Sandals Boys' Sandals Shoes Summer Square Baotou head Women's shoes Rhinestone Square Baotou fashion mid heel (Color : Black, Size :... B07GR33Z8W Parent a912f62 -

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.”

Sandals Boys' Sandals Shoes Summer Square Baotou head Women's shoes Rhinestone Square Baotou fashion mid heel (Color : Black, Size :... B07GR33Z8W Parent a912f62

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 *

Yukun High heels Wind High Heel Women'S Shoes Stiletto High Heel Shallow Mouth Pointed Mesh Hollowed Out Thin... B07HH9C756 Parent , Yukun High heels Early Autumn Pointed Thick Heel Shoes Fashion Autumn Rivets High Heels Women'S Wild 10Cm Women'S... B07HJ7KVS5 ParentYukun High heels Sandals Velvet Crystal Twisted Pointed High Heels Fine With Wild Women'S Shoes Tide, 36, Silver B07HJ89Y1S ParentYukun High heels Summer Silver Crystal Pointed Thick With High Heels Sequined Single Shoes Female Word Buckle... B07HJ8FGHR Parent , Yukun High heels Autumn Pointed Stiletto High Heel Shoes Red Toast Shoes Female Chinese Style, 35, Red B07HJ8HKW2 ParentHhGold Cool Slope With Slippers Female Summer Fashion Thick-soled Wear Shoes Drag 2018 heeled Wild Sandals Outdoor... B07HKBDF2H Parent , HhGold High-heeled Shoes Women's Shoes Super High-heeled Shoes 14cm High-heeled Shop Fine With Sexy Fish Mouth... B07HKFJQTT ParentHhGold Cool Slope With Slippers Female Summer Fashion 2018 New Wear Thick Outdoor Joker Muffin Bottom Out Fish... B07HKHRPSS ParentWomen's Shoes High Heels Sandals Buckle Pump Pointed Heel Evening Party Nightclub Banquet Wedding Shoes 9cm (Color... B07HKHSSJ2 Parent , HhGold Sandals Summer New Thick-soled Word Sandals And Slippers Women's Cakes Flat Shoes Dragging Wild Beach Shoes... B07HKJSYRH ParentHhGold Spring and Summer Fashion Scrubs Bowknot Fine Heel Shallow Mouth Ladies Bow Tie Evening Party Nightclub... B07HKL6K4B Parent , HhGold Sandals Summer Slipper Wear Wedges Sandals Thickness Rhinestone Shoes Student Shoes (Color : 2, Size :... B07J6FMC6J Parent , Women's Summer Wedges High Heel Sandals Embroided Comfort Casual Slingback Platform Leather Peep Toe Shoes Party... B07J6HJN9Y ParentSam Edelman Women’s Pandora Heeled Sandal B07CX3PKS2 ParentClarks Women’s Lafley Aletha Platform B072RCCXHK ParentCaprice Women's Sandal 9-28304-112 offwhite B06W2JWVBB ParentBettie Page Women’s Bp250-Tegan Heeled Sandal B07669NQW6 Parent , DKFJKI Women's Sandals High Heels Casual Fashion Breathable Elegant Comfortable Prom B07C4VJT7L Parent , MERUMOTE Women's Sandals with Flat Heel Rivets Decoration for Girls Belts Shoes Sandals B07FF6DHLY ParentLotus Canaan Womens Sling Back Peep Toe Sandals B01N3ALRNO Parent , Clarks Women’s Saylie Jade Sandal B074CML5RK Parent , Fabulous Sparkling 4.5 Inches High Heel Platform Wedding Party Shoes(UK2,Silver) B00L69G6FW Parent , Skechers Cali Women's Parallel Midsummer's Weave Platform Sandal B01MYDUHU8 ParentVionic Womens Pacific Rio Synthetic Sandals B071JW4C1X Parent , Tamaris Women’s 28137 Wedge Heels Sandals B01N026R1O Parent , Yellow Box Women’s Frisky Sandal B0765TN741 ParentEasy Street Women’s Stacy Wedge Sandal B077ZQYXXX Parent , Riva Cartier Striped Womens Casual Closed Back Sandals B06XBRTRV6 ParentCalaier Women Casomeone Closed-Toe 6.5CM Block Heel Slip-on Sandals Shoes B06Y5L3KJK Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Sandals Boys' Sandals Shoes Summer Square Baotou head Women's shoes Rhinestone Square Baotou fashion mid heel (Color : Black, Size :... B07GR33Z8W Parent a912f62 -