MBT Black Sandals 900001-03L Nakuru W Parent Black B07B9DR4XW W Parent 78ce7e1 - 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.”

MBT Black Sandals 900001-03L Nakuru W Parent Black B07B9DR4XW W Parent 78ce7e1

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 *

Calvin Klein Women's Mabel Slide Sandal B06Y63J9MR Parent , Nine West Women’s Taha Synthetic Heeled Sandal B072VM8M4W ParentNine West Women’s Parlanda Metallic Heeled Sandal B076FLBX6V Parent , Nine West Women’s Parlanda Leather Heeled Sandal B076FNM3WH ParentNine West Women’s Zebree Suede Heeled Sandal B076J18RQ9 Parent , Nine West Women’s Jorgapeach Leather Wedge Sandal B076HKWW6N ParentNine West Women's Ailamina Metallic Heeled Sandal B077W3BQBW ParentNine West Women’s Incheck Leather Heeled Sandal B076KV8QP9 Parent , Nine West Ailamina Suede, Women’s Heeled Sandal B077YL4VWY Parent , Nine West Women’s Exuberate Fabric Sandal B077YNPP3Z ParentNine West Women’s Mydebut Leather Heeled Sandal B077YNPP41 Parent , Nine West Women's Lynton Synthetic Heeled Sandal B07856WTWR ParentNine West Women’s Ailamina Leather Heeled Sandal B07856YF68 ParentNine West Women’s Exuberate Leather Sandal B0785P5D59 Parent , Gioseppo Sandals and Slippers for Women, Colour Pink, Brand, Model Sandals and Slippers for Women 44086G Pink B07BK3M97Z Parent , Betsey Johnson Women’s Sedona Heeled Sandal B07BMDH323 Parent , Solillas Womens Cream Lilia-Tribal Ankle Tie Sandals B07D37BMQ3 ParentSolillas Women's Original Menorcan Sandals Black Leather Studs 8 UK Women/41 EU B07F7T9LN4 Parent , Men/Women Birkenstock Arizona, Unisex-Child Sandals B00UJPA72C Parent elegant Selected materials Outstanding styleWomen's Shoes PU Spring Summer New Sandals Chunky Heel Sandals Heteromorphic Heel Sandals Ladies High-heeled Sandals... B07CTDGVV8 Parent , Skechers Women’s Vinyasa - Beach League T-Bar Sandals B077BXGDS9 Parent , Ancient Greek Style Leather H Sandals Roman Handmade Womens Slide Slip-on Shoes Gladiator Spartan Hermes Summer... B07CZNNXVS ParentBirkenstock Papillio by Mykonos, Women's Sandals B00KQEFRVW ParentHÖGL Women’s 3-10 7840 0100 Wedge Heels Sandals B01M1A9E3B Parent , Neosens Women’s S505 Fantasy Floral Black Cortese Sandals Flat Platform B01N4AKCE6 Parent , Sioux Women’s Enisa Gladiator Sandals, Beige B01NCQUA61 Parent , Marc Fisher Women's F-AMINA28 Sandal B078S5RR3M Parent , Sam Edelman Women’s Gio Slide Sandal B0774JGZ1Y ParentVince Camuto Women's Korthina Dress Sandal B01MYN071C Parent

Time limit is exhausted. Please reload CAPTCHA.

MBT Black Sandals 900001-03L Nakuru W Parent Black B07B9DR4XW W Parent 78ce7e1 - salonsevendallas.com