Mjus Women’s Boots, 270204-0102-6002 Ankle B01ENFOQWK Boots, Women’s Nero B01ENFOQWK Parent 77d1c2e - 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.”

Mjus Women’s Boots, 270204-0102-6002 Ankle B01ENFOQWK Boots, Women’s Nero B01ENFOQWK Parent 77d1c2e

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 *

Nine West Women's Topple Leather Boot B01EY6GKPE ParentNine West Women's JENA Suede Over-The-Knee Boot B01EXXKY8M ParentNine West Women's Dale Nubuck Boot B01EYHJSI4 ParentNine West Women's Cadence Ankle Bootie B01EYDNXFW Parent , Charles by Charles David Womens Superstar Pointed Toe Mid-Calf Fashion Boots B01EZAV4UA Parent , Rebecca Minkoff Women's Selena Ankle Bootie B01EYQYYJS ParentGentlemen/Ladies XOXO Women's Karol Boot B01F0DVOLU Parent Elegant shape Quality and quantity guaranteed Direct business , CL by Chinese Laundry Women’s Baya Boot, Cognac Burnished, 6 M US B01EZYQ8U2 Parent , SPM Atlas Ankle Boot, Women’s Ankle Boots B01F3FQ0F0 ParentSPM Women’s Calvin 3/4 Ankle Boots B01F1SRN9G Parent , Dockers by Gerli Women’s 39im303-327300 Ankle Boots, Brown, 4 UK B01F4B7JOE Parent , Dockers by Gerli Women’s 39im302-327320 Ankle Boots, Brown, 5 UK B01F4B6NGY Parent , Dockers by Gerli Women’s 39si302-302910 Combat Boots, Grey B01F4BBKIA Parent , Dockers by Gerli Women’s 39im303-327430 Ankle Boots B01F4B8ASI Parent , Lauren Ralph Lauren Women's Genna Ankle Bootie B01F4T2KFO Parent , Kelsi Dagger Brooklyn Women's Darcey Ankle Bootie B01F4F55M8 ParentComfortabel Women’s 961594 Ankle Boots, Beige B01F5Q37QM ParentComfortabel Women’s 961593 Ankle Boots, Grey B01F5Q1EVC Parent , Miz Mooz Women's Bangkok Ankle Boot, Black, 36 EU B01F6B1LLO Parent , Comfortabel Women’s 961595 Ankle Boots, Black B01F5Q3BO0 Parents.Oliver Women’s 25367 Ankle Boots B01F76G80W Parent , s.Oliver Women's 25309 Long Boots B01F76DIU0 ParentTommy Hilfiger Women's Julie Ankle Bootie B01F9I6AQ0 Parent , s.Oliver Women’s 26614 Ankle Boots B01F76MBTE Parent , s.Oliver Women’s 25411 Ankle Boots B01FDMET88 Parent , Adrienne Vittadini Footwear Women's Premiere Slouch Boot B01FAG902W ParentNine West Women's Floating Ankle Bootie B01FENFZ6Q Parents.Oliver Women's 25617 Long Boots B01FDNR6HI ParentThe Flexx Womens/Ladies Give A Lot Elasticated High Wedge Heel Sandals B01FHP2J38 Parent

Time limit is exhausted. Please reload CAPTCHA.

Mjus Women’s Boots, 270204-0102-6002 Ankle B01ENFOQWK Boots, Women’s Nero B01ENFOQWK Parent 77d1c2e - salonsevendallas.com