New York (AFP)

The New York Stock Exchange ended in a disorganized order Wednesday after an eventful start to the session, the rise in rates on the bond market somewhat alleviating the fears of a sharp slowdown in growth.

Its leading index, the Dow Jones Industrial Average, dropped 0.09% to finish at 26,007.00 points, after dropping 2.3% at the opening.

On the other hand, the Nasdaq, with its strong technological color, edged up by 0.38% to close at 7.862.83 points and the broad S & P 500 index by 0.08% to stand at 2.883.98 points.

Investors were a little panicked early in the session against the sudden tumble of interest rates on the bond markets.

In the United States, the 10-year US debt benchmark rate fell below 1.6% for the first time since 2016, while the 30-year benchmark moved to its lowest level ever. .

In Europe, Germany's 10-year borrowing rate, the Bund, has even fallen further into negative territory, to the floor of -0.6133%, which means that the investor who will keep this title until the end will lose money.

The simultaneous decisions of the central banks of New Zealand, India and Thailand to lower their benchmark rates more than expected have rekindled fears of global growth stalling as a result of trade and currency tensions.

"This has prompted investors to say to themselves, oh my God, these central banks need to know something, the world economy must be worse than we thought," said Karl Haeling of LBBW.

Added to this was a disappointing indicator of industrial production in Germany, "which reminded investors that economic growth in several parts of the world remains under threat as long as the trade dispute between the United States and China continues" said Sam Stovall of CFRA.

They therefore rushed to assets considered safer like bonds, increasing their value and lowering their yield.

Another safe haven for market players, the ounce of gold crossed Wednesday the $ 1,500 mark for the first time since 2013.

But for no particular reason, US rates rallied during trading on Wednesday.

"This stabilization has appeased investors and contributed to the recovery of indices on the stock market," said Peter Cardillo of Spartan Capital Securities.

"The fact that we close close to balance may mean that investors will in the future be a little less sensitive to the decline in bond yields."

© 2019 AFP