(News Bulletin 247) – US equity markets opened on a positive note on Wednesday pending the publication in the evening of Nvidia’s results, which investors hope are solid.

At the end of the morning, the Dow Jones advanced 0.4% to 34,418.2 points, while the Nasdaq Composite climbed 1.4% to 13,696.8 points.

Investors are optimistic about the results to be published this evening after the close of processor designer Nvidia, the last of the technology giants to publish its quarterly accounts.

The graphics chip manufacturer wins more than 2% pending the publication of these figures, which should also be an opportunity to share the still favorable outlook in artificial intelligence.

The entire technology sector (+1.8%) is well oriented, in particular GAFAMs such as Alphabet (+3%) and Meta (+2.3%) and semiconductor manufacturers, including Intel (+2, 9%), which supports the general trend.

Equities are also finding another support factor in the decline in bond yields.

On the sovereign debt front, the yield on 10-year Treasuries fell dramatically, to 4.22% after rising above 4.36% yesterday, a 16-year high.

The ten-year German benchmark for the euro zone also lost ground, at 2.52%, due to fears surrounding an entry into recession in the euro zone by the end of the year.

In the United States, the private sector saw its growth decelerate in August, according to S&P Global whose composite PMI index stood at 50.4 in flash estimate this month, against 52 in July.

On the real estate side, sales of new homes rose 4.4% in July, in line with expectations, suggesting a continuation of the favorable trajectory on which the market has been evolving for almost a year.

On the oil market, the barrel of light crude Texas WTI continues its consolidation and yields 0.7% to 79.1 dollars despite the announcement of a new weekly decline in crude oil inventories.

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