New York (AFP)

The New York Stock Exchange opened higher on Wednesday, reassured by encouraging signals sent by the Chinese real estate developer Evergrande, on the verge of bankruptcy, and pending a communication from the American Central Bank (Fed).

Around 3:50 p.m. GMT, the Dow Jones rose 0.68% to 34,149.18 points, the Nasdaq index, with a high technological concentration, from 0.32% to 14,793.35 points, and the extended S&P index 500, from 0.47% to 4,374.67 points.

After trying a timid rebound, Wall Street ended up in disarray on Tuesday, the Dow Jones dropping 0.15% while the Nasdaq advanced 0.22%.

For Maris Ogg, president of the management company Tower Bridge Advisors, the opening up Wednesday was mainly due to the announcement of Evergrande of the repayment of a debt due on Thursday.

The real estate developer has not communicated on a second payment, also expected Thursday, and remains crushed by more than $ 300 billion in debt.

"I think a lot of people looked at the situation and felt that China could not afford a cascading scenario," with a widespread financial crisis following a possible bankruptcy of Evergrande, commented Maris Ogg.

Another sign that the market had somewhat recovered, the rate of US 10-year government bonds was stable at 1.32%.

On Wednesday, the market will be turned to the US Central Bank (Fed), which is expected to give new indications on the direction of its monetary policy after its meeting.

Most analysts are not waiting for a firm announcement on Wednesday and instead rely on the November meeting to know the date on which the institution will slow its purchases of debt, public and private, to support the US economy.

“Whether they start in November, December or January, it doesn't matter” for the market, said Maris Ogg.

For her, after the formal announcement of the Fed and the results of the third quarter, arguably less good, on the whole, than those of the second quarter, "the market will undoubtedly look beyond and realize that 2022 will be one hell of a happy new year.

Among the values ​​which animated the quotation Wednesday, the group of delivery of mail and parcels FedEx was sanctioned (-8.32% to 231.09 dollars) after the publication, Tuesday after market, of a quarterly net profit lower than expectations.

FedEx attributed this disappointment, in part, to higher personnel costs, linked to its inability to meet its labor needs, which forced it to pay more overtime.

The group has also revised downwards its profit forecasts for the whole of its postponed fiscal year 2021/22 (from June to May).

Its competitor UPS was dragged into the turmoil and dropped 1.68% to 186.54 dollars.

The asset manager BlackRock regained a little color (+ 1.12% to 854.70 dollars) after having dropped more than 7% in one week.

The US financial management firm is among the largest holders of dollar-denominated debt of Chinese real estate developer Evergrande.

The vehicle rental platform with drivers (VTC) Uber still benefited (+ 4.53% to 46.37 dollars) of the announcement, Tuesday, of a possible operating profit in the third quarter, the first of the history of the group.

© 2021 AFP