CROSS Blush Nude Patent ciproant-18606 PU Leather High CROSS Heels Parent Platform Peep Toe Sandals B0744N5CFK Parent 7c23855 - 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.”

CROSS Blush Nude Patent ciproant-18606 PU Leather High CROSS Heels Parent Platform Peep Toe Sandals B0744N5CFK Parent 7c23855

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 *

Soft Style Womens Paisley Open Toe Casual Ankle Strap Sandals B074FJ1V6S Parent , Man's/Woman's Keys 5281 Sandals Women B074FTYFFH Parent Elegant and sturdy set meal Let our goods go to the world wonderful , Soft Style Womens Oralee Open Toe Casual Platform Sandals B074FL7SBM ParentTAOFFEN Women Fashion Zipper High Heels Boots Shoes Metal Chain B074GT1395 Parent , Allegra K Women's Buckle Ankle Strap Wedge Sandals B074FZYCR2 ParentTAOFFEN Women Stylish Dress Tassel Ankle Booties Shoes Stiletto Heel B074J1CDG5 Parent , Divadames Womens Party Prom Frill Suede Stilleto Heels (UK 3-8) B074HM6VC2 ParentSkechers Women’'s Bobs Sunkiss-Star Fish Sandal B074JKYZBN Parent , SJJH Leisure Court Shoes with Large Size 0 UK - 10.5 UK and Loafer Shoes with Chunky Heel B074L26JV2 Parent , SJJH Casual Working Flats for Large Size and 3-Colors Comfortable Shoes for All Women B074L467QX Parent , SJJH Casual Shoes with Rounded Toe and Low Chunky Heel for Fahsion Women B074L4625N Parent , SJJH Women Working Shoes with Large Size 0-13 UK Casual Women Shoes with Mid Heel and Pointed Toe B074L46CHG ParentSJJH Women Flats with Pointed Toe and Large Size Women Flat Court Shoes with Large Size B074L469N6 ParentFlip Flop Pool*Star, Women’s Heels Sandals B074L6FHBK ParentNonbrand Women's Slim Heel Gold Buckle UK 00 B074MSCZ4Y Parent , Guess Women’'s Riley Flat Sandal B074L7RBJ1 Parent , Nonbrand Women's Slim Heel Silver Buckle UK 00 B074MXXJZF ParentNonbrand Women's Slim Heel Red Buckle UK 0 B074MXSC6F Parent , Qupid Chester-132, Women’s Heeled Sandal B074NH4PVR Parent , Nonbrand Women's Slim Heel Purple Buckle UK 00 B074N381V5 Parent , Koi Couture Ladies Black Faux Suede Peep Toes Ankle Strap High Heels Strappy Sandals B074NYVNMC ParentNonbrand Women's Slim Heel Buckle B074N54P8R ParentMillie - Red Suede Open Toe Block Heel With Ankle Strap and Buckle Detail B074R7WQZH ParentMadden Girl Women’s Direct-r Heeled Sandal B074NKC6PC Parent , SJJH Elegant Women Court Shoes with Bling Maerail and Pointed Toe Thin Heel Beatiful Wedding Shoes and Sexy Working... B074RFY6B4 ParentBobux Open Toe Sandal Caramel B074QWPFLF ParentSJJH Women Court Shoes with Nubuck Material and Comfortable Large Size for Office Ladies B074RG21HJ Parent , SJJH Women Court Shoes with High Heel and Thick Platform for Wedding Parties Shoes with Bling Materail Wedding... B074RG5MDK Parent , SJJH Women Court Shoes Chinese Tradition Style Women Shoes with Rounded Toe and 3-Colors Mid Block Heel Women... B074RFZD51 Parent ,

Time limit is exhausted. Please reload CAPTCHA.

CROSS Blush Nude Patent ciproant-18606 PU Leather High CROSS Heels Parent Platform Peep Toe Sandals B0744N5CFK Parent 7c23855 - salonsevendallas.com