Lacoste Women’s Carnaby Parent Evo Lacoste Mid 317 1 30258 High-Top Trainers Parent B0724Z2169 1fe715b - 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.”

Lacoste Women’s Carnaby Parent Evo Lacoste Mid 317 1 30258 High-Top Trainers Parent B0724Z2169 1fe715b

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 *

Nike SB Check Solar Canvas Parent B07CY27CKLThiKin Breathable Athletic Mens Colorful Sneakers EVA Soles Sport Shoes Parent B07GH1WKN3 , MIA 2 Women's Ivelise Sandal Parent B00UTFQ4L0Gold 2Star Shoes Women's Yellow Leather Sneaker 35 Parent B074K7ZNPK , Love Moschino Heart Flatform Sneaker Trainers White Parent B078H74LJ7 , NIKE Women’s Pre Montreal Racer Vintage Trainers, Turquoise Parent B072MYZ3B1 , Ladies Open Toe Glitter Front Sandals Parent B015XT3ACW , adidas Originals Women's NMD_R1 Pink/Clear Orange/Clear Orange/Cloud White 8 B US Parent B07888BJKZ , ZHZNVX Women's Shoes Tulle Spring/Fall Comfort Sneakers Creepers Round Toe Purple/Peach / Pink Parent B07H1CPZN2adidas Originals Women's NMD_R1 Pink/Clear Orange/Clear Orange/Cloud White 7.5 B US Parent B07885HFRN , ECCO Women’s Aimee Hi-Top Trainers Parent B071ZGMG3Yadidas Originals Women's NMD_R1 Pink/Clear Orange/Clear Orange/Cloud White 9.5 B US Parent B0788BSGX7xiao123 Modern Female Adult Friendship Waltz Latin Dance Fitness Soft Shoes Brown Five Points with Square Fashion... Parent B07F29PQ5FWXMDDN Female Latin dance shoes adult black dance shoes 5.5cm soft soles indoor dance shoes modern dance shoes Parent B077C3F11SSuperga Unisex Adults' 2750-cotu Classic Trainers Parent B077PXNLGBMan's/Woman's Ipanema Flip-Flops White Parent B01HHJOVM4 Excellent value discount price Easy life , xiao123 Modern Female Adult Friendship Waltz Latin Dance Fitness Soft Shoes Shoes Black Seven Points with Square... Parent B07FH81G8Z , adidas Originals Women's NMD_R1 Pink/Clear Orange/Clear Orange/Cloud White 10 B US Parent B07889Q7KM , Aizeroth-UK Mens Womens Safety Boots Non-Slip Breathable Safety Work Utility Shoes with Steel Toe Cap Anti-Smash... Parent B07GYZ9RSS , Cole Haan Women's Original Grand Perf Fashion Sneaker Parent B01ITEOC66CAMEL CROWN Running Shoes Men/Women Trainers Lightweight Casual Comfort Breathable Training Shoes Parent B07GYSTGQVGentleman/Lady ara 12-44430G Womens Sneakers Parent B00XDKUX2E Fine workmanship buy Seasonal promotionAntonio Pacelli 'Loop' Irish dancing pump Parent B00BSV23Y6 , Pearl Izumi Women's EM Road M3 v2 Running Shoe Parent B00QY83IMY , DC Women's Trase Platform Le Skate Shoe Parent B0784ZYFDKAntonio Pacelli 'Loop' Irish dancing pump. Size 10 ADULT Parent B00BSV2E5EAsics Womens Alpine XT Shoes Parent B074CMLMTM , Boras Women's Trainers red red / black Parent B01N7YIWDLMISS&YG Women's Walking Shoes Lightweight Sneakers Mesh Breathable Running Shoes Fitness Shoes Parent B07GLR8SW8 ,

Time limit is exhausted. Please reload CAPTCHA.

Lacoste Women’s Carnaby Parent Evo Lacoste Mid 317 1 30258 High-Top Trainers Parent B0724Z2169 1fe715b - salonsevendallas.com