Tahari nhta-29092 Women's Ta-Fitzy Ta-Fitzy Wedge Sandal Tahari B01MQK474Z Parent e877f07 - 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.”

Tahari nhta-29092 Women's Ta-Fitzy Ta-Fitzy Wedge Sandal Tahari B01MQK474Z Parent e877f07

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 *

FIGURELLI Women's Sandals White Patent Leather AE55 (7 UK / 40 EU) B01N5UYWTW ParentDolce by Mojo Moxy Womens Karachi Open Toe Casual Strappy Sandals B01N5YF523 ParentNine West Women’s Nwdevar Ankle Strap Sandals B01N640PUK ParentNine West Women’s Nwgrinning3 Gladiator Sandals B01N6BZTF5 ParentMen's/Women's Protest DELORYS slaps B01N6J1R6L Parent Good world reputation Sales Italy leading the fashion , Lacoste Promenade Ace 117 1 Caw, Women’s Flip Flops B01N6IW4KU Parent , BCBGeneration Womens Malinda Suede Pointed Toe Ankle Strap Ballet Flats B01N6JJU41 ParentCarlos by Carlos Santana Women's Gilmore Slide Sandal B01N6SWVWU Parent , Tahari Women's TA-Posey Slide Sandal B01N6VAYE9 ParentMTNG Women's Lucia Platform Sandals, Black B01N6UT0FF ParentJOE N JOYCE London SynSoft Mirror Soft-Footbed Sandals Narrow B01N6WQD6C ParentJOE N JOYCE Paris SynSoft Soft-Footbed Flower Sandals Narrow B01N6XQPIQ ParentANNA LELLA Women's Fashion Sandals black black B01N7CJNSX ParentUse-Custom-Brand Womens Myth Faux Fur Open Toe Casual Slide, Grey, Size 8.5 US/6.5 UK US B01N6ZEHVE ParentItal-Design Women's Jazz & Modern B01N7FZ2R3 Parent , Softline Women's 8-8-28360-28-001 Fashion Sandals B01N7NNGQ8 Parent , ZiGiny Women's Gladys Dress Sandal B01N7TSLAF Parent , Cotton Traders Womens Ladies Slingback Loafers E Fit Stone 5 B01N7QG5KT ParentFASCINO DONNA Women's Sandals Leather (5 UK / 38 EU, Black) B01N7XNUS3 ParentBoulevard Womens/Ladies Comfort Toe Post Mule Sandals B01N806B72 Parent , Ivanka Trump Women’s Genese Heeled Sandal B01N8TURZE ParentLucky Brand Women’s LK-Barbina Sandal, Black, US B01N8OQ1K2 ParentLadies Anne Michelle Diamante Heeled Evening Sandals L3375 B01N90ZKGV ParentNine West Women’s Nwxema3 Gladiator Sandals, US B01N94JQUN Parent , Seychelles Women's Beyond Reason Slide Sandal B01N9B5LP6 Parent , Women's Evening High Heels Open Toe Ankle Strap Casual Stiletto Pumps Sandals B01N9FL7GT ParentMan/Woman Ital-Design Women's Closed B01N9HKKZS Parent Charming design buy Contrary to the same paragraphAdrienne Vittadini Footwear Women's Charlene Espadrille Wedge Sandal B01N9HSPMR ParentRider Rx Tong Fem, Women’s Flip Flops B01NAIGWA7 Parent

Time limit is exhausted. Please reload CAPTCHA.

Tahari nhta-29092 Women's Ta-Fitzy Ta-Fitzy Wedge Sandal Tahari B01MQK474Z Parent e877f07 - salonsevendallas.com