Pink Women's nhta-30209 Shore Runner Runner 30209 Water Shoes, Size 10 B015JTBGWC Parent 0f76bcb - 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.”

Pink Women's nhta-30209 Shore Runner Runner 30209 Water Shoes, Size 10 B015JTBGWC Parent 0f76bcb

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 *

DC Trase TX Women's White/Blue/Red B01B7BFHB2 Parentadidas X 15.3 Cg J, Unisex Babies’ Football Boots B017VTP98A ParentNIKE Women’s W Tennis Classic Ultra PRM Trainers Off-White Size: 4 UK B01BIA1K5O Parent , Joma R. Speed Lady Running Trainers (UK7) B019E50CFE Parentadidas Performance Questar Techfit Women B01B6F7DKM Parent , Reebok Women’s Rush Running Shoes, Black B01C0F7S8E Parent , adidas Women's CC Sonic AL W, NAVY/PURPLE/WHITE B01CFZO9Y0 Parent , Bloch Boost (S0538) - Orange B01CGEH8KW ParentDynafit - Enduro DST women's functional shorts (pink) - XS B01CGESYPU ParentDiadora J Run, Unisex Adults’ Training B01CK38T1G Parent , NIKE Unisex Adults' 744943-017 Football Boots B01CPO3BZE ParentNomad Women's Beta Rain Boot B01CQSHPDS Parent , Nomad Women's Kelly B Rain Boot B01CQSI7RQ ParentNomad Women's Puddles II Rain Boot B01CQSIRVM Parent , Tappers & Pointers Silver Hologram Upper Tie Cuban Heel Tap Shoes B01DAEHN0C Parent , Werner Kern Ladies Celine Ballroom Shoe (Black, 6.5) B01DAEI4I2 ParentWerner Kern Ladies Betty Ballroom Shoe (Brocade (Black Diamantes), 5) B01DAEI5OU ParentTappers & Pointers PU Upper Button Bar Character Cuban Heel Shoes (3) B01DAEI838 Parent , Werner Kern Isabel Ladies Tango/Salsa B01DAEI9C8 Parent , The North Face Women's W Litewave Athletic Sandals B01DC8FSNK Parent , Prince Advantage Lite W Women's Trainers, Women, Advantage Lite W B01DAMGMPQ Parent , Lotto Unisex Babies’ Tacto Ii 500 Jr Football Boots B01DGSV7OK ParentPuma Unisex Adults' Evospeed 5.5 Multisport Indoor Shoes, Multicoloured B01DKJBR90 ParentFA - Fantasy Krios (Coral, 7) B01DKJZAWA Parent , NIKE Jr Mercurial Vortex Ii Tf, Unisex Babies’ Football Boots B01DNS4D30 Parent , Wholesale Dance - Animal Clouded Leopard Print Lycra Catsuit, Unitard, Bodysuit, Dance, Fancy Dress (#Elsa) B01DO29L78 Parent , Wholesale Dance - Animal Siberian Tiger Print Lycra Catsuit, Unitard, Bodysuit, Dance, Fancy Dress (#Elsa) B01DO29KIS Parent , Wholesale Dance Animal Pink Cheetah Print Lycra Catsuit, Unitard, Bodysuit, Dance, Fancy Dress (#Elsa) B01DO8WRE6 ParentWholesale Dance - Animal Red Leopard Print Lycra Catsuit, Unitard, Bodysuit, Dance, Fancy Dress (#Elsa) B01DO8WUNO Parent

Time limit is exhausted. Please reload CAPTCHA.

Pink Women's nhta-30209 Shore Runner Runner 30209 Water Shoes, Size 10 B015JTBGWC Parent 0f76bcb - salonsevendallas.com