Evans Women’s Black B06W9KWPB6 Block Open-Toe Evans Heels B06W9KWPB6 Heels Parent a46f757 - 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.”

Evans Women’s Black B06W9KWPB6 Block Open-Toe Evans Heels B06W9KWPB6 Heels Parent a46f757

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 *

Hirschkogel Women’s 3004504 Closed Toe Heels B071VTLVRZ ParentRieker 41756, Women’s Closed-Toe Pumps B00P0SFHXC Parent , Grünland Women’s Sc3647 Platform Heels B072QN1HNP Parent , s.Oliver Women’s 29600 Sling Back Pumps B077713D6W Parent , Gentlemen/Ladies Fornarina Vic, Women’s Ankle-Strap B06XRRXP1J Parent Excellent craft comfortability Full range of specifications , Caprice Footwear Women’s 22406 Closed Toe Heels, Black B01N94XIHP ParentGadea Women’s Silk Closed Toe Heels B071LB5VF5 ParentJenny by ara Auckland, Women’s Closed Pumps B071X9NC5L Parent , Mr/Ms Ruby Shoo Petra (Burgundy) B07253HB1C Parent Queensland Good market Pick up at the boutique , Penny Loves Kenny Women’s Mixed Pump B07CVLHWPX Parent , Grünland Women’s Sc3557 Closed Toe Heels B072QMV66Z ParentSteffen Schraut Women’s 170 Charles Drive Closed Toe Heels B07143XQVZ Parent , Neosens Women’s S535 Restored Skin Ebony/Cynthia Closed Toe Heels B0716NY84Q Parent , Dei Mille Women’s Paul90 Closed Toe Heels B072LYNC13 ParentJANE KLAIN Women’s 243 240 Closed Toe Heels, Black B071DML63P Parent , Bugatti Women’s 412281745900 Closed Toe Heels, Brown (Taupe) B073V4H84B Parent , Grünland Sc3568, Women’s Closed Toe Heels B072K36X69 ParentNR Rapisardi N200, Women’s Closed Toe Heels B0728L9CZF ParentDCHICAS Women’s 2624 Closed Toe Heels B0725Q9HQ8 ParentHirschkogel Women’s 3004509 Closed Toe Heels B072J3V4YW ParentAndrea Conti Women’s 1674518 Closed Toe Heels B071HWDX5W Parent , Kendall + Kylie Kkbrianna, Women’s Closed-Toe Pumps, Black (Black Suede), 4.5 UK (37.5 EU) B077DGJSJJ Parent , Hirschkogel Women’s 1004503 Closed Toe Heels B0723555MD ParentGrünland Women’s Sc3027 Closed Toe Heels B071G8SQJJ Parent , DCHICAS Women’s 4328 Closed Toe Heels B071VSY56K Parent , Royal RepubliQ Women’s Bridge Zip Boot Closed Toe Heels B072R1YB8N ParentAndrea Conti Women’s 3591515 Closed Toe Heels B074RL93Q3 ParentCHATTAWAK Women’s Laurette Ankle Strap Heels B073PD2X4K ParentStonefly Eclipse 3 Pearl/Vel, Women’s Platform Heels B0723GZB9B Parent

Time limit is exhausted. Please reload CAPTCHA.

Evans Women’s Black B06W9KWPB6 Block Open-Toe Evans Heels B06W9KWPB6 Heels Parent a46f757 - salonsevendallas.com