1TO9 Womens Assorted Parent Colors Bows Womens Tote-Style Urethane Pumps Assorted Shoes MMS06139 B07GLJ2CK9 Parent c6d2567 - 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.”

1TO9 Womens Assorted Parent Colors Bows Womens Tote-Style Urethane Pumps Assorted Shoes MMS06139 B07GLJ2CK9 Parent c6d2567

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 *

1TO9 Womens Beaded Solid Burnished Urethane Pumps Shoes MMS06176 B07GN8TMP4 Parent1TO9 Womens Beaded Solid Nubuck Urethane Pumps Shoes MMS06181 B07GP598RV Parent1TO9 Womens Herringbone Hounds-Tooth Pleated Urethane Pumps Shoes MMS06170 B07GN9WHTL ParentAimint Womens Tassels Chunky Heels Platform Urethane Pumps Shoes EYR00258 B07GQNXBJL Parent , 1TO9 Womens Bows Solid Pleated Urethane Pumps Shoes MMS06172 B07GNCCVGZ Parent , YOSPOSS High Heel Stiletto Protectors KZ9527-W147 10 Pairs High Heel Protectors Gifts for Outdoor Wedding or Event... B07GPRBR42 ParentBeiaMina Women Peep Toe Pumps Platform Shoes B07GNGBKZT ParentCoolcept Women Fashion Low Heel Closed Toe Pumps B07GNJFRYB Parent , AdeeSu Womens Dance-Ballroom Pumps-Shoes Casual Urethane Pumps Shoes SDC05609 B07GNP952F ParentDethan Womens Patent Leather Pointed Toe Candy Color Thin High Heel Wedding Party Prom Pumps B07GNJXPPZ Parent1TO9 Womens Studded Dance-Ballroom Glitter Urethane Pumps Shoes MMS06177 B07GN8CM2N ParentAdeeSu Womens Dance-Ballroom Fringed Platform Leather Pumps Shoes SDC05606 B07GNS46HQ ParentAdeeSu Womens Casual Dress Solid Leather Pumps Shoes SDC05631 B07GQLTPXD Parent , BalaMasa Womens Mule Platform Burnished Urethane Walking Shoes APL10639 B07GNZMQ76 ParentAdeeSu Womens Solid Comfort Bows Structured Urethane Pumps Shoes SDC05612 B07GP52Y3C Parent , 1TO9 Womens Bows Frayed-Seams Solid Platform Urethane Pumps Shoes MMS06184 B07GP2KQNJ ParentDethan Womens Suede Pointed Toe Thin High Heel Wedding Bridesmaid Party Prom Shoes Dress Pumps B07GNJP8RF ParentAdeeSu Womens Solid Platform Casual Urethane Pumps Shoes SDC05615 B07GP52Y4N Parent , Dethan Womens Suede Leather Pointed Toe Thin High Heel Evening Party OL Dress Pumps Club Bridal Wedding Shoes B07GNB6SP5 Parent , Y2Y Studio Women’s Court Shoes Brown Size: 2 B07GPMYGQG Parent , Aimint Womens Round-Toe Chunky Heels Buckle Urethane Pumps Shoes EYR00245 B07GN6KT5N ParentRAZAMAZA Women Fashion Flatform Loafers Shoes Slip On B07GPW4H2D ParentPure Silk Pork Floor Mop Fixed Handle B07GMQ6LTD ParentTAOFFEN Women Comfort Low Heel Pumps Shoes B07GQF7164 Parent , AdeeSu Womens Solid Casual Travel Urethane Pumps Shoes SDC05621 B07GQ2KQTC Parent , RAZAMAZA Women Fashion Strange Heel Slip On Court Shoes B07GQLSHP5 Parent , AdeeSu Womens Fringed Dress Platform Urethane Pumps Shoes SDC05607 B07GNSM8YG Parent , AdeeSu Womens Bows Platform Pleated Urethane Pumps Shoes SDC05632 B07GQNJZ35 Parent , Aimint Womens Bead Square Heels Rhinestones Urethane Pumps Shoes EYR00262 B07GQPRCSH Parent ,

Time limit is exhausted. Please reload CAPTCHA.

1TO9 Womens Assorted Parent Colors Bows Womens Tote-Style Urethane Pumps Assorted Shoes MMS06139 B07GLJ2CK9 Parent c6d2567 - salonsevendallas.com