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Wall Street almost stable before a break of three days

The New York stock Exchange has finished close to the balance this Friday before a long weekend in the United States, in a market concerned about the escalation of geopolitical tensions between China and the United States.

read also : Covid-19: the world health Organization caught between the United States and China

the index feature, the Dow Jones Industrial Average has yielded 0.04% 24.465,16 points. The Nasdaq, in high coloring technology, has taken up 0.43% at 9.324,59 points. The expanded index S&P 500 took another 0.24% to 2.955,45 points. Throughout the week, the Dow Jones climbed 3.3%, the Nasdaq 3.4% and the S&P 500 by 3.2%, their weekly earnings are the most important since April. The place in new york was closed on Friday its doors for three days, Monday is a public holiday in the United States. Wall Street will re-open Tuesday morning.

market players have closely followed the latest developments between the United States and China. Already tense about the coronavirus, the relations between the two countries got worse after a proposed chinese law on Friday to enable the central government to apply a law "on national security" in Hong Kong. The United States has accused China of wanting to wear a "fatal blow" to the autonomy of the former british colony, threatening trade retaliation on this new front.

"Don't listen to the geopolitical to find a direction"

For Gregori Volokhine of Meeschaert Financial Services, these tensions threaten not, however, the balance of the Award. "The markets have learned a big lesson for years: not listening to the geopolitical to find a direction", noted the expert. "If the commercial relationship between the United States and China escalated, this would really have a weight on the index," he adds, noting that this was currently not the case.

Beijing has repeated several times that it did not intend to call into question its commitments within the trade agreement preliminary signed in January with Washington. China, which has declined to give a growth target for 2020, is aware that she is not in a position of strength, point out several analysts.

on the side of The United States, "Donald Trump knows that harden the tone for the level of trade would have negative effects for the u.s. economy and for the markets," says Gregori Volokhine. The us president had made the good economic health of the country the main argument of his re-election campaign prior to the crisis linked to the sars coronavirus.

", But it may harden tone on Hong Kong or on relations with Taiwan and do not pose a risk on the commercial relations and the market indices," says Gregori Volokhine. On the bond market, the rate on 10-year u.s. debt declined a bit, reaching 0,6591% against 0,6720% on Thursday evening.

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