ara Women's Rylee Sneaker, Rylee ara Black Women's Crinkle Patent/Metallic, 6 B(M) US B01LS2OU72 Parent 4141988 - 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.”

ara Women's Rylee Sneaker, Rylee ara Black Women's Crinkle Patent/Metallic, 6 B(M) US B01LS2OU72 Parent 4141988

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 *

adidas Originals Women's Tubular Shadow W Running Shoe, Haze Coral/Light Onix/Black, 6 M US B01LYBAKX0 Parent , adidas Originals Women's Shoes Superstar Fashion Sneakers, White/Sun Glow/White, (10.5 M US) B01LYBANPE ParentNike Women’s Roshe One Low-Top Sneakers B01LYL2XX6 ParentPUMA Women's Basket Platform Iridescent Field Hockey Shoe, White-Bluefish, 10.5 M US B01LYCIERY ParentNIKE Women’'s WMNS Sb Check Solar CNVS Skateboarding Shoes B01LYN0IRM ParentNIKE 849577-501 Trail Running Shoes, Woman, Multicoloured (Purple Dynasty/White / Fire Pink), 43 B01LYMUMJZ Parentadidas Originals Women's Shoes Superstar Fashion Sneakers, White/Sun Glow/White, (7.5 M US) B01LYN4I88 Parentadidas Originals Women's Tubular Shadow W Running Shoe, White/Pearl Grey/Haze Coral, 7 M US B01LYN4F99 Parentadidas Originals Women's Shoes Superstar Fashion Sneakers, White/Easy Mint/White, (5.5 M US) B01LYYQZM7 Parent , Reebok Work RB351 Women's Guide Work Performance Cross Trainer, Black, 6.5 W US B01LYZFVPQ Parent , Men's/Women's Ultra Raptor GTX W B01LZ57MQ0 Parent bargain Stylish and charming The first batch of customers' comprehensive specifications , NIKE Women’s WMNS Sb Check Solar CNVS Skateboarding Shoes B01LZAAOW1 Parentadidas Originals Women's Shoes Superstar Fashion Sneakers, White/Easy Mint/White, (10.5 M US) B01LZAEG93 Parentadidas Originals Women's Tubular Shadow W Running Shoe, White/Pearl Grey/Haze Coral, 6 M US B01LZAEIWD Parentadidas Originals Women's Shoes Superstar Fashion Sneakers, White/Easy Mint/White, (6.5 M US) B01LZAEKIC ParentReebok Work Sublite Cushion Work RB044 Industrial and Construction Shoe, Blue/Grey, 11.5 W US B01LZB3K0D Parent , Reebok Work Sublite Cushion Work RB041 Industrial and Construction Shoe, Black, 6.5 M US B01LZB3MN1 Parent , Reebok Work RB351 Women's Guide Work Performance Cross Trainer, Black, 9.5 W US B01LZB3NRI ParentRoper Ladies Vintage Americana Sq Toe Boots B01LZDUELD ParentNike Women’s 844926-003 Fitness Shoes B01LZIQBUG Parent , adidas Originals Women's Shoes | Superstar Fashion Sneakers, Black/White/Metallic/Gold, 11 M US B01LZM81DE Parent , Reebok Women’s Club C 85 Canvas Running Shoe B01M09NBVV ParentNew Balance - Womens Cushioning WT410V5 Trail Running Shoes B01LZQAPD2 Parentadidas Originals Women's Tubular Shadow W Running Shoe, White/Pearl Grey/Haze Coral, 8.5 M US B01LZXZLAW Parent , New Balance 811v2 Women's Training Shoes - SS17 B01LZWZS8A ParentReebok Work Sublite Cushion Work RB044 Industrial and Construction Shoe, Blue/Grey, 11.5 M US B01LZMWMXW Parent , adidas Originals Women's Shoes Superstar Fashion Sneakers, White/Easy Mint/White, (7 M US) B01LZXZLYL Parentadidas Originals Women's Shoes Superstar Fashion Sneakers, White/Easy Mint/White, (7.5 M US) B01LZXZLYM Parent , Reebok Work Sublite Cushion Work RB044 Industrial and Construction Shoe, Blue/Grey, 11 M US B01LZYO5VP Parent

Time limit is exhausted. Please reload CAPTCHA.

ara Women's Rylee Sneaker, Rylee ara Black Women's Crinkle Patent/Metallic, 6 B(M) US B01LS2OU72 Parent 4141988 - salonsevendallas.com