MILLET LD Cliffhanger MIG1328 Women Climbing Shoe, Shoe, women's, nhta-29661 MIG1328 B01DYT2FDI Parent d589bcc - 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.”

MILLET LD Cliffhanger MIG1328 Women Climbing Shoe, Shoe, women's, nhta-29661 MIG1328 B01DYT2FDI Parent d589bcc

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 *

Rieker Z6774, Women’s Ankle Boots B00K76C2JY Parent , Rieker Women’s 93157 High Boots B06XW6VXL8 Parent , Aisun Women's New Ankle Top Mid Block Heels Short Boots Shoes B075RYVV8G Parent , Rieker Barbara Womens Casual Boots B072PW2NQZ ParentShoe the Bear Women’s Asta Ankle Boots, Blue B01ESVH9DM ParentFly London Yat, Women's Biker Boots B00J9CSQK6 ParentMarco Tozzi Women’s 25512 Boots B0716XSX63 Parent , Viking Balder, Unisex Adults' Boots B00R6PSWQQ ParentArt Harlem, Women’s Ankle Boots B071HNTJJY Parent , Shoe the Bear Women’s Kitty S Boots B06XRDYZDV Parent , Rocket Dog Women’s Tessa Chelsea Boots B079QKYRZ5 Parent , Fly London Womens Army 955 Suede Boots B074Q5VS1G ParentFranco Sarto Women's L-Quinera Ankle Bootie, Grey, 10 M US B016F0CVJ6 Parent , Geox Women’s D Stardust B Ankle Boots B0792P6P95 ParentFIND Women’s Leather Ankle Boots B079G6L493 Parent , Tamaris Women’s 25374-21 Ankle Boots B07DK3MFQC ParentMERUMOTE Women's Leather Boots, Thin High Heels with Pointed Toe Shoes Spring Winter Knee High Booties B01MXXCYVD Parent , ECCO Touch 35, Women's Chelsea Ankle Boots B00RD96E06 Parent , FIND Women's Ankle Boots Snakeskin Effect in Chelsea Style B06XGZ63LV Parent , s.Oliver Women’s 25335-31 Chelsea Boots B07D7V11GB Parent , Rieker 92513-24, Women's Chukka Boots B00CJXX0MG ParentClarks Everlay Mandy Womens Wide Casual Ankle Boots B01LNOM09A Parent , Rieker Women’s 93158 Ankle Boots B01F3JWLV8 Parent , Marco Tozzi Women’s 25123 Boots B0716XSR86 ParentRieker Women’s 44430 Ankle Boots B07C5D8P54 ParentMen's/Women's Roxy Women’s Darwin Boots B0716WKGV6 Parent High grade Quality First Quality and consumer first , Rocket Dog Women’s Staples High Boots B071VVFTRD ParentVan Dal Women's Dobson II Boots B075NLJFBC ParentBugatti Women’s V8238pr3 Ankle Boots B01HJCS3W8 Parent ,

Time limit is exhausted. Please reload CAPTCHA.

MILLET LD Cliffhanger MIG1328 Women Climbing Shoe, Shoe, women's, nhta-29661 MIG1328 B01DYT2FDI Parent d589bcc - salonsevendallas.com