(Paris) Global stock markets rose slightly on Wednesday, supported by an easing in bond interest rates, while the NASDAQ was euphoric ahead of Nvidia’s results.

The European stock market ended up slightly. Paris gained 0.08%, Frankfurt 0.15%, Milan 0.24%, and London gained 0.68%.

Wall Street was more positively green. By 11:50 a.m. EST, the Dow Jones was up 0.43%, the S

“Expectations are high” and investors are hoping for a “further increase in Nvidia’s forecasts”, warns Nicolas Lasry, equity manager of Meeschaert AM.

The biggest moves are taking place in the bond market, with a sharp decline in government bond interest rates on both sides of the Atlantic, amplifying Tuesday’s trend.

The interest rate on the German 10-year bond fell to 2.52%, from 2.64% at the last close. This is its lowest level since August 10.

The US interest rate was hovering around 4.21%, down from 4.33% on Tuesday.

They react to the publication of leading indicators on activity.

In the eurozone, the downturn in private sector activity deepened in August, with weak manufacturing now spilling over to service firms amid continued weaker demand, the index shows. Flash PMI released by S

“This was not seen as negative” as these figures show central bank rate hikes “beginning to have the desired effect, as service sector activity slowed more than expected in August.” “, underlines Michael Hewson, analyst of CMC Markets. “It could also mean that we could see the European Central Bank take a break” from its rate hikes in September.

The Bank of England could also change its tone after the publication of a contraction in private sector activity in the United Kingdom. In response, the pound was down 0.16% against the greenback, at $1.2711 to the pound around 11:45 a.m. EST.

In the United States, growth in private sector activity slowed in August, more than expected by analysts.

Investors are also awaiting the meeting of central bankers in Jackson Hole (United States), which begins on Thursday.

The American sports shoe distributor Foot Locker published on Wednesday a 9.9% drop in sales in the second quarter over one year and lowered its financial forecast for the year 2023. The chain also suspended the payment of a quarterly dividend.

Management pointed the finger at a “price sensitive” consumer. This announcement “raises fears about the consumer environment in the United States”, underlines Nicolas Lasry, of Meeschaert AM.

Foot Locker fell 33.66% on Wall Street and took its competitors in its wake: Nike fell 3.77% in New York, in Frankfurt Puma lost 3.75% and Adidas 3.30%, in London JD Sports Fashion lost 5.40%.

Oil prices suffered from lackluster economic data, but limited their decline after the release of a stronger than expected decline in US inventories.

Around 11:45 a.m. (Eastern time) a barrel of Brent for October delivery fell 0.82% to 83.34 dollars. Its American equivalent, the barrel of West Texas Intermediate (WTI) for delivery the same month, of which it is the first day of use as a benchmark contract, dropped 0.65% to 79.08 dollars.

The euro climbed 0.11% to 1.0858 dollars per euro.

The price of European gas relaxed (-14.78% to 36.56 euros per megawatt hour) after reaching a two-month high on Tuesday, close to 45 euros, pushed by growing fears that a strike in Australia could disrupt the country’s liquefied natural gas supply.

Bitcoin rose 1.12% to $26,145.