Unbekannt nhta-30295 Women's Fashion Sandals Sandals White White White Parent B06XY82W5B 4acc351 - 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.”

Unbekannt nhta-30295 Women's Fashion Sandals Sandals White White White Parent B06XY82W5B 4acc351

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 *

GAOLIXIA Women's Shoes Spring New Casual Shoes Pu Comfortable Heightening Shoes Black White Parent B07BRLY9VQFrye Women’s Ivy Mule Sneaker Parent B074QTYCBM , FALAIDUO Women British Bow Square Head Retro Autumn Winter Low Cut Thick Heel Single Shoes Shallow Mouth Shoes Parent B07GDRMXWFGumbies - Adult Aqua Shoes (UK 7, Pink) Parent B00BSV76HA , Miu Miu Sneakers Women - Leather (5E732BNAPPA18) UK Parent B07FM4GDSTSUPERGA woman sneakers low S008BH0 F05 2750 FABRICW BAHAMAS Parent B00VAPLPFIHigh Quality ED-001 Bike Bicycle Aluminum Alloy Water Bottle Cage Holder Parent B00O12GWBYLico Malediven, Women’s Beach & Pool Shoes Parent B00CP2SPHGCapezio CG19 Cadence Tap Shoe Parent B00YXYH1X8Tod's Sneakers in Leather, Womens. Parent B07C6FRKYFGumbies - Adult Aqua Shoes (UK 5, Pink) Parent B00BSV76I4 , Gola Women’s Orchid Shimmer Velcro Trainers Parent B07FJFHSDR , Ash Women's DAZED04BLDBORDEAUX White Leather Sneakers Parent B0799R9YCYLvYuan ggx Women's Heels Comfort PU Spring Summer Casual Comfort Yellow Black 3in-3 3/4in, yellow, us5/eu35/uk3... Parent B074CYF4D4 , Vans U Authentic, Unisex Adults’ Low-Top Trainers Parent B008CUJLNMCasual Sneakers Shoes, Thick Bottom Cakes and Casual Shoes - Women's Spring Flatform Shoes Solid Wild Round Toe... Parent B07B76LSTLNira Rubens Women's Martini in Cloud Leather and Diamond Star Sneaker. Parent B079BPKTVB , T.T-Q Women's Dance Shoes Leather Ballet Heels Low Heel Black Pink Red Latin Sandals Salsa Jazz Tango Swing Practice... Parent B07DLXMF93 , Man's/Woman's Ash Women’s Next Sneaker Parent B078SN23GT Fashion pattern Lush design Elegant and stable packagingSkechers Gratis Aftermath Womens Bungee Sneakers Parent B00DY93HEUSteve Madden Women’s Nyssa Sneaker Parent B072FLG3PYadidas Women’s Gymnastics Shoes 3.5 UK Parent B01LXC3L6C , PREMIATA Women’s Scarlett 3491 Low-Top Parent B07HH7D1HZFashion soft bottom leather cross strap metal buckleNon Customizable Women's Dance Shoes Flocking Flocking Modern... Parent B073ZCPCWH , Ash - Nina Trainer Shoe, Pearl, 6 (39) Parent B0793RSYFXAsh - Nina Trainer Shoe, Pearl, 5 (38) Parent B0793SJR91Ash - Nina Trainer Shoe, Pearl, 3 (36) Parent B0793RM741 , Philippe Model Women's MCGLCAK03075E Black Leather Slip On Sneakers Parent B07B4LCHWP , Converse Ct All Star, Women’s Low-Top Sneakers Parent B00FS6K40W

Time limit is exhausted. Please reload CAPTCHA.

Unbekannt nhta-30295 Women's Fashion Sandals Sandals White White White Parent B06XY82W5B 4acc351 - salonsevendallas.com