Puma Womens Eskiva Low Shoes, 6 Shoes, Whisper White 30284/Black, Size 6 Parent B010FRS99Q f08a09d - 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.”

Puma Womens Eskiva Low Shoes, 6 Shoes, Whisper White 30284/Black, Size 6 Parent B010FRS99Q f08a09d

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 Tan Nude Flesh Suede Sole Character Stage Showtime 2" Heel Dance Ballroom Shoes All Sizes By Katz Dancewear Parent B01G5F5I3M , adidas Athletic Sports Shoes High Jump Adizero HJ Unisex Q34081 Parent B00TLW4KC2Joma Aguila GOL, Unisex Adults’ Football Boots Parent B01IRLLAWK , Philippe Model Women's THLDFN02 Gold Sequins Sneakers Parent B07HGHQCRJ , Salomon Women's Sense Colors Casual Shoe,Blur Blue/Deep Blue/Fluorescent Pink,8 M US Parent B00D3QE0WM , adidas Women's Swift Run Casual Shoes Womens B37716 Parent B07FPZGRVJSkechers D'Lites Now and Then Parent B07FQQZZ1R , PLOT❤Halloween Costumes for Girls Boys Romper+Pants+Hat+Headband Clothes Outfit 0-2T Parent B07H3XQ8D6PUMA Women's Eskiva High Remaster Birch/Winetasting Sneaker 7 B (M) Parent B01A82D7R2 , COLMAR 042 DUREN FUTURE WOMEN'S SHOES SNEAKERS NEW COLLECTION SPRING SUMMER 2016 FABRIC 042 DUREN ORANGE FUTURE... Parent B01CL4V5J2FRAU 40S6 Black women shoes sneakers slip-on elastic skin Parent B06XMT2LMC , HIPPOSEUS Women's Satin Latin Dance Shoes Ballroom Shoes,Model UK101 Parent B074LP6CHW , Romika Icaria 06, Women’s Hi-Top Slippers Parent B06XYSL8WZSkechers Womens Flex Appeal Spring Fever Trainers Parent B00GOXXULI , Supra Womens Skytop, Women Hi-Top Sneakers Parent B00LU1F184Think! Women’s 6-86040-57 Low-Top Sneakers Parent B01B64RB96s.Oliver Women’s 25215 Low-Top Sneakers Parent B01F76D06C , Man's/Woman's Scarpa Margarita Leather Parent B00XW82OYM Modern and elegant fashion Highly praised and appreciated by the consumer audience As of the latest model , Nine West Women's Garza Leather Boat Shoe Parent B01N8W71OGCrime London Women's 25549KS151 Gold Leather Sneakers Parent B07CW3GJPPBogner Women’s New Salzburg 15b Trainers Parent B01M7SSM5WSneakers Women DC Tonik W SE Sneakers Women Parent B06XCXWTL5Skechers Women’'s Bikers-Knit Happens Sneaker Parent B01NAH9O14 , Hogan Women's Trainers silver silver Parent B06ZYD54DW , ara Women’s ROM-STF 12-44487 Hi-Top Trainers Parent B072J3HYN4ITTXTTI Ms. Sandals Summer Hole Shoes Hollow Plastic Crystal Jelly Shoes Flat Heel Sandals Flat Sandals, 39,... Parent B07DVLQPMLHogan Women's Trainers Silver Silver Silver Size: 5.5 Parent B076ZQ46S7Golden Goose Women's G33WS590L68 Green Leather Sneakers Parent B07HGHMNG9 , Geox Unisex Adults' J New Savage B Hi-Top Trainers Parent B071S5F7LZ

Time limit is exhausted. Please reload CAPTCHA.

Puma Womens Eskiva Low Shoes, 6 Shoes, Whisper White 30284/Black, Size 6 Parent B010FRS99Q f08a09d - salonsevendallas.com