Wall Street is set to open higher on Tuesday morning, boosted by Morgan Stanley's good results, which are overshadowing concerns about the sharp rise in bond yields.

Half an hour before the opening, futures contracts on the main US indices were up by between 0.1% and 0.6%, suggesting a timid rebound from the previous day's losses.

The New York Stock Exchange had lost ground yesterday, precisely because of strong pressure on US long-term rates, a phenomenon often seen as a harbinger of a coming stock market correction.

The yield on 10-year Treasuries, a barometer of market sentiment on the health of the US economy, eased slightly to 4.63% this morning, but remained close to its almost five-month peak of over 4.65% reached the previous day.

Morgan Stanley's better-than-expected results have given investors renewed optimism about the health of US companies, and should help sustain the initial trend.

The firm announced first-quarter earnings well above consensus on Wednesday, resulting in particular from the good health of its investment banking division, led by IPO.

In pre-market trading, the stock gained more than 3% following this publication.

Bank of America - whose quarterly performance was more mixed - advanced by around 0.5% in electronic trading.

Johnson & Johnson is also expected to decline slightly in the wake of an unsurprising quarterly publication, which was accompanied by an increase in the quarterly dividend.

Earnings season should continue to occupy investors' minds for the rest of the week, with the accounts of ASML and Netflix due in the next few days.

On the indicators front, housing starts and building permits fell again, lending credence to the scenario of a real estate market still under pressure from high interest rates.

The Commerce Department reported a 14.7% plunge in housing starts last month, following a 12.7% jump in February.

Building permits - which are supposed to predict future housing starts - fell by 4.3%.

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