Summer 23099 Womens Boots Roman Shoes Sandals Crossover Boots Summer Straps Peep Toe Stiletto Ladies Slingback Gladiator Shoes B07DN4N4M7 Parent ca4a47a -

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 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.”

Summer 23099 Womens Boots Roman Shoes Sandals Crossover Boots Summer Straps Peep Toe Stiletto Ladies Slingback Gladiator Shoes B07DN4N4M7 Parent ca4a47a

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 *

ZHANGJIA Leather Baotou Nude Color Half Slippers Female Summer Slippers Two Wear Wild Pointed Flat Shoes B07DQQ1T89 Parent , KPHY Jigsaw Belt Buckle 10Cm High Heel Women'S Shoes Match Colors Thin Heels Toes Sandals Summer. B07DNZFY7R Parent , Women's sandals thick pine cake shoes European and American fish mouth shoes sandals high-heeled sandals B07DR1K25F ParentHuaishu Women's Summer Thick-soled High-heeled Sandals Slippers Transparent Crystal Shoes Waterproof Platform... B07DQXMZR5 Parent , YMFIE Summer lady heel heel sandals comfortable sandals sandals outdoor shoes B07DRFVL9N ParentSandals XW Slippers Women's Summer England Mid Heel Thick Bottom One-button Buckle Increase Shoes Roman Style... B07DQWPSD9 Parent , YMFIE Ladies summer flat bottomed toe sandals simple fashion sequins beach and beach shoes. B07DRJ59MB ParentSummer Simple Suede Thick With Sandals One Word Buckle Open Toe Sandals Work Shoes Bride High Heels B07DRGTS8C Parent , WYYY Women's Shoes Summer Low Heel Block Retro Cross Straps Pure Color Open Toe Low Heels Casual Shoes Party Sandals... B07DRJ6XP9 Parent , YLLXZ Women's shoes sandals flip-flop Spring and summer Metal decoration Thick bottom Soft bottom flip flops Beach... B07DRFYS2F ParentYMFIE Summer fashion casual comfortable toe toe sandals women's anti slip beach shoes B07DNY9X64 Parent , YMFIE Summer flat bottom toe toe sandals lady leisure fashion antiskid beach shoes B07DRH612S ParentDALL Court Shoes Open-toed Women's Shoes Slippers Flat Shoes Sandals Beach Shoes Non-slip (Size : EU 36/UK 4/CN... B07DPTTGQ3 ParentYMFIE Ladies' summer flat bottom toe toe sandals casual fashion comfortable antiskid beach shoes two ways of dressing B07DRH8R8B ParentYMFIE Ladies' simple fashion Summer Dew toe sandals comfortable anti slip and wearable beach shoes. B07DNYMBGH ParentYMFIE Flat bottom sandals fashion simple ladies anti slip beach shoes. B07DRHNN6H Parent , Summer Womens Leather Casual Fashion High Heels Sandals Buckle Thick With Fish Mouth Fashion Women's Shoes B07DRH6HHT Parent , Womens Summer Sandals Leaking Out Toes Round Head Women's Shoes Thick With High Heels B07DRHV4LV Parent , Sandals Womens Summer Thick With High Heels Leather Leaking Out Toes Buckle For Women's Shoes B07DRHR6F8 Parent , J-shaped Sandals Female Summer Students Soft Sister Korean Flat With Soft Bottom Ladies Beach Shoes (Color : Gold... B07DRJ7RD9 ParentYMFIE Ladies' summer flat bottomed feet sandals simple fashion Bohemia beach shoes B07DRH949Y Parent , YMFIE Summer ladies' heels heels outdoor shoes high heeled sandals lacquer toes and high heels. B07DRJFJVC Parent , YMFIE Summer new Bohemia diamond bottomed sandals ladies' feet low and soft bottom anti slip comfortable beach... B07DRJHRVP Parent , Sandals Female Summer Fish Mouth With Buckle Belt Shoes Leather Rough With Sexy Sandals B07DRJJ69V ParentYMFIE European casual comfortable fashionable suede toe high heel sandals lady's outdoor beach shoes. B07DRJ86GL ParentYMFIE Summer toe bottom casual sandals comfortable slippery lady beach shoes B07DRJLNMR Parent , YMFIE Ladies casual summer comfort sandals toe toe skid proof feet beach shoes. B07DRJJYVW ParentYMFIE Spring and summer new pearls fashion toe toe sandals ladies flat bottomed anti slip beach shoes. B07DRJQPP2 Parent , YMFIE Summer ladies casual fashion sandals antiskid beach shoes B07DRJM9J6 Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Summer 23099 Womens Boots Roman Shoes Sandals Crossover Boots Summer Straps Peep Toe Stiletto Ladies Slingback Gladiator Shoes B07DN4N4M7 Parent ca4a47a -