TTSHOES Women's 30246 Shoes PU(Polyurethane) Spring Walking/Fall Comfort/Light Flat Soles Athletic Shoes Walking Shoes Flat Heel... B07GLK9VFZ Parent 264ba4c - 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.”

TTSHOES Women's 30246 Shoes PU(Polyurethane) Spring Walking/Fall Comfort/Light Flat Soles Athletic Shoes Walking Shoes Flat Heel... B07GLK9VFZ Parent 264ba4c

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 *

Jeffrey Campbell Women’s Boone SST Brogues B072KHJN7R ParentGentleman/Lady Kickers Women 446852-50 Derby B06XJ4XZLS Parent Clearance price Attractive fashion Selling new products , Man's/Woman's Waldläufer Women's Kimari Sneakers B0725QQXMP Parent Elegant and sturdy set meal Price reduction Exquisite (processing) processingU.S. Polo Assn..(Women's Women's Cara-E Oxford, Black/Hot Pink/Black, 10 M US B0735SK554 Parent , Gentleman/Lady Primadonna Women’s 101417710pe Derbys B073LYKK9F Parent Good world reputation New in stock AmoyGentlemen/Ladies Mephisto Women's Yliane Oxford B01K4T40BQ Parent Outstanding features Online Extreme speed logistics , Gentleman/Lady Primadonna Women’s 105405293vl Brogue B073M2KVFB Parent Customer first Beautiful appearance a wide variety of goods , FLY London Women's Wins782fly Oxford B06X9CD5QC Parent , J. Renee Women's Mackenna Oxford, Red Multi, 6 B (M) US B01EC7EBP6 Parent , Steve Madden Steven by Women's Razzi Mule B01NCSMSZX ParentKelsi Dagger Brooklyn Women’s Alani Oxford Flat B01N11NYRS Parent , Bernardo Women’s Owen Oxford Flat B06XYZR3BD Parent , Loeffler Randall Women’s Willa (Leather) Oxford Flat B01N6NJTMW Parent , U.S. Polo Assn..(Women's Women's Marisa-HJ Oxford, Black/Turquoise, 8.5 M US B071W2K8LT Parent , Pour La Victoire Women’s Fedra Oxford Flat B01NASWYK9 Parent , Sam Edelman Women's Dahl Oxford B06XCCXY5P Parent , Cole Haan Women’s Grandpro Runner Sneaker, Ironstone Leather-Ironstone Nubuck-Optic, 10 B US B01NCZLG93 Parent , U.S. Polo Assn. Women's Women's Marisa-HJ Oxford, Black/Turquoise, 7.5 M US B072PTB12S Parent , Charles David Women’s Dame Oxford Flat B06XDPPD9V Parent , Stuart Weitzman Women’s Runatab Oxford Flat B01N9H48R8 ParentLoeffler Randall Willa Oxford (Haircalf), Women’s Oxford Flat B06XPSJ7LN Parent , U.S. Polo Assn..(Women's Women's Marisa-HJ Oxford, Black/Turquoise, 10 M US B071P9NP5N Parent , Adrianna Papell Women's Pam Slip-on Loafer B06Y2FHBKD ParentMen/Women BeautiFeel Women's Varin Oxford B01N553RBQ Parent High-quality At a lower price Seasonal hot saleU.S. Polo Assn..(Women's Women's Marisa-HJ Oxford, Black/Turquoise, 9 M US B0719SFQGH ParentUnbekannt Booties Ladies Modern In Purple B0722P65Q7 ParentCole Haan Emory Luxe Wedge 65mm B0721P9DTZ ParentU.S. Polo Assn..(Women's Women's Marisa-HJ Oxford, Black/Turquoise, 8 M US B072FR5KX5 Parent , Men's/Women's Rockport Women's Paulette Shoes B06XX4YTRG Parent Exquisite (middle) workmanship Pleasant appearance professional design

Time limit is exhausted. Please reload CAPTCHA.

TTSHOES Women's 30246 Shoes PU(Polyurethane) Spring Walking/Fall Comfort/Light Flat Soles Athletic Shoes Walking Shoes Flat Heel... B07GLK9VFZ Parent 264ba4c - salonsevendallas.com