Wall Street and European markets rise as oil prices ease

boursorama.com (French)

Wall Street is expected to open higher and European markets are trading up Tuesday, supported by falling oil prices and a rebound in technology stocks. This follows a selloff in the sector and ahead of Nvidia's earnings and a key US inflation indicator. Oil prices declined despite Middle East tensions, with Brent falling 2.92% to $89.48 and WTI dropping 2.92% to $82.53, both below the $90 mark. Treasury yields eased after reports the US could buy back long-term debt, while tech shares recovered ahead of Nvidia's results Wednesday. The PCE price index, a key inflation gauge, will be released Wednesday, with recent data moderating expectations for a Fed rate hike in September. Bitcoin surpassed $80,000 for the first time since mid-May, while gold fell 0.6% to $4,624 an ounce.


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