Funtasma by Pleaser Women's Contessa-50 by Mary Jane Pump Parent B0018NBF98 Women's Parent 8ed2396 -

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 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.”

Funtasma by Pleaser Women's Contessa-50 by Mary Jane Pump Parent B0018NBF98 Women's Parent 8ed2396

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 *

Pleaser Women's Lolita-10/Besue/PU Platform Pump B0047UT6ZE ParentPinup Couture Lolita-11 - sexy florale high heels retro platform peeptoe pumps 2,5-8 B0047UT7BW Parent , Gentleman/Lady Bordello VIO06/R/SAT 3 Femmes B004A6U4K6 Parent Various goods Low price Exquisite processingPleaser Women’s SEDUCE-317 Ankle-Strap, Black, 4 UK B004CT31G0 ParentMen/Women GABOR 25.220.57 Womens Pump B004DJMK3Y Parent selling price cheapest Contrary to the same paragraph , D.CO COPENHAGEN Wf 1461, Women’s Pumps B004DMYRNM ParentSam Edelman Women's Lorissa Spiked Peep-Toe Heels B004I5D35M ParentPleaser Women's Div431/Bpu Dress Pump B004K2G2P6 ParentFuntasma by Pleaser Women's Bloody-12 Pump B004K2L346 Parent , Tamaris 22305 Pumps Suede leather B004LLXTIY ParentPleaser Women's Harlow-01/RPT Mary Jane Pump B004NNF0BO ParentPleaser Women's Bettie-16 Mary Jane Pump B004NNF22Q Parent , Men's/Women's Pleaser SKY-308G-T B004NNGZBS Parent Customer first Cheaper than the price Valuable boutiqueGentleman/Lady Pleaser Harlow-01, Women’s Harlow-01/Bpt B004NNJ1RI Parent The color is very eye-catching Order welcome Modern and elegantPleaser Women's Smitten-01/BW Spectator Pump B004NNJZJ2 ParentMan/Woman Pin Up Couture BOMBSHELL-03 B004NNJZRE Parent Strong heat and wear resistance Cheaper than the price Most practicalPinup Couture Women's 1/4 Inch Heel, Size: 7 UK,Color: Black Patent B004NNK1AO Parent , Gentlemen/Ladies Pleaser Women's Lolita-12 Pump B004NNK1HW Parent Fine processing Settlement Price Characteristics , Man/Woman Pleaser Women's Bombshell-03 Pump B004NNLS2Y Parent High-quality High-quality materials Cheap orderPleaser Women's Smitten-05/NBW Spectator Pump B004NNLS88 ParentPin up Couture Cutie10/Bpt, Women's Closed-Toe Pumps B004NNLSPQ Parent , Pinup Couture Pin Up Couture HARLOW-01 B004NNLT9Q ParentPleaser Women's Lolita-12 Pump,Serape Print Fabric,8 M US B004NNLTCI ParentPleaser VIXEN-702 Clr/Clr UK 4 (EU 37) B004NNNPJ8 Parent , Pin Up Couture BETTIE-13, Black Patent/Black Satin, 4 UK B004OUZ5J8 Parent , Pleaser Women's Cutiepie-06/T Spectator Pump B004OV18PM ParentPleaser Women's Teeze-12-6 Platform Pump B004OV335U ParentPleaser Women's Teeze-12-3 Platform Pump B004OV33F0 Parent , Pleaser Women's Teeze-12-5 Platform Pump B004OV33V4 Parent

Time limit is exhausted. Please reload CAPTCHA.

Funtasma by Pleaser Women's Contessa-50 by Mary Jane Pump Parent B0018NBF98 Women's Parent 8ed2396 -