Kappa B07792D97S Unisex Kappa Adults' Flair Trainers Parent Parent B07792D97S 77853bc - 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.”

Kappa B07792D97S Unisex Kappa Adults' Flair Trainers Parent Parent B07792D97S 77853bc

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 *

Gentlemen/Ladies Gabor 73.752 Womens Sneakers Parent B0744YP72Z Every item described is available Latest styles Recommended today , Hi-Tec Women's Cherubino Mid Waterproof Fashion Sneaker Parent B00AU56LBMRear zip ladies sandals, rivets, flat bottom, large size women's shoes Parent B072VJLH73Vionic Women’s Kea Orthotic Trainers Parent B018VL0T1ENIKE Men’s Superfly 6 Club NJR Tf Footbal Shoes Parent B0789TCHSN , adidas Women’s Ligra_5 Volleyball Shoes Parent B072FP437SReebok Women’s Trainflex 2.0 Fitness Shoes Parent B07895SHFCThiKin Cool Funny 3D Floral Printed Unisex Tennis Shoes Sport Sport Shoes Men Sneakers Parent B07GL6JP9X , Gentleman/Lady Skechers Women's H2 Go Parent B07F23MVV3 Modern technology High-quality materials negotiation , Lacoste Womens Off White Lt Fit 118 2 Trainers Parent B0788XZ979Skechers Women’s 15071 Fitness Shoes Parent B073GGQ3BSNew Balance Women's 515 Classics Running Shoe Parent B01N7LWS9O , Women‘s Shoes Sneaker Breathable Casual Trainers Damping Athletic Shoes Lightweight Mesh Trainers Shoes,black... Parent B07HGQK4VHGeox D New Club B, Women’s Trainers Parent B010ELI51AConverse Chuck Taylor All Star Lo Top Aegean Storm/Gold Parent B075TFJFHWRyka Women’s Adella Fashion Boot Parent B01NB15QOXSlippers HAIZHEN Women shoes Female cartoon cork Beach shoes sandals for 18-40 years old for Women (Size : EU39... Parent B074P6XHLYLacoste Women’s Ziane Bl 2 SPW Trainers Parent B01L02KUX8 , CLARKS Women's Step Move Jump Sneakers (Navy,9.5M) Parent B07CN59XRVRTRY Women'S Sandals Comfort Leatherette Summer Casual Comfort Flower Flat Heel Translucent Heel White Black Black... Parent B074CZ4YSW , Lotto R8533 Sport Shoes Women Parent B01CJQZORQ , Kappa Unisex Adults' Bash Trainers, Black Parent B07792D99K , LIUXINDA-XZ Summer tide Summer high heels, cool slippers, ladies' fashionable shoes, slippers, muffins, towels... Parent B07D27YT4ZLunar Womens Florence Glitzy Gem Trimmed Toe Post Old, Pewter Or Silver. Sizes 3/36, 4/37, 5/38, 6/39, 7/40, 8/41 Parent B079CP45VW , Converse Women's Chuck Taylor All Star Fringe Hi Top Sand Dune/Egret (5) Parent B01CGWTBUYBTBTAV Summer High Heels Cool Slippers Ladies' Fashionable Shoes Slippers Muffins Towels And Bow Shoes.UK 6.5... Parent B07DLTLLV4 , Man/Woman Dino BIGIONI - DBW15061 Parent B0728893GX Crazy price buy businessOnitsuka Tiger Unisex Serrano Sneaker Parent B0798VB8HFGLTER Women Peep Toe Pumps European 11 CM High-heel Shoes Platform Sandals OL Single Shoes Parent B074F21L4L

Time limit is exhausted. Please reload CAPTCHA.

Kappa B07792D97S Unisex Kappa Adults' Flair Trainers Parent Parent B07792D97S 77853bc - salonsevendallas.com