Xue Qiqi B07DSCCLD4 The 27171 single bare-color waterproof Taiwan high-heeled shoes fine with round head single shoes pro work shoes black... Parent B07DSCCLD4 d991e14 - 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.”

Xue Qiqi B07DSCCLD4 The 27171 single bare-color waterproof Taiwan high-heeled shoes fine with round head single shoes pro work shoes black... Parent B07DSCCLD4 d991e14

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 *

Skechers Women’s Burst Tr-Close Knit Trainers Parent B01M0ZQMN8Mr/Ms Gabor Women's 76.515.33 Trainers Parent B074PL4CQG Queensland Ranked first in its class Sales online storeMan/Woman Soybu Women's Annie Scarf Parent B00GN6WWTC durability First quality a lot of varietiesCONERSE Converse All Star HI Iron/Drizzle Grey Parent B00LJ1CSP4 , Malevolent Sounds of the Traum Parent B00007M9NV , Women'S Sandals Beaded Ankle Strap Boho Flip Flops Beach Flat Shoes.35-42 Parent B07BFCHRDWNIKE Air Max Fury Womens Running Shoes (8.5 B(M) US) Parent B071G23VS5TTSHOES Women's Shoes Canvas Spring Comfort Sneakers Creepers Round Toe White/Black Parent B07GXMFTB6 , CHENYANG Women's Latin Dance Shoes Standard Salsa Performance Ballroom Shoes Parent B07GNF2JJB , Man's/Woman's Pinko ALLUVIONE Sneakers Woman Parent B018UAT8TK Best-selling worldwide Beautiful appearance Extreme speed logistics , Byjia Sandals Women'S Sandals Beaded Ankle Strap Boho Flip Flops Beach Flat Shoes.35-42 Parent B07BJ6W8RP , RUGAI-UE Summer Sandals High Heels Women Shoes Parent B073WSVP3RRUGAI-UE Fashion Buckle Spell Color Toe Heel Sandal Woman High Heels Parent B072MCJMR4Gola Women’s Saint Fitness Shoes Parent B07845GRWJWYMNAME Girls Latin Dance Shoes,Modern Dance Shoes Low Heels Wear-Resistant Ballroom Dance Shoes Parent B07CVLTZW2 , DC Shoes Women's Venic Mid Skateboarding Shoe Parent B002UNNO5I , Converse Unisex Adults' Chuck Taylor All Star C151186 Hi-Top Sneakers Parent B01BOW0RXC , Clarks Women's Brown Inset Route 5.5 B(M) US Parent B00HWZQX4IITTXTTI Sandals women's fashion slippers summer wear versatile flat bow word thick platform sandals and slippers... Parent B07FQMDD81Geox Womens Illusion A High-Tops Parent B00I4QAQU6Reebok Women’s Club C 85 Metallic Mesh Trainers Parent B07894Q96YPENGFEI Beach slippers summer Non-slip Thick bottom Female sandals Surfing slippers (Color : White, Size : EU38... Parent B073SXF6L1 , Slippers HAIZHEN Women shoes Men and women Leisure outdoor soft Pure color beach couple flat sandals for Women... Parent B073ZF5VNT , Kennel & Schmenger Women's 8117470655 Trainers Grey Grey Parent B07F73VKVQ , ZHZNVX HSXZ Women's Shoes Nubuck leather Spring Fall Combat Boots Boots Chunky Heel Pointed Toe Booties/Ankle... Parent B07929JZS8 , ZHZNVX Women's Shoes Canvas Spring Comfort Sneakers Flat Heel Round Toe Black/Red / Green Parent B07GZQ4NHD , Miyoopark Ladies Ankle Wrap Glitter Latin Dance Sandals Wedding Shoes MY-L118 Parent B01N99UK4M , PEARL iZUMi EM Road N3 Running Shoes grey/blue 2016 sport shoes Parent B00QY82KKAKootk Unisex Slippers Women Water Shoes Men Clogs Beach Shoes Indoor Outdoor Leisure Shoes Walking Slip-On Hollow... Parent B07B8G6BR9 ,

Time limit is exhausted. Please reload CAPTCHA.

Xue Qiqi B07DSCCLD4 The 27171 single bare-color waterproof Taiwan high-heeled shoes fine with round head single shoes pro work shoes black... Parent B07DSCCLD4 d991e14 - salonsevendallas.com