Allhqfashion B07HHRTMH9 Women's Open Toe Buckle Pu Low-Heels Sandals,FBULD012259 Low-Heels Pu B07HHRTMH9 Parent dfa9947 - 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.”

Allhqfashion B07HHRTMH9 Women's Open Toe Buckle Pu Low-Heels Sandals,FBULD012259 Low-Heels Pu B07HHRTMH9 Parent dfa9947

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 *

Gentleman/Lady L9539MC-6 Pink/Multi Casual B01NBF0GOE Parent elegant First quality Outstanding function , Divaz Womens Slip on slingback Sandals Style Nicosia Colour White sz 36-41 New B01ND40DFG ParentCoolcept Women Fashion Singal Strappy Ankle Strap Party Sandals Stiletto B01NH50N7L Parent , Ladies Glitter Sparkle Finish Mule Sandals. Micro Fibre Footbed B06XCZPLB6 ParentDolcis Ladies Thong Flip Flop Beach Sandals Slippers B06XJQ436G ParentBoulevard Ladies Elasticated Jewelled Halter Back Sandal B06Y2WX8KG Parent , Inblu Wedge Sandals Slip On Leather Lined Flower Open Toe Soft Beach Womens B06Y3MR65F ParentWomen's Roman Skull Cross T-Strap Rhinestone Gladiator Flat Thong Sandals B0711BBSTQ Parent , ShuWish UK London Red Faux Suede Ankle Strap Platform Peep Toe High Heels B071SF849F Parent , Carolbar Women's Concise Casual Wedge High Heel Platform Buckle Sandals B071JDQG8Q ParentSHOWHOW Women's Trendy Ankle Buckle Strap Mid Chunky Heel Open Toe Sandals with Rhinestones B073JGDYLJ Parent , Aisun Women's New Kitten Heels Sandals With Buckle B073JJR799 ParentSHOWHOW Women's Stylish Faux Suede Mid Chunky Heel Ankle Strap Open Toe Zip up Sandals B073P7M5QP ParentWentsven Women's Thong Flat Beach Summer Beaded Jeweled Sandals B07D4G7ZZ1 Parent , Down To Earth Ladies Wedged Summer Sandals B076QCGJMT Parent , Man's/Woman's Oakley Frogskin Sandals B01MU6WE8O Parent use Let our products go to the world King of the crowd , Cipriata Ladies Toe Post Flower Trim Mule Sandal B079ZV8Z77 Parent , Wentsven Women's Thong Jeweled Heels Wedge Platform Sandals B07D4GGG4J Parent , Fuchia boutique Women’s Tie Up Black Suede Espadrille Platform Wedges Summer Sandals 3 4 5 6 7 8 B07B9KP7DZ Parent , Honeystore Women's Mid-heel Stylish Open-toe Sandals Stiletto Heels B01GJ36GJA Parent , Linzi CARA - Taupe Suede Slip On Cork Wedge with Velcro Crossover Front Strap B07BN2B7YX ParentRoxy Women’'s Bermuda Flip Flops B06WWQJ4WB ParentMan's/Woman's Cotswold Womens/Ladies Highworth Sandals B07C4P9QMB Parent Online Shopping Good market Fashion dynamicAnimal Womens Missy Thong Sandals B00HA3B31A Parent , TAOFFEN Women Kitten Heel Sandals Open Back B07CKKS216 ParentLinzi Naomi - Mocha Nappa Block Heeled Sandal with Double Ankle Strap B07978LF1G Parent , Vertvie Women's Beads Owl Flat Bohemia T-Strap Elastic Slingback Thong Sandals (38 EU, Red) B01IHKS5G0 Parent , Aisun Women's Daily Ankle Strap Mid Chunky Heels Sandals B07D59R7KD Parent , Wentsven Womens Sandals Slip On Beaded Flat Beach Thong Sandles B07D4G8HRS Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Allhqfashion B07HHRTMH9 Women's Open Toe Buckle Pu Low-Heels Sandals,FBULD012259 Low-Heels Pu B07HHRTMH9 Parent dfa9947 - salonsevendallas.com