YUCH Parent Ladies' Slippers High Thick Heels Waterproof Waterproof Tables Thick Bottom Working Sandals B07H7QVCYT Parent 237ebdf - 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.”

YUCH Parent Ladies' Slippers High Thick Heels Waterproof Waterproof Tables Thick Bottom Working Sandals B07H7QVCYT Parent 237ebdf

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 *

BalaMasa Womens Studded Travel Slides-Sandals Urethane Slides Sandals ASL05760 B07HDD4T6P ParentFangYOU1314 Baotou Wear Square Grid Hollow Sequin Flat Sandals (Color : Beige, Size : 6 UK) B07HD9ZNDG ParentBalaMasa Womens Studded Dance-Ballroom Urethane Sandals ASL05790 B07HDT8HWK ParentBalaMasa Womens Studded Travel Lights Leather Sandals ASL05761 B07HDCYC69 ParentBalaMasa Womens Bows Assorted Colors Travel Leather Sandals ASL05785 B07HDTP713 Parent , BalaMasa Womens Bows Platform Travel Urethane Sandals ASL05784 B07HDTJCK2 Parent , BalaMasa Womens Beaded Closed-Toe Travel Urethane Slides Sandals ASL05786 B07HDTTPWL ParentBalaMasa Womens Ruched Assorted Colors Dress Urethane Slides Sandals ASL05788 B07HDTQ421 ParentBalaMasa Womens Studded Beaded Burnished Urethane Slides Sandals ASL05783 B07HDTXBYQ ParentBalaMasa Womens Dance-Ballroom Structured Solid Urethane Sandals ASL05787 B07HDTTJSL ParentBalaMasa Womens Studded Dance-Ballroom Travel Urethane Sandals ASL05781 B07HDTZTGW Parent , BalaMasa Womens Quilted Casual Assorted Colors Urethane Slides Sandals ASL05782 B07HDTVQ9K ParentBalaMasa Womens Solid Dance-Ballroom Charms Urethane Slides Sandals ASL05794 B07HDXGKZ8 Parent , BalaMasa Womens Ruched Solid Casual Urethane Slides Sandals ASL05789 B07HDV4DNW Parent , BalaMasa Womens Studded Structured Casual Urethane Sandals ASL05792 B07HDXTF3D ParentBalaMasa Womens Casual Travel Solid Urethane Platforms Sandals ASL05814 B07HDXG4FR ParentBalaMasa Womens Checkered Solid Structured Urethane Sandals ASL05811 B07HDXVMGD ParentBalaMasa Womens Solid Herringbone Travel Urethane Slides Sandals ASL05813 B07HDXRJKQ Parent , BalaMasa Womens Studded Beaded Structured Urethane Slides Sandals ASL05793 B07HDXZ5B5 Parent , BalaMasa Womens Studded Charms Structured Urethane Slides Sandals ASL05791 B07HDXWWRV Parent , BalaMasa Womens Hounds-Tooth Platform Casual Urethane Sandals ASL05836 B07HFDXKYZ Parent , RFGTYBDD Delicate Women Sandals Beach Sandals Beaded Clip Toe Flats Bohemian Herringbone Sandals (Black) (Color... B07HF5SHJM Parent , BalaMasa Womens Assorted Colors Ornamented Urethane Slides Sandals ASL05829 B07HFFKSN9 ParentBalaMasa Womens Casual Solid Travel Urethane Platforms Sandals ASL05835 B07HFFBG2S Parent , AIFEIER Womens Beach Casual Sandal B07HRNW2XJ Parent , IGIeCO 1194711 Gold Footwear Comfortable Sandals Low Woman B07HMGGZMN Parent , HhGold Sandals National Wind Flower Beach Slippers Female Summer Seaside Anti-slip Thick-bottomed Platform Wear... B07J6GP8XQ Parent , GDXH New Women's slippers Sandals Novelty Fall Winter Casual Party & Evening Dress Buckle Flat Heel Blue Black... B07HRNCMK3 ParentHhGold Sandals heeled Beach Flowers Beach Slippers Female Summer Slope With Sandals Wear Stylish Thick-soled Slippers... B07J6GQVPM Parent ,

Time limit is exhausted. Please reload CAPTCHA.

YUCH Parent Ladies' Slippers High Thick Heels Waterproof Waterproof Tables Thick Bottom Working Sandals B07H7QVCYT Parent 237ebdf - salonsevendallas.com