LvYuan us8/eu39/uk6/cn39 ggx Women's Heels Slingback PU Spring 24299 Casual Slingback PU Almond Black 2in-2 3/4in, black, us8/eu39/uk6/cn39 B074CYMF2J Parent 6fb1055 - 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.”

LvYuan us8/eu39/uk6/cn39 ggx Women's Heels Slingback PU Spring 24299 Casual Slingback PU Almond Black 2in-2 3/4in, black, us8/eu39/uk6/cn39 B074CYMF2J Parent 6fb1055

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 *

RTRY Unisex Heels Basic Pump Pu Spring Fall Casual Office &Amp; Career Dress Stiletto Heel Nude Ruby Black 3In... B074SHQNVH Parent , Men's/Women's Puma Carson Cross HT B074WBFSHQ Parent elegant Bright colors AmoyLvYuan ggx Women's Heels Basic Pump Synthetic Microfiber PU PU Spring Summer Casual Office & Career Party & Evening... B074CYPVNB Parent , Women's Sandals Summer Patent Leather Dress Wedge Heel Crystal Black Silver Gray B074Y7157W Parent , Jack Rogers Women’s Lauren Suede Slide Sandal B074XSMRBJ Parent , FYios Women's Sandals Summer Comfort Synthetic Party & Evening Dress Casual Stiletto Heel Silver Gold B074YBMDSQ ParentRTRY Women'S Heels Spring / Summer / Fall / Winter Gladiator / Comfort / Novelty Leatherette Wedding / Party &... B0752DQ7GQ Parent , New Balance Solv W LG1 B0751DM2WD ParentWomen's Sandals Comfort PU Spring Casual Comfort Camel Silver Black Flat B074Y75PMX ParentRTRY Women'S Sandals Comfort Suede Summer Casual Blue Ruby Black 2In-2 3/4In B0752G9XCW Parent , Reebok Women’s Cn1496 Gymnastics Shoes B0751P9ZN2 Parent , RTRY Women'S Sandals Comfort Pu Summer Casual Black Gold 4In-4 3/4In B0752DZD58 Parent , Kendall & Kylie Women’s Isla Slide Sandal B074ZYWHG2 ParentRTRY Women'S Heels Comfort Pu Spring Summer Casual Comfort Blushing Pink Black White Flat B0752S6GPS ParentRTRY Women'S Heels Gladiator Comfort Nubuck Leather Summer Casual Almond Black 3In-3 3/4In B0752G9VM1 Parent , Schutz Women’s Yaslin Slide Sandal B07525DKDV ParentRTRY Women'S Sandals Comfort Pu Summer Casual Burgundy Black 2In-2 3/4In B0752GNZCM Parent , RTRY Women'S Heels Comfort Suede Summer Casual Gray Black 2In-2 3/4In B0752PWYYT Parent , RTRY Women'S Sandals Comfort Nubuck Leather Summer Casual Light Pink Black 3In-3 3/4In B0752PWZ1Y ParentJack Rogers Women’s Delilah Slide Sandal B0753B34YW Parent , Skechers Women’s Go Walk Joy-15609 Sneaker B07537P47P Parent , Skechers Performance Women's Women’s Go Walk Joy-15605 Sneaker B07537NZYX Parent , Jack Rogers Women's Delilah Slide Sandal, Black, 11 Medium US B0753KW2H8 Parent , Women High Heel Pumps Tips On Chip Simple B0754HZH1W Parent , Women High Heel Pumps Shiny Side B0754J3ZTM Parent , Women High Heel Pumps Tips On Chip Designs B0754QPWH2 ParentWomen High Heel Pumps Simple B0754MDP18 ParentWomen'S High Heels Waterproof Table Fine High-Heeled Sandals Metal Suitcase Black B07582VT9T Parent , High boots winter new products in the work of the round head ladies boot black silk mercers high-heel shoes B0757L9FFG Parent ,

Time limit is exhausted. Please reload CAPTCHA.

LvYuan us8/eu39/uk6/cn39 ggx Women's Heels Slingback PU Spring 24299 Casual Slingback PU Almond Black 2in-2 3/4in, black, us8/eu39/uk6/cn39 B074CYMF2J Parent 6fb1055 - salonsevendallas.com