New York (AFP)

Wall Street moved up slightly Thursday, driven by the rise in rates on the US bond market started the day before the end of the session.

Its leading index, the Dow Jones Industrial Average, gained 0.52%, at 26,142.58 points around 14:00 GMT.

The Nasdaq, with strong technological color, gained 0.94%, at 7,936.96 points, and the broad index S & P 500 0.78%, at 2,906.52 points.

The New York Stock Exchange closed on Wednesday after a day marked by the fall and then the recovery, rates on US debt: the Dow Jones had yielded 0.09% and the Nasdaq had appreciated 0.38%.

Thursday, the reference rate on the bond market, the one on the US 10-year debt, was 1.7584% after falling below the 1.6% the day before in session, a first since 2016 .

The one on the 30-year debt also went back to 2.2844%.

Analysts, however, were cautious about the rise in these rates (and the decline in bond yields) while trade tensions between the United States and China, the world's two largest economies, remain alive.

"Market players are making the connection between the persistence and escalation of the Sino-US trade war and the drop in bond yields, anticipating that the global economy will quickly curb," said Art Hogan, National Holdings.

"The central banks around the world want to take the lead in the face of this slowdown, many have lowered their key rates and others seem ready to do so soon," added the expert.

On Thursday, the central bank of the Philippines cut its key rates by 25 basis points (a quarter of a percentage point) to 4.25%.

Wednesday, India, New Zealand and Thailand had, against all odds, also announced decreases in the rent of money.

The lowering of the rates of the three central banks had been put forward on Wednesday by US President Donald Trump, in yet another series of tweets criticizing the position of the Federal Reserve (Fed) on rates, he considers too timid .

The Fed, however, lowered its rates by a quarter of a percentage point for the first time in 11 years on July 31.

The European Central Bank (ECB) has paved the way for a series of anti-crisis remedies for the return of one or more rate cuts to a possible resumption of its debt buybacks.

Central bank interest rate cuts are intended to stimulate the use of credit by households and businesses, making it more affordable.

They are often a sign of uncertainty about the health of global growth.

© 2019 AFP