-US relations benefited, with Caterpillar rising by 3.85% and Apple by 1.37%.

In the bond market, the 10-year rate on the US debt rose sharply to 1.722% against 1.668% at the close on Thursday.

Nasdaq