Puma Women's Kylie 189866. Trainers Jenner Core Fierce Kurim High Top Khaki Trainers Khaki Plum 189866. Parent B074V6ZM4Y d5e3dcd - 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.”

Puma Women's Kylie 189866. Trainers Jenner Core Fierce Kurim High Top Khaki Trainers Khaki Plum 189866. Parent B074V6ZM4Y d5e3dcd

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 *

Asics Women’s Gel-Lyte V Low-Top Sneakers Parent B0772DPHPTMolly Bracken Women’s Ballerine Bout Pointu Ballet Flats Parent B01LX384MW , BTBTAV Cool Sandals Women'S Flat Bottomed Beach Shoes Fashionable Slippers Soft Bottom And Skid Proof.UK 5 Beige Parent B07DLSR9P5 , adidas Superstar 80s W Women's Trainers Shoes Parent B01FXL35Y8Women Fall Mesh Sneaker,Soft Bottom Casual Mother Shoes,Breathable Walking Shoes,Large Size Shallow Mouth Single... Parent B07FN712M7 , Rieker Women’s M7924 Trainers, White, 5 UK Parent B075CBY4RQ , Reebok Women’'s Classic Leather Hardware Trainers Parent B078H4J3ZJCole Haan Women’s Studiogrand Pack and Go Sneaker Parent B073VF29JDAsics Womens Gel-Kenun MX SP Shoes Parent B077CFXKW4NIKE Womens Women's Air Force 1 Upstep PRM Summit White 917590-900 Parent B07C4JVPW8Women's Shoes NAN PU Summer Comfortable White Shoes Thick Bottom Black White (Color : Black, Size : EU37/UK4.5... Parent B07BWGQYS7Le Coq Sportif Women’s Charline Metallic Suede Bass Trainers, Dress Blue Parent B06XGGQX8DGentlemen/Ladies DKNY Women’s Trainers Parent B07H8G5LGQ The color is very eye-catching First quality Popular recommendationadidas Unisex Adults' X PLR J 878 Trainers Parent B072R181LJ , Onitsuka Tiger Temp-Racer, Unisex-Adults' Trainers Parent B00TOGZOZ2Gentlemen/Ladies Skechers Women’s 73630 Trainers Parent B076V96YPL Practical and economical Carefully selected materials retail priceadidas Unisex Kids' X_PLR J Fitness Shoes Parent B072R1WP8KXIAOGEGE Flip flops, summer slippers, plastic slippers, thick bottom ladies slippers, fashionable beach shoes,... Parent B07CQ2TTL9LIUXINDA-XZ Summer tide Flip flops, summer slippers, plastic slippers, thick bottom ladies slippers, fashionable... Parent B07D283D83Converse Women's Chuck Taylor All Star Floral Print High Top Sneaker Parent B07CQBVR61 , Kappa Women's Milla Low-Top Trainer Parent B00QHX4DPMSummer coarse fish with ultra-high-like mouth and versatile stylish sandals Parent B07CKZXZS7JING Female coarse heel shoes In the spring of the sweet and bold with the light of the student lounge single... Parent B07CDR8Z4P , Gentleman/Lady Asics Womens Endurant Shoes Parent B01HQR2VYC Elegant appearance Medium cost German OutletsDolce Vita Women’s Haya Slide Sandal Parent B078BR6G3V , ShangYi Non Customizable Men's/Kids' Dance Shoes Latin/Modern Leatherette/Synthetic Low Heel Black Parent B01FZJW3E6 , Converse - Womens Chuck Taylor All Star Shoreline Peached Canvas Shoes Parent B01N5HSWB7ShangYi Latin dance shoes female adult soft bottom high heels dance shoes precisely dance shoes Ms. Latin shoes... Parent B07CJ2LLY6J Slides Women's Angel Fashion Sneaker Parent B01N9B75E2

Time limit is exhausted. Please reload CAPTCHA.

Puma Women's Kylie 189866. Trainers Jenner Core Fierce Kurim High Top Khaki Trainers Khaki Plum 189866. Parent B074V6ZM4Y d5e3dcd - salonsevendallas.com