Cushion Walk Womens Fit Side - Zip Comfort Fit Womens Winter Boots in Black - Olivia B076Y8VTRD Parent d3fcc1f -

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.”

Cushion Walk Womens Fit Side - Zip Comfort Fit Womens Winter Boots in Black - Olivia B076Y8VTRD Parent d3fcc1f

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 *

Ladies Mid Calf Faux Fur Lined Warm Winter Water Resistant Snow Boots Size 3-9 B075XQH2HM Parent , Onewus Fashion Ankle Boots with Kitten Heel and Pointed Toe All Match Working Boots for Fashion Women B076MSYTMJ Parent , COOLCEPT Women Boots Pull On Warm Lined B0771D9LWK Parent , BIGTREE Women Long Boots Casual Flat Autumn Winter Comfortable Faux Suede Warm Fur Knee High Boots B077G7DQRV Parent , Carolbar Women's Western Zippers Block Heel Short Boots B07FFRB3FT ParentRoamers Black Suede Desert Boots B0045BVTGO ParentReflex Womens/Ladies Flat Yeti Boots With Pom Poms B007BYD6CC ParentHi-Tec V-lite Sphike Wp W', Women’s Ankle Boots B00CMOW34I Parent , Gentlemen/Ladies Black B00FYMWC3C Parent Crazy price Elegant and sturdy packaging fineShow Story Striped Button Zipper High Heel Stiletto Platform Ankle Boots,LF30303 B00J4OP4CW Parent , Wetlands Womens Rubber Waterproof Wellington Boots B00L89S7FC ParentShow Story Cool Zip High-top Bone High Heel Hidden Platform Ankle Boots,LF40603 B00JK94JX6 ParentCarolbar Women's Cute Charm Mid Heel Floral High Top Boots B012Z1L0MS Parent , Carolbar Women's Modern Pointed Toe Zippers Short Boots B01IQMQAVQ ParentCarolbar Women's Fashion Chains Pointed Toe Long Boots B01KF25NB8 Parent , KNEE HIGH FLAT FESTIVAL WELLIES RAIN BOOTS PINK RUBBER SZ 7 B01MQD64GG ParentVitalo Womens High Heels Platform Ankle Boots Ladies Stiletto Zip up Booties B07FNCBR9P Parent , VIZ Ladies Girls Leopard Wedge Wellington Boots Funky Shiny Design B07BFC9Z7V ParentLadies Mucker Easy Close Stable Yard Boots Wellies UK 5 B0058JLPQQ Parent , Coolcept Women Fashion High Heel Ankle Boots B07FWPMWVS Parent , Mirak Cotswold Venture Waterproof Ladies Boot/Ladies Boots/Textile/Weather Wellingtons B009M69BAI ParentSPYLOVEBUY Knee High Flat Festival Wellies Rain Boots Pink Rubber SZ 5 B01MDUHIBP ParentWomens ladies flat low block heel over the knee gold zip stretch wide thigh biker riding boots size B0170CI7OQ Parent , COOLCEPT Women Classic Block Mid Heel Slip on Western Cowboy Boots B01N2KJFII Parent , TAOFFEN Women Winter Warm Snow Boots Long Boots Over Knee Boots B01MXL2J70 ParentLongFengMa Women's Round Toe Hidden Wedge Heel Tassels Winter Flat Ankle Boots B076BN6RH6 ParentWomens Ladies Low Heel Gold Zip Contrast Riding Pixie Ankle Boots Booties Size B075CN224M ParentMr/Ms VulusValas Women Ankle Boots B07FTBZ215 Parent the most convenient a variety of Global sales , MisaKinsa Women Kitten Heel Dress Boots Zip B07FT7ZNSQ Parent

Time limit is exhausted. Please reload CAPTCHA.

Cushion Walk Womens Fit Side - Zip Comfort Fit Womens Winter Boots in Black - Olivia B076Y8VTRD Parent d3fcc1f -