Rieker Women’s 62470-64 Heels Heels nhta-30287 Sandals 30288 B01N0GOD48 Parent fbc873b - 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.”

Rieker Women’s 62470-64 Heels Heels nhta-30287 Sandals 30288 B01N0GOD48 Parent fbc873b

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 *

GARDENIA COPENHAGEN Sandal, Women’s Wedge Heels Sandals B01M1HUH4L Parent , Rieker Women’s 64274 Wedge Heels Sandals B01MSKNDGB Parent , HN Shoes Women's Mid Heel Sandals Party Diamante Evening Wedding Bridal Prom B07C7STNLL ParentTamaris Women’s 28156 Ankle Strap Sandals B078HK6S4S ParentDevious Womens Domina-108 Fashion Sandals B00A0IU0A2 Parent , Clarks Women's Lexi Myrtle Sandal B008HE18W0 Parent , Tamaris Women’s 28044 Sling Back Sandals, Beige (Taupe/Lt. Gold 236) B078HL8JGX Parent , Tamaris Women’s 29666 Wedge Heels Sandals B01MTKCEWX ParentGentleman/Lady Giudecca Jycx14pr20-2c, Women’s Sandals B016WFKDU8 Parent Elegant appearance cheapest Different goods , Jenny Women’s Belize T-Bar Sandals B074L6BHPD Parent , Les Tropéziennes par M. Belarbi Women’s Horse Rear Flange B077PT9S89 Parent , Unisa Women’s Nick_18_na Open Toe Sandals B076KQP4MD Parent , Kickers Women’s Glity Ankle Strap Sandals B0755KGB3X ParentJack Wolfskin Lakewood Cruise Sandal W, Women’s Athleitc Sandals B013SKJ4I2 ParentLes Tropéziennes par M. Belarbi Women’s Heriber Gladiator Sandals B01NCLZKNF ParentHoneystore Women's Rhinestone Peacock Patterned Handmade Sandals B00YXBYS50 ParentSteve Madden Disco, Women’s Sandals B01LZSD8KJ Parent , Teva Women's Terra-Float Nova Sports and Outdoor Lifestyle Sandal, Mosaic Black Multi, 4 UK (37 EU) B018S2S6AM ParentPEDRO MIRALLES Women’s 18366 Ankle Strap Sandals B077TVPW2K Parent , Ricosta Women’s Kalja Heels Sandals B0753JJHTH Parent , Tamaris Women’s 28027 Sling Back Sandals, Red B078HWWT31 Parent , Inuovo Women’s 8449 Ankle Strap Sandals B077MLPN6S ParentMerrell Women’s Enoki 2 Shift Flat Sandals B01HGW0HQQ Parent , Tamaris Women’s 28038 Ankle Strap Sandals B078T3G8SH ParentVionic Womens Rest 44 Bella II Synthetic Sandals B00LNI19NK Parent , Art 0733 Mojave Pompei, Women’s Platform Sandals B01NANXIMT ParentRemonte Women’s D6955 Ankle Strap Sandals B06XTZNNXQ ParentPLDM by Palladium Women’s Plumea Sud Open Toe Sandals B075NYK2TM ParentJenny Belize, Women’s Heels Sandals B074L3LWJM Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Rieker Women’s 62470-64 Heels Heels nhta-30287 Sandals 30288 B01N0GOD48 Parent fbc873b - salonsevendallas.com