Beauqueen Warm Cozy Student Parent Winter Warm Ankle Boots Flat Heel Cozy Comfortable Shoes Zip-up Non-slip Shoes Parent B078NBMF9B 6a8e542 - salonsevendallas.com

Asia shares rally as Wall St bounce relieves
Visitors look at a stock quotation board at Tokyo Stock Exchange, October 11, 2018. — Reuters pic
Visitors look at a stock quotation board at Tokyo Stock Exchange, October 11, 2018. — Reuters pic

SYDNEY, Oct 17 — Asian got some much needed relief today after upbeat US earnings reports drove a rebound on and helped restore a little confidence in emerging market stocks and currencies.

Japan’s Nikkei leaped out of the gates with an early rise of 1.3 per cent, but still has a long way to go to recoup the past week’s losses.

MSCI’s broadest index of Asia- shares outside Japan added 0.5 per cent and South Korea 1.5 per cent.

had jumped more than 2 per cent yesterday in reaction to upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs.



“Analysts are looking at this reporting season in particular and the general data over the next couple of months for signs that the receding tailwinds of fiscal stimulus and the headwinds of tariffs are going to hit the US market simultaneously,” said Rakuten Securities Australia COO, Nick Twidale.

“On first viewing this doesn’t appear to be happening.”

On Wall Street, the three major indexes tallied their biggest one-day percentage gains since March. The Dow jumped 2.17 per cent, while the S&P 500 climbed 2.15 per cent and the Nasdaq 2.89 per cent.

Netflix Inc shot 12 per cent higher after the close as its results far outstripped market expectations with 7 million streaming customers added.

The blockbuster outcome sent shares of Alphabet Inc, Facebook Inc and Amazon.com Inc up about 1 per cent in extended trade.

The four make up the so-called FAANG group of high-growth companies that in recent months has lost some of its momentum following market-leading gains in recent years.

The US economic news was also robust, notably a sharp rise in job openings to a fresh all-time high.

My biggest threat



All this cheer favoured beaten-down currencies in emerging markets while taking some steam out of the safe-haven yen. The MSCI Emerging Market Currency Index rose for a third straight session.

The latest survey of global fund managers by BofA Merrill Lynch found they saw emerging market currencies as the most undervalued ever against the .

The dollar itself was up on the yen at 112.31 but flat on the euro at US$1.1578. Against a basket of currencies, the US dollar idled at 95.080 having touched a two-week trough overnight.

Not helping the US dollar was fresh criticism of the Federal Reserve from US President Donald Trump, who told Fox Business Network: “My biggest threat is the Fed.”

Beauqueen Warm Cozy Student Parent Winter Warm Ankle Boots Flat Heel Cozy Comfortable Shoes Zip-up Non-slip Shoes Parent B078NBMF9B 6a8e542

Trump has recently castigated the for raising interest rates.

“While such name calling shouldn’t mean anything in terms of what the Fed actually does, it is a factor which somewhat undermines sentiment towards the dollar,” said Ray Attrill, head of FX strategy at NAB.

“It’s a contributory factor, albeit minor, to recent poor performance of the US dollar.”

In commodity markets, held near recent 11-week highs at US$1,225.64 (RM5,091.42).



Oil prices firmed as expectations of higher US shale output vied with the risk that crude supply from the Middle East could be disrupted by looming US sanctions on Iran and growing tensions with top exporter Saudi Arabia.

Saudi Arabia has been under pressure since prominent Saudi journalist Jamal Khashoggi disappeared after visiting the Saudi consulate in Istanbul.

US crude rose 35 cents to US$72.27, while crude climbed 33 cents to US$81.74 a barrel. — Reuters

Source: The Malay Mail Online

Post Views: 6





Leave a Reply Cancel Reply

Your email address will not be published. Required fields are marked as *

Havaianas Hav Origine Flatform Fashion Shoes Parent B07B3S6KJDNIKE Womens Free Run+ 3 Running Trainers 510643 Sneakers Shoes Parent B07HM88WQ5TEN POINTS Women's Trainers gold Gold Parent B06XDTT1KF , RTRY Women'S Heels Comfort Pu Summer Dress Bowknot Stiletto Heel Light Gray Blushing Pink Ruby Black 2In-2 3/4In Parent B0752P1BQ4BalaMasa Womens Travel Solid Walking-Shoes Leather Walking Shoes APL10969 Parent B07H4W1XVH , Men's/Women's Nike Elemental Backpack Parent B00GJO2VSK Adequate supply and timely delivery Skilled manufacturing Seasonal hot saleGiuseppe Zanotti Design Women's RS7006001-MC Pink Leather Slip On Sneakers Parent B079G5X2VQ , NIKE Women's AF1 Upstep Hi SI Basketball Shoes (7) Parent B0059EQSRG , Dsquared2 Women's SNW002098400001M084 Black Leather Sneakers Parent B07HGGRKR4Gentlemen/Ladies LONGO Women's Trainers Parent B07GTX7HWG main category Modern design Cheap orderNIKE Women's AF1 Upstep HI SI Basketball Shoes (8) Parent B06Y5C8QHS , Gentlemen/Ladies Converse 560970C Sneakers Women Parent B079M3W938 sell Orders are welcome Very practical , Phoenix Ladies Wellington Green Size 7 Parent B01N7RAA7W , Nike Womens Blazer Low LE Trainers AA3961 Sneakers Shoes (UK 6 US 8.5 EU 40, White Metallic Bronze 102) Parent B075PC9GV2 , Guess FLFAY2 ESU03 Sandals Women Parent B06Y6GTYKKadidas Originals Women's Adilette W Sneaker, core Black, Supplier Colour, 11 M US Parent B075R869L5adidas Originals Women's Adilette W Sneaker, core Black, Supplier Colour, 9 M US Parent B075R7W4JW , adidas Originals Women's Adilette W Sneaker, core Black, Supplier Colour, 6 M US Parent B075R8JPZHadidas Originals Women's Adilette W Sneaker, core Black, Supplier Colour, 5 M US Parent B075R8JH45adidas Originals Women's Adilette W Sneaker, core Black, Supplier Colour, 10 M US Parent B075R8PGPBadidas Originals Women's Adilette W Sneaker, core Black, Supplier Colour, 8 M US Parent B075R8KBB5Dolce Vita Women's Adalea Slide Sandal Parent B0784HHTP2adidas Originals Women's Adilette W Sneaker, core Black, Supplier Colour, 7 M US Parent B075R8PGPDGISÉL MOIRÉ Women's Trainers White Bianco Parent B07C4V1LM3 , RTRY Women'S Heels Comfort Pu Spring Summer Casual Blushing Pink Black White 5In &Amp; Over Parent B074SHSC1X , Man's/Woman's Ash Women’s As-Detox Sneaker Parent B0719WSNWL High-quality Quality First Suitable for colorMan's/Woman's Leather Crown Shoes Parent B01CQTEE1I the most convenient discount price Selling new products , Giuseppe Zanotti Design Women's RW80010001 Black Leather Sneakers Parent B07HB3C88W , Qianliuk Women Sport Shoes Breathable Spring Summer Women Running Shoes Parent B07H3486NM ,

Time limit is exhausted. Please reload CAPTCHA.

Beauqueen Warm Cozy Student Parent Winter Warm Ankle Boots Flat Heel Cozy Comfortable Shoes Zip-up Non-slip Shoes Parent B078NBMF9B 6a8e542 - salonsevendallas.com