AdeeSu Urethane Womens Cold Lining Sandals Dress High-Heel Urethane Sandals SLC03806 Dress B07FGVWDKV Parent e9bc17c - 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.”

AdeeSu Urethane Womens Cold Lining Sandals Dress High-Heel Urethane Sandals SLC03806 Dress B07FGVWDKV Parent e9bc17c

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 Solid Non-Marking Nubuck Urethane Sandals MJS03200 B07FH86Z7Q Parent , AN Womens Non-Marking Mini-Size Fashion Urethane Sandals DIU00876 B07FH86ZCR Parent , Flower Peep Toe Mid Heel Strappy Gladiator Roman Wedge Sandals B07FH87L8R Parent , 1TO9 Womens Firm-Ground Oversized AssortedColor Urethane Sandals MJS03181 B07FH87M1D Parent , AN Womens Cold Lining Dress Non-Marking Urethane Sandals DIU00884 B07FH87M4L Parent , ZHXUANXUAN Women's Clip Toe Sandals Rhinestone Beads Summer Flats Open-Toe Sandals with Ankle Elastic Band B07FH87Z8Z Parent , ZHXUANXUAN Sandals,Women's Fashion Sweet Beaded Clip Toe Flats Bohemian B07FH88VXP Parent1TO9 Womens Toggle Non-Marking Water_Resistant Urethane Sandals MJS03185 B07FH88WQ2 Parent , AN Womens Non-Marking Cold Lining Dress Urethane Platforms Sandals DIU00944 B07FHLLR9N ParentAN Womens Nubuck Comfort Non-Marking Urethane Sandals DIU00947 B07FHKY177 Parent , AN Womens Dress Cold Lining Solid Urethane Platforms Sandals DIU00941 B07FHLW9SW ParentImpronte IL181530 Wedge Sandals Women B07FHLSPG2 ParentCoolcept Women Fashion Cut Out Sandals Peep Toe Summer Shoes B07FHLZ3T4 Parent , AN Womens Waterproof Dress Non-Marking Urethane Sandals DIU00950 B07FHLYTH3 ParentAN Womens Non-Marking Fringed Fashion Urethane Sandals DIU00949 B07FHM1TPY Parent , Office San Antonio Two Part Sandal B07FHLZYB5 Parent , Ladies sandals, buckles, sandals, sandals and sandals,Apricot color,Thirty-nine B07FHXM2LL ParentLadies' sandals, water drill, sandals, sandals, large yards of sandals,blue,Thirty-seven B07FHXM2KS Parent , ZHONGST Women's Summer Sandals Fashion Wild Sandals Casual Soft Sandals B07FHXVR8W Parent , Ladies sandals, high heels, sandals, buckles and sandals,brown,Thirty-three B07FHXP8HZ ParentLadies sandals, high heels, sandals, high heeled sandals, snake skin sandals,Apricot color,Thirty-five B07FHXW2QH Parent , Ladies sandals, high heels, sandals, sandals, fashion ladies, sandals. B07FHXSF2G Parent , Ladies sandals, high heels and sandals B07FHYJ4V9 Parent , Ladies sandals, high heels, sandals, high heeled sandals, snake skin sandals,Apricot color,Thirty-nine B07FHXW2Q9 ParentLadies sandals, sandals, toe sandals, high heels, big yards, ladies' sandals. B07FHYSDLS ParentAisun Women's Stylish Pointed Toe Buckle Sandals Shoes B07FHY99DW Parent , Ladies sandals, fish mouth sandals, sandals, sandals, sandals, sandals, large sandals. B07FHYSFB8 ParentLadies sandals, sandals, sandals, sandals, sandals, and high heels. B07FHYJ4VL Parent , Ladies sandals, high heels, sandals, buckles and sandals,brown,Thirty-five B07FHYSFCD Parent ,

Time limit is exhausted. Please reload CAPTCHA.

AdeeSu Urethane Womens Cold Lining Sandals Dress High-Heel Urethane Sandals SLC03806 Dress B07FGVWDKV Parent e9bc17c - salonsevendallas.com