MINITOO QJ7036 Women's Fashion Strappy Brown Brown 6197 Suede Ballroom Latin gamesworld-6193 Tango Dance Shoes 4 M UK Parent B01M4PHZU7 952559c - 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.”

MINITOO QJ7036 Women's Fashion Strappy Brown Brown 6197 Suede Ballroom Latin gamesworld-6193 Tango Dance Shoes 4 M UK Parent B01M4PHZU7 952559c

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 *

Mr/Ms SOLESISTER Bree Sandals Blue Parent B072L7DYZB economic Fine art Strong heat and heat resistance , Softinos Women’s Isleen Hi-Top Trainers Parent B06XWS635M , Geox Women’s D Kaula C Slip On Trainers Parent B0792FK73K , TONY WILD Women's Trainers GOLD/ BROWN Parent B0743BYVFB , CHAQLIN Fashion Shoes Woman Platform Swing Wedge Slimming Walking Sneakers Parent B076F8HQND , Nero Giardini Sneaker Women Black a616182d-100 – Black Gardens Parent B01LZ9FHP0 , Byjia Women'S Latin Dance Shoes Glitter Kid Children Chunky Heel Leather Cow Suede Tango Ankle Strap Buckle Ballroom... Parent B072PV22S3 , Hub Women’s Vermont N30 Hi-Top Trainers Parent B0719MZX6K , Women Originals Superstar Shoes (9 B(M) US) Parent B076HVRSL9 , Puma Womens Eskiva Low Shoes, Whisper White/Black, Size 6 Parent B010FRS99QWomen Originals Superstar Shoes (9.5 B(M) US) Parent B076KWTWZ4Steve Madden Women's Even Fashion Sneaker Parent B01NA9U327Adidas SUPERSTAR W womens fashion-sneakers AC7162_8.5 - FOOTWEAR WHITE/BURGUNDY/FOOTWEAR WHITE Parent B076KR4NYG , J Slides Women's Cali Fashion Sneaker Parent B01IPZQKA0 , Dwindle Women's Rise Skateboard Shoe Parent B00R37NUB4Nike Air Max Plus SE Women's Trainer (4.5 UK) Parent B001KUGFXKNike Accuracy Woven Pant Women Parent B06Y4792DL , Nike Air Max Plus SE Women's Trainer (6.5 UK) Parent B06Y3W39SW , MINITOO Ladies TH003 Mary Jane Style Gold Satin Wedding Ballroom Latin Taogo Dance Sandals 5 UK Parent B00TDG3072MINITOO Ladies TH003 Mary Jane Style Gold Satin Wedding Ballroom Latin Taogo Dance Sandals 4 UK Parent B00TDG2YF6MINITOO Ladies TH003 Mary Jane Style Gold Satin Wedding Ballroom Latin Taogo Dance Sandals 2.5 UK Parent B01CX4XAJ8MINITOO Ladies TH003 Mary Jane Style Gold Satin Wedding Ballroom Latin Taogo Dance Sandals 8 UK Parent B00TDG35SQMINITOO Ladies TH003 Mary Jane Style Gold Satin Wedding Ballroom Latin Taogo Dance Sandals 5.5 UK Parent B01CX4XELWMINITOO Ladies TH003 Mary Jane Style Gold Satin Wedding Ballroom Latin Taogo Dance Sandals 3.5 UK Parent B01CX4XBP6 , MINITOO Ladies TH003 Mary Jane Style Gold Satin Wedding Ballroom Latin Taogo Dance Sandals 7.5 UK Parent B01CX4XHJGMINITOO Ladies TH003 Mary Jane Style Gold Satin Wedding Ballroom Latin Taogo Dance Sandals 6.5 UK Parent B01CX4XG6A , Ash Women's LEGEND01 Black Fabric Hi Top Sneakers Parent B079N9TL3H , Ishikawa Women's ISD473BLACK Black Leather Sneakers Parent B07GC5MCJQ , Adidas Women's Stan Smith W Originals Casual Shoe Parent B0748X3BTH

Time limit is exhausted. Please reload CAPTCHA.

MINITOO QJ7036 Women's Fashion Strappy Brown Brown 6197 Suede Ballroom Latin gamesworld-6193 Tango Dance Shoes 4 M UK Parent B01M4PHZU7 952559c - salonsevendallas.com