ALDO Women's Cadassa Fashion Fashion Sneaker, White Miscellaneous, 9 nhta-30222 ALDO B US Parent B06XKPV9W9 0e76754 - 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.”

ALDO Women's Cadassa Fashion Fashion Sneaker, White Miscellaneous, 9 nhta-30222 ALDO B US Parent B06XKPV9W9 0e76754

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 *

LvYuan ggx Women's Heels Basic Pump Leatherette Spring Casual Basic Pump Green Brown Black 1in-1 3/4in, green,... Parent B074CYGKGGBrogini Tivoli Short Zip up Boot Parent B00QS993HS , Atlantic Stars Women's VEGATMT64N Grey/Brown Leather Sneakers Parent B01LYELLPBCLARKS - Womens Grace Anna Shoe, Size: 6 B(M) US, Color: Black Nubuck Parent B07765ZDK9 , CLARKS - Womens Grace Anna Shoe, Size: 7.5 B(M) US, Color: Black Nubuck Parent B0775ZLHYV , Golden Goose Sneakers Women - Fabric (GCOWS590) UK Parent B07DDNSYJ7CLARKS Womens Grace Anna Shoe, Size: 7 B(M) US, Color Black Nubuck Parent B0776797CJFANQIANNAN Home Slippers Shoes Women Slippers Winter Warm Shoes Open Toe Non-Slip Shoes Parent B07HF54KYK , Barracuda Women's Trainers White White Parent B077H1YZ9SLvYuan ggx Women's Heels Basic Pump Leatherette Spring Casual Basic Pump Green Brown Black 1in-1 3/4in, brown,... Parent B074CY8K6LPhilippe Model Women's MCBI238009O Black Fabric Slip On Sneakers Parent B07B6DZMM9 , LvYuan ggx Women's Heels Basic Pump Leatherette Spring Casual Basic Pump Green Brown Black 1in-1 3/4in, black,... Parent B074CYQKCYReebok Women's Furylite Graphic, Navy/Blue/White/Pink, 8 US Parent B01HLDRV0K , Man/Woman Reebok Sneaker Avion Donna Parent B01HLDRW68 Special purchase Quality First a lot of varietiesFALAIDUO Women Shoes Ladies Elegant Shopping Party Shoes Flat Shoes Women Flexible Shoes Lazy Casual Shoes Flats... Parent B07GDQ5898P448 Women's MCGLCAK000004106I Silver Suede Hi Top Sneakers Parent B07GC1MYYWVictoria Women’s Deportivo Metalizado Placa Trainers Parent B07CGCBGY4 , adidas RAF Simons Women's Trainers White Parent B0774VBRFTadidas x RAF Simons Stan Smith - White/Black Parent B07BFHPG8YHogan's Interactive HXW00N02011SG29986 Interactive H Rhinestones Black Size: 36,5 Parent B01DTAHXESCole Haan Women s Grand Crosscourt High Top Sneaker Parent B074VB23KLKenzo Women's F862SN122F5493 Grey Fabric Sneakers Parent B07GC38FDZcobian Women’s Cozumel Flip-Flop, Pearl, 6 M US Parent B0135QCINWZormey Heels Spring Summer Fall Club Shoes Creepers Comfort Pu Outdoor Casual Chunky Heel Wedge Heel Zipper Walking Parent B072N9RWTG , QQBL Sneakers Women's Models Small White Shoes Increased Wear-Resistant PU Low-Cut Flat Heel Sports And Leisure... Parent B07HL9RRPWLIUXINDA-XZ Summer tide Flip flops female Xia Po with thick bottom anti skid fashion, wear cool slippers. Parent B07D28F7HMTod's Women's Sneakers in Silver Sequins and Leather - Model Number: XXW0TV0T050G6O0ZRA Parent B075ZBH22JPhilippe Model Women's Trainers Yellow Giallo \Flou Parent B079C2V3FRCalvin Klein Women’s Giselle CK Logo 3D Jacquard Cinder N11433 CID Giselle CK Logo 3D Jacquard Cinder N11433 CID Parent B01CJYLSUU ,

Time limit is exhausted. Please reload CAPTCHA.

ALDO Women's Cadassa Fashion Fashion Sneaker, White Miscellaneous, 9 nhta-30222 ALDO B US Parent B06XKPV9W9 0e76754 - salonsevendallas.com