Mustang Mustang Brown Women's Boots Brown Braun (Kastanie) 6 UK B07DJD21JS B07DJD21JS Parent b61ccd8 - 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.”

Mustang Mustang Brown Women's Boots Brown Braun (Kastanie) 6 UK B07DJD21JS B07DJD21JS Parent b61ccd8

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 *

Lucky Brand Womens Listana Leather Peep Toe Ankle Fashion Boots B07FVMCBJ1 Parent , Men's/Women's SPM 18009297 Womens Booties B07FW2Q2WL Parent Modern technology Win highly appreciated A balance between toughness and hardness , Lacitena Stylish Long-Barreled Knee Boots Ladies Party Wear Sexy Evening Boots B07FY9TCMS Parent , Remonte Women's Boots Black Black B07FW4T1WN ParentMen's/Women's Josef Seibel Steffi 58 B07FW37Z1X Parent Modern technology Let our goods go to the world Lightweight shoesSuperdry Ashton High Chelsea Boot B07FW9ZD7G ParentMANGO Women's Zipped Leather Ankle Boots 33063719 B07GBFXDW8 ParentGentleman/Lady Gabor 93.735 Womens Booties B07FWBWH27 Parent Queensland King of quantity Exquisite processing , ALPE Womens Boots, Colour Brown, Brand, Model Womens Boots 3770 11 Brown B07FWT18WZ ParentJosef Seibel Faye 05, Women’s Boots B07FXPVDY8 Parent , PITILLOS Women's 5220 Boots Black B07FT6T45W Parent , Josef Seibel Womens Nappa Almond Toe Ankle Fashion Boots B07FY9CB9D ParentCitior Womens Ladies Boots Womens Ladies Low Heel Round Toe Closed Toe Boots B07FW9XYFD ParentDesign e More Women's Boots B07FY9YXYH ParentPITILLOS Women's 5249 Boots Black B07FV4L9BH ParentZZY Adult Flash Skates Double Row Adjustable Size Roller Skates Quad Boots Skating Women and Men B07FYFJ3C4 ParentAttribute London Phoenix Women's Block Heel Fisherman Red Leather Boots UK 4/EU 37 B07G2DF8PK Parent , AnMengXinLing Fashion Ankle Boots Women Block High Heel Platform Patent Leather Pointed Toe Side Zip Cowboy Booties B07FZ9VWNZ Parent , Gentlemen/Ladies Jana 25347 Ankle Boots B07GBTGQF9 Parent We have won praise from our customers. First quality Known for its excellent qualityLacitena New Womens Ladies High Heel Ankle Boots Winter Casual Shoes B07G11RZ38 Parent , Attribute Phoenix Women's Block Heel Fisherman Red Leather Boots, UK 5/EU 38 B07G2C29XS Parent , Amarantos Women Fashion Pointy Toe with Stiletto Heel Knee High Dress Boots B07FZ465CQ Parent , Gentlemen/Ladies Gabor Basic Women's Boots B07G2N8S65 Parent the most convenient luxurious valueLacitena Pearls Pointed Toe Party Footwear Ladies Short Ankle Boots Women High Heels B07FYBC8J1 ParentWomen's Extreme High Heel Thigh Boots,Black-Matt-EU:42=11B(M) US B07GB56CVJ Parent , #Rocket Dog Trumble Black Womens Mid Calf Biker Boots B07G16KFY6 ParentWomen's Extreme High Heel Thigh Boots B07GB5LLSZ ParentCaprice Footwear - Elyse Biker Ankle Boot, Black B07DV8XSD2 ParentZara Women's Metal Piece Ankle Boots 7106/301 B07GB7M79F Parent

Time limit is exhausted. Please reload CAPTCHA.

Mustang Mustang Brown Women's Boots Brown Braun (Kastanie) 6 UK B07DJD21JS B07DJD21JS Parent b61ccd8 - salonsevendallas.com