Lucky Brand Women’s Lk-Gerrilyn B01MY0IQ95 Fashion Boot Brand B01MY0IQ95 Lucky Parent 2b47e6a - 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.”

Lucky Brand Women’s Lk-Gerrilyn B01MY0IQ95 Fashion Boot Brand B01MY0IQ95 Lucky Parent 2b47e6a

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 *

CAFèNOIR Women’s Cafènoir Art Xdr603 Ankle Boots B01N14MVHL Parent , Gentleman/Lady N.Y.L.A. Women's Olygmala Boot B01N1GGADX Parent Reasonable price delicate Excellent stretchingMatchLife Unisex Leather Couple Army Ankle Boots B01N1GOAW7 Parent , EMU Stinger (W11376) Denim Micro Mini Boots - Indigo Denim - UK 8, EU 38 B01N1IRDQS Parent , Gentlemen/Ladies Chinese Laundry Womens Tehya B01N1P1AF4 Parent quality Modern and stylish fashion Sales online storeMerrell Women's City Leaf Chelsea Snow Boot B01N1SZ1MO ParentBlowfish Women's Mondo Fashion Sneaker B01N1VIRU4 ParentDr. Martens - Womens Maelly Padded Collar Boot B01N1ZJG5T ParentWalking Cradles Women's Giselle Ankle Boot B01N1ZVF1Z ParentFRYE Women's Amy Side Ghillie Boot, Nutmeg Suede, 7.5 M US B01N216DUA Parent , Native - Boots - Johnny Treklite Bone - White B01N21ZIEV ParentPour La Victoire Womens FELA Closed Toe Ankle Fashion Boots B01N23F9B0 ParentPleaser Pink Label DREAM-1020 Ankle Boot Women's Black Patent B01N2656V3 ParentMen's/Women's Remonte Women's D3575-25 Boots B01N2HHE55 Parent Modern and elegant fashion special promotion At an affordable price , N.Y.L.A. Women's Olygmacy Winter Boot B01N2HTRWT Parent , Gentlemen/Ladies Tamaris Women's Alyx Boots B01N2NDL1P Parent Attractive and durable Comfortable touch TRUE , Braccialini Women's Boots blue blue B01N2PCLZD Parent , Puma Women’s Boot Wn Platform B01N2UINXK ParentLes Petites Bombes Women's Boots B01N2URYK3 ParentCLARKS Women's Maypearl Oasis Engineer Boot, Dark Tan, 5.5 M US B01N2W8XH3 ParentTrotters Women's Major Ankle Bootie B01N2WN0FJ ParentKamik Women’s Quincys Snow Boot B01N2Z23UT ParentWalking Cradles Women’s Dallas Ankle Boot B01N31EEUM Parent , Walking Cradles Women’s Zeno Ankle Boot B01N31G5AO Parent , Naturalizer Women's Rozene Tall Wide Calf Boot B01N325N4E Parent , Cole Haan Elsie Detail Bootie Ii, Women’s Elsie Detail Bootie Ii B01N39HKVL Parent , Daniel Loki Black Leather Chain Ankle Boot B01N3CZ0S0 Parent , SYYAN Women's Europe And Dermal Riveting Martin Boots Outdoor Leisure B01N3KEBTG ParentSYYAN Women's winter Europe and the United States leather matte zipper pump ankle boots B01N3KEUXQ Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Lucky Brand Women’s Lk-Gerrilyn B01MY0IQ95 Fashion Boot Brand B01MY0IQ95 Lucky Parent 2b47e6a - salonsevendallas.com