AgooLar Solid AgooLar Women's Low-Heels Solid Buckle Soft Buckle Leather Open Toe Sandals B01IEDTJMY Parent ef75757 - 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.”

AgooLar Solid AgooLar Women's Low-Heels Solid Buckle Soft Buckle Leather Open Toe Sandals B01IEDTJMY Parent ef75757

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 No-Heel Comfort Buckle Cow Leather Sandals B01ISCHPQI Parent , 1TO9 Girls American Muffin Buttom Outdoor Polyurethane Sandals B01IRFO2XA Parent , Aisun Women's Stylish Gladiator Hollow out Buckles Flat Long Sandals Boots B01ITCKTDS Parent1TO9 Girls Glass Diamond Pointed-Toe Polyurethane Sandals B01ISCHPRC ParentAdee Girls Jewels Peep-Toe Mary-Jane Suede Sandals B01IVTGODI Parent , 1TO9 Womens Rain Metalornament Polyurethane Sandals B01IUN05M6 Parent , 1TO9 Womens Buckle Solid Peep-Toe Polyurethane Sandals B01IX35V9U Parent , Adee Girls Slip-Resistant Low-Heels Leather Sandals B01IVTI6R0 Parent1TO9 Girls Kitten-Heels Studded Rivet Fashion Soft Material Sandals B01J0JSZPI Parent , 1TO9 Womens Platform Height Chunky Heels Soft Material Sandals B01J0JQ56O ParentAisun Women's Elegant Sequined Bow Knot Peep Toe Low Top Wedge Heel Sandals B01J1KDYKC Parent1TO9 Womens Bowknot Printing Color Matching Thick Bottom Heel Soft Material Sandals B01J2SO1J6 Parent , Odomolor Women's Denim Solid Buckle Split Toe Low Heels Sandals B01J3QD5GM ParentOdomolor Women's Zipper High Heels PU Solid Open Toe Sandals B01J3Q9494 Parent , Odomolor Women's Buckle Open Toe Kitten Heels Solid Sandals B01J3QDFY4 ParentOdomolor Women's Kitten Heels Solid Buckle Open-Toe Sandals B01J3QFJHU Parent , Odomolor Women's Pu High-Heels Open-Toe Solid Buckle Sandals B01J3QHRWU Parent , AllhqFashion Women's Buckle Open Toe Low-heels Imitated Suede Solid Sandals B01J3TNPDM ParentAllhqfashion Women's Solid Soft Material Kitten-Heels Buckle Open Toe Platforms & Wedges B01J5E14C4 ParentAllhqFashion Women's Buckle Open Toe High-Heels Blend Materials Solid Heeled-Sandals B01J5E1DJI ParentAllhqFashion Women's Buckle Open Toe High-Heels Imitated Suede Platforms & Wedges B01J5E1C4E Parent , AllhqFashion Women's Low-heels Soft Material Assorted Color Zipper Open Toe Sandals B01J5E1IHK Parent , AllhqFashion Women's Zipper Low Heels Blend Materials Solid Open Toe Wedges-Sandals B01J5E1LT0 ParentAllhqFashion Women's PU Assorted Color Hook-and-loop Open Toe Kitten-Heels Platforms & Wedges B01J5E1YLA ParentAllhqFashion Women's Frosted Buckle Open Toe Kitten-Heels Solid Platforms & Wedges B01J5E1XDY Parent , AllhqFashion Women's High-Heels Soft Material Solid Hook-and-loop Open Toe Heeled-Sandals B01J5E21QM ParentAllhqFashion Women's Frosted Hook-and-loop Open Toe Low-heels Solid Wedges-Sandals B01J5E1ZVO ParentAllhqFashion Women's PU Assorted Color Buckle Open Toe Low-heels Sandals B01J5E2EJQ ParentAllhqFashion Women's Kitten-Heels Soft Material Solid Buckle Open Toe Sandals with Gem B01J5E23SI Parent ,

Time limit is exhausted. Please reload CAPTCHA.

AgooLar Solid AgooLar Women's Low-Heels Solid Buckle Soft Buckle Leather Open Toe Sandals B01IEDTJMY Parent ef75757 - salonsevendallas.com