Ikrush Womens nhta-29254 Kaylie Gold Stud Knee High Stud Boots 29254 B078S8WVHG Parent 5ac94b7 - 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.”

Ikrush Womens nhta-29254 Kaylie Gold Stud Knee High Stud Boots 29254 B078S8WVHG Parent 5ac94b7

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 *

Agodor Womens Platform Block Heel Over The Knee High Boots Closed Toe Buckle Warm Winter Long Shoes B0791DYYQ1 Parent , Aisun Women's New Round Toe Buckle Chunky Heels Boots Shoes B07929K1QN Parent , Aisun Women's Chic Faux Suede Round Toe Slip On Booties B07928RNJQ Parent , G&G TOP Tom 9603 D Boots After SKI Women B0792H4ZJ5 ParentBlowfish Women’s Singe Ankle Boot B0792C63SQ Parent , Agodor Womens Platform High Block Heel Mid Calf Boots With Zip Closed Toe Glitter Winter Shoes B0792LMZ8B Parent , Easemax Women's Fashion Faux Suede Pull On Round Toe Low Wedge Heels Ankle Boots With Bows B0793PB9QS ParentMr/Ms c&jo Women’s Boots B07948MRWD Parent Strong heat and wear resistance Beautiful professional design , SendIt4Me Black Pointy Toe High Heel Shoe Boots/Ankle Boots With Elastic Side Panel B0793S5F92 Parent , Obsel: Scarpe&Scarpe - Zeppe Donna B0794DXT4J ParentMarina Seval Scarpe&Scarpe - Stivaletti alti Donna B0794DKSWY ParentEstradà Scarpe&Scarpe - Stivaletti alti Donna B0794FC9W3 Parent , Fergalicious Womens Dina Fabric Closed Toe Knee High Fashion Boots B0794G3CWR ParentAlesya Scarpe&Scarpe - Zeppe Donna B0794K2M3G Parent , Lilley Womens Black Frill High Leg Boot B0798TKZFQ Parent , Kelly& Katie Womens Balantina Round Toe Ankle Chelsea Boots B079BYVJCR Parent , City Walk Women's Boots Beige Olive B079CTN14B Parent , PUBLIC DESIRE Universe Boots Pink B079CY7NR8 Parent , Man's/Woman's Sole Loretta Boots Black B079D48K4L Parent economic Let our goods go to the world A balance between toughness and hardnessPUBLIC DESIRE Bermuda Boots Black B079D4KC6K ParentKrush Knee High Flat Boots Riding Style Black B079DTJL2B ParentMen/Women Sole Estella Boots Black B079FLNS62 Parent Comfortable feeling Beautiful a lot of varieties , Indigo Rd... Womens Treaty Pointed Toe Knee High Fashion Boots B079GRHSKX Parent , BCBGeneration Womens KREW Almond Toe Ankle Fashion Boots B079KC78QC Parent , New Ladies Knee High Boots Black Military Boots Low Heel 3-8 B079KLFQN1 ParentLasdies Womens Knee High Boots Grey Size 3-8 B079KLKWHB ParentLunar Ladies Coast FLC105 Peep Toe Low Heel Punched Upper Bow Summer Shoe In Beige Size 3 To 8 B079MBM2GB Parent , White Mountain Womens Tivia Fabric Closed Toe Mid-Calf Cold Weather Boots B079MCBGH8 Parent , Call It Spring Womens Metaponto Peep Toe Ankle Fashion Boots B079N8QXCY Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Ikrush Womens nhta-29254 Kaylie Gold Stud Knee High Stud Boots 29254 B078S8WVHG Parent 5ac94b7 - salonsevendallas.com