Flojos Wedge Parent Sandal EXOTIC Wedge EXOTIC beige B007ZR7KUE Parent f670e39 - 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.”

Flojos Wedge Parent Sandal EXOTIC Wedge EXOTIC beige B007ZR7KUE Parent f670e39

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 *

Ipanema Aranha Baby, Unisex Babies’ Boots B00FC286VG Parent , Ladies L6042 Fuchsia Fabric Diamante Swirly Trim Toe Post (UK 5) B007W0QL0O ParentBlack Metallic Jewelled Stiletto Sandal L3942 B00FAL6JRC ParentLadies CutOut Wedges High Heel Studded Peeptoe Platform Sandals Women Shoes Size B00E60IQL0 ParentPLATINO "CLUSTER" White Diamante Detail Sandal B00FGRCBB8 Parent , Chunky Heel Ankle Strap Sandals by ACCENT B00ER8JA9I Parent , PLATINO "CHAIN" Brown Chain Detailed Gladiator Style Sandal B00FGRIHCA Parent , INFINITE INNOVATIONS INC - Marine Battery Terminal B00FDXI6V4 ParentSOMONIKI Green Small Wedge Slip On Sandal B00FGVTK4U ParentGreen Patent Sling Back Heel Sandal SL021-272 B00FJ0SP8U Parent , Black & Silver Circle Strappy Heel Sandal SL021-277 B00FJ0THAU ParentVINSENIYA Beige Tartan Print Peep Toe Sling Back Flat Sandal B00FJXFCYW ParentRed Pink Lattice Stiletto Heel Sandal B00FJ27G60 Parent , Pink Patent Sling Back Heel Sandal SL021-272 B00FJ26V0M Parent , CASANDRA Black with Diamante Detail Strappy Sandal B00FJ3069S Parent , VINSENIYA Red & White Stripe Peep Toe Sling Back Sandal B00FJ2QXAU Parent , MODELGIRL Blue Jewelled Diamante Sandal B00FJWTHGM ParentVINSENIYA Black & White Stripe Peep Toe Sling Back Sandal B00FJWF4SM Parent , LEIZE Red Detailed Bow Front Slip On Sandal B00FJYG8D0 Parent , LEIZE Blue Detailed Bow Front Slip On Sandal B00FJYGPI8 ParentM&P FASHION Blue Caged Zip Front Wedge Sandal B00FJZP10U Parent , Casandra Dark Brown Sequin Glitter Sling Back Sandal B00FKRVLWY Parent , Casandra Red Jeweled Ankle Strap Sandal B00FKS0TCQ Parent , FEILIDA - Satin Peep Toe Diamante Sling Back Sandal B00FKTP8O4 ParentGRACELAND - Ivory White Satin Peep Toe Sling Back Sandals B00FKTWM34 ParentRoxy Womens Corpo J Thong Sandals B00FYO8BHQ ParentKT Pro Tools F430M1214 45 Degree 12-Point Offset Box End Wrench B00G6KGPMU ParentLadies Anne Michelle Gladiator Sandal B00LO6ZNJM Parent , Pazzle Women's Mary-04A Platform Pumps, Black Faux Suede B00LO9DD5U Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Flojos Wedge Parent Sandal EXOTIC Wedge EXOTIC beige B007ZR7KUE Parent f670e39 - salonsevendallas.com