AIKAKA Ladies Shoes Spring Sandals Summer Parent high with Fish Mouth Fish Sandals Shallow Mouth Hollow B07FGRZFS1 Parent 5be7da6 -

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 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.”

AIKAKA Ladies Shoes Spring Sandals Summer Parent high with Fish Mouth Fish Sandals Shallow Mouth Hollow B07FGRZFS1 Parent 5be7da6

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 *

Women's Low-Heeled Single Shoes Square Head Shallow Mouth Leisure College Style Retro Leather Shoes B07FSRV4WZ ParentIANGL High Heels Thick Sandals Ladies' Summer Waterproof Tables Sexy Shoes with High Heels and Toe Sandals. B07FSPRTHX ParentHigh Heels Summer Ladies are Transparent with A Pair of Buckles High Heel Shoes and Thin Rome Shoes. B07FSPWKGS Parent , IANGL High Heels in The Summer The Ladies' Shoes are Thick with The Buckles The High Heels The Toes The Fish and... B07FTPXCJ5 ParentHigh Heels Crossover Bandages with Toe Toes Sandals Women's Middle Heeled Cats and A Pair of High-Heeled Shoes. B07FTPZB4L Parent , High Heels A Pair of Sandals Ladies' Shoes in Summer Rome and High Heels Sandals. B07FTPQL9Q Parentxiao123 White Shoes, Women's Sports Shoes, White Light Blue Fashion Simple Harajuku Style Small Fresh Jobs Rome... B07FJ6YRPD Parent , Single shoes Women's Sandals Baotou Low-Heeled Square Head Belt Buckle Leisure Wild Low-Heeled Roman Shoes B07FW12M3S Parent , IANGL High Heels Sandals Black Ladies Summer Slender and Sexy High-Heeled Shoes Rome Shoes. B07FSDHL4Z ParentHigh Heels Simple Summer Sexy Sequins Thick Heel Shoes Flash Sandals High Heeled Sandals Ladies. B07FTSCMT9 ParentIANGL High Heels High Heeled Sandals Summer Buckles Water Drill Toes Fish Mouth Sandals and Women's Shoes. B07FTN9HNP Parent , IANGL High Heels High Heeled Shoes Summer Girls' Buckles and Rome Sandals Women's Shoes. B07FSMSCBT Parent , Women's Sandals Square Head mid Heel Buckle Thick Heel Roman Shoes B07FVY8152 ParentIANGL High Heels Waterproof Table Shoes Summer Buckles Thick Sandals Ladies' Sexy High Heels. B07FTN2S9D ParentHigh Heels A Pair of Buckles Sandals Ladies' Waterproof Tables and Toes with High Toes. Summer Women's Shoes. B07FTVX37K Parent , IANGL High Heels Sandals in The Summer with The Rome Fairy Shoes The Ancient Chinese Buckles High Heels and Late... B07FVPZQJC Parent , Single shoes Women's Square Head Shallow Mouth Low Help Buckle Root Color Matching B07FW4RVSH ParentIANGL High Heels The Word Red Summer is Worn by Baotou Sandals Ladies' Sexy Pointcuts and High-Heeled Shoes. B07FSMNN21 Parent , Golden Sparkling Hollow High Heel Women's Shoes Fish Mouth Stiletto Roman Sandals B07FXR8ZLR Parentshoe Women's Sandals Round Head Hollow Thick Heel Buckle mid Heel Wild Work B07FXYDDSS ParentIANGL High Heels Khaki Women's Pointed Waterproof Table High Heel Shoes Buckles Thick Shoes Sandals Women's Shoes. B07FSJD13P ParentSunjcs Women Men Sports Sandals Athletic Outdoor Open-Toe Water River Shoes(Lover Shoes) B07FYG49N4 Parent , BENNON Safety Shoes Ranger O2 SRC B07G26V1NV Parent , The high-heel women shoes dew-toe sandals Foot Ring strap women's shoes satin fashion European and American 8cm... B07FZW75SW ParentThe high-heel-toe boots fine with women's shoes satin sandals fish mouth high-end fashion woman shoes 35-40 yards... B07FZX5M8J ParentXXM-Shoes The high-heel women sandals women shoes fine with dew-exposed women's shoes satin fashion large code... B07FZWHSZ8 Parent , The high-heel women shoes dew-toe sandals Yoo screws stylish sandals high-end fine with women shoes 8CM above... B07FZWZKP5 ParentXXM-Shoes High-heeled silk women's shoes fashion woman shoes fish mouth high-heeled women's shoes satin sandals... B07FZW6KNX Parent , XXM-Shoes Fine With sandals fish mouth sandals exposed zipper canvas sandals Female B07FZX45B3 Parent

Time limit is exhausted. Please reload CAPTCHA.

AIKAKA Ladies Shoes Spring Sandals Summer Parent high with Fish Mouth Fish Sandals Shallow Mouth Hollow B07FGRZFS1 Parent 5be7da6 -