Shoe the Bear Shoe Women’s Chelsea Agnete S gamesworld-15585 Chelsea Boots B07B5D57FJ Parent 8c576d5 - 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.”

Shoe the Bear Shoe Women’s Chelsea Agnete S gamesworld-15585 Chelsea Boots B07B5D57FJ Parent 8c576d5

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 *

Gabor Women’s Comfort Chelsea Boots, Grey B01M675C4C Parent , Camper Mil K400246-002 Ankle Boots Women 40 B075FZZK6V Parent , Gabor Women’s Comfort Basic Boots B072HWGXPJ ParentMelvin & Hamilton Jessy 1, Women’s Chelsea Boots B00YWZSNEY ParentGabor Women’s Comfort Sport Boots, Grey B072HV572R Parent , Art Women’s Oslo Ankle Boots B0719BWQG8 ParentGabor Women’s Comfort Basic High Boots B07CMLRY49 Parent , Blue by Betsey Johnson Women’s Sb-Alexi Fashion Boot B07BSQDKVM ParentGeox Women’s D Inspiration Stiv B Ankle Boots B01GFXVGJO ParentDr. Martens Women’s 1460 Pascal W/Zip Regular Boots B01IDSPOWO Parent , Shoe the Bear Women’s Emmy S Hi-Top Trainers B079ZDQG6C ParentThink! Women’s Sammas_181090 Chelsea Boots, Black (BK/Combo 09) B071NQ9N13 Parent , Gentlemen/Ladies Carvela Steel, Women’s Boots B073JTNTFL Parent Beautiful design Highly praised and appreciated by the consumer audience Different goods , Dr. Martens Ladies Pascal 1460 Pewter Black Gunmetal Flaming Glitter Rockabilly Hotrod Ankle Boots B07946F618 Parent , Gant Women’s Maria Boots, Beige B0716Y4T9F Parent , Man/Woman Gabor Basic, Women’s Boots B0725JYHCJ Parent Aesthetic appearance Quality and quantity guaranteed International big nameDr. Martens Unisex Adults' Grayson Chelsea Boots B07BM9PNJX ParentCarvela Women’s Reed Ankle Boots B01GEIA574 ParentGabor Women's Boots Black Schwarz Argento B07D7SS3TR Parent , Man's/Woman's Dublin Waterproof River Boots B00DRMQDPO Parent High grade Quality and quantity guaranteed valueGentleman/Lady Vionic Women’s Kennedy Boots B01N4GEFS9 Parent New Listing a variety of Preferred boutiqueFly London Women’s Same109fly Boots B072FK1QX9 Parent , Fly London Women’s Yarn772fly Boots B06X9Q3Y62 ParentGentleman/Lady Think! Inua, Women’s Boots B07331DZX2 Parent Packaging diversity fashionable Fashion dynamic , Pepe Jeans Women’s Melting W.Zipper Desert Boots, Black B01EWFU1FM ParentGabor Women’s Casual Boots, Black B07235RR71 Parent , Aldo Women's Mihaela Knee-High Boots B01EM5QGXS ParentDr. Martens Women’s Persephone Chukka Boots B01IDYQ98G ParentECCO Women’s Shape M 15 Chelsea Boots B0716ZLWFG Parent

Time limit is exhausted. Please reload CAPTCHA.

Shoe the Bear Shoe Women’s Chelsea Agnete S gamesworld-15585 Chelsea Boots B07B5D57FJ Parent 8c576d5 - salonsevendallas.com