▸ Oracle’s bumper earn­ings push Wall Street bench­marks to all-time peaks

▸ Investors snap up US Treas­ur­ies but dol­lar slips against bas­ket of rivals

▸ French stocks and gov­ern­ment bond prices rise slightly after PM appoin­ted

Wall Street rose to fresh record highs yes­ter­day after soft­ware com­pany Oracle announced bumper earn­ings driven by demand for arti­fi­cial intel­li­gence.

The blue-chip S&P 500 index rose as much as 0.7 per cent by mid­day in New York while the tech-heavy Nas­daq Com­pos­ite index climbed 0.5 per cent, tak­ing both indices to record peaks.

Oracle's share price was 42 per cent higher after the cloud com­put­ing group's book­ings punched through investor expect­a­tions in earn­ings announced after the mar­ket closed on Tues­day.

Chris Turner, global head of mar­kets research at ING, said the res­ults “sup­por­ted the hype in AI invest­ment”.

Wall Street stocks were also buoyed by soft infla­tion data, which added to traders' con­vic­tions that the US Fed­eral Reserve will cut interest rates next week.