WANGXIAOLIN A Word With 39) Ethnic Style A Holiday Beach nhta-23544 Sandals (Color : Brown, Size : 39) B07CVJYB9D Parent 6e9ae3f - 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.”

WANGXIAOLIN A Word With 39) Ethnic Style A Holiday Beach nhta-23544 Sandals (Color : Brown, Size : 39) B07CVJYB9D Parent 6e9ae3f

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 *

Lsm-Sandals Women's Pointed Toe Casual Flat Heel Sandals,Rice White,37 B07CWLKVSW ParentLsm-Sandals Women's Block Heels Peep Toe Sandals,Black,40 B07CWLLQRB ParentLsm-Sandals Women's Pointed Toe Heels Ankle Strap Sandals,Yellow,36 B07CWLM216 Parent , Lsm-Sandals Women's Pointed Toe Heels Ankle Strap Sandals,Golden,34 B07CWLMLZ7 ParentLsm-Sandals Women's Wedge Heel Peep Toe Sandals,Black,37 B07CWLNCYK Parent , JIANXIN Women's Summer High Heel Sandals Real Leather And Roman Bandage. (Size : 35) B07CWLPJ1G Parent , Lsm-Sandals Women's Low Heel Ankle Strap Sandals,Golden,36 B07CWLRLZC Parent , Lsm-Sandals Women's Pointed Toe Heels Ankle Strap Sandals,Yellow,34 B07CWLT87F ParentLsm-Sandals Women's Pointed Toe Casual Flat Heel Sandals B07CWLV2B5 Parent , Lsm-Sandals Women's Peep Toe Stiletto Heels Sandals,White,37 B07CWLV2NZ Parent , Lsm-Sandals Women's Block Heels Peep Toe Sandals Flip Flop B07CWLVXDF Parent , Lsm-Sandals Women's Pointed Toe Stiletto Heels Ankle Strap Sandals B07CWMGD9B ParentLsm-Sandals Women's Block High Heels Peep Toe Sandals,Silver,36 B07CWLWWW8 Parent , Lsm-Sandals Women's Pointed Toe Stiletto Heels Ankle Strap Sandals,Rice White,36 B07CWM549S ParentLsm-Sandals Women's Wedge Heel Peep Toe Sandals B07CWM35H1 ParentLsm-Sandals Women's Peep Toe Stiletto Heels Sandals B07CWM5NQ7 Parent , Lsm-Sandals Women's Block Heels Peep Toe Sandals,Black,35 B07CWM5HCJ Parent , Lsm-Sandals Women's Chunky Heel Peep Toe Sandals B07CWM6R36 Parent , Lsm-Sandals Women's Pointed Toe Heels Ankle Strap Sandals B07CWM5TQ2 Parent , Women's High-heeled Sandals Women Summer Suede Buckle Buckle Cross Strap Hollow Heel Fashion For Party B07CWM8ZTB Parent , Lsm-Sandals Women's Pointed Toe Stiletto Heels Sandals B07CWM78LW ParentWEIQI-Women's Sandals/Sequined Rhinestone/Strap Buckle/High Heel/Shiny, Work/Shopping/Meeting, 8cm, 32-41 B07D1Q8H8L Parent , Lsm-Sandals Women's Pointed Toe Heels Strap Sandals B07CWM9CSZ Parent , Lsm-Sandals Women's Pointed Toe Heels Ankle Strap Sandals,Black,34 B07CWMB7T5 Parent , Lsm-Sandals Women's Block Heels Peep Toe Sandals,Black,33 B07CWMDRC2 ParentLsm-Sandals Women's Pointed Toe Heels Flip Flop Sandals B07CWM28BT ParentLsm-Sandals Women's Casual Flat Heel Sandals B07CWMFC17 Parent , Lsm-Sandals Women's Block High Heels Peep Toe Sandals,Black,35 B07CWMF8CR ParentLsm-Sandals Women's Low Heel Ankle Strap Sandals B07CWMFYVH Parent ,

Time limit is exhausted. Please reload CAPTCHA.

WANGXIAOLIN A Word With 39) Ethnic Style A Holiday Beach nhta-23544 Sandals (Color : Brown, Size : 39) B07CVJYB9D Parent 6e9ae3f - salonsevendallas.com