Man's/Woman's Jellypop womens export China 30236 B072DY18FN Parent Modern nhta-30237 and elegant fashion Online export store Lightweight shoes 469fae9 - 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.”

Man's/Woman's Jellypop womens export China 30236 B072DY18FN Parent Modern nhta-30237 and elegant fashion Online export store Lightweight shoes 469fae9

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 *

Ladies/Women's Evercreatures Tall Wellies Military Camouflage Army Style Wellington Boots - (UK 3-8) B072MBCKPX Parent , Kaporal Nathalie, Women’s Ankle Boots B072MHJ61T Parent , Tamaris 1-25769-39-052 Womens Biker Boots B072MM6KTK ParentMr/Ms LifeStride Womens Coana B072MPWK19 Parent Online Shopping Quality First Different styles and stylesMukluks Women’s Muk LUKS Nikki Fashion Boot, Black B072MS32FQ ParentWaldlaufer Womens Hurly 370801 Black Suede Boots 7 UK B072MSX47P Parent , Waldlaufer Womens Hurly 370801 Black Suede Boots 6 UK B072MSXSX9 Parent , Tom Tailor Women’s 3790103 Boots B072NDF7Z7 ParentInuovo Women’s Cloud Biker Boots B072MTT7CS ParentSpring and Autumn Lady Rubber Anti-slip Rain Boots B072NYRVQT ParentMan's/Woman's Dr. Scholl's Womens Devote B072NY11F9 Parent Comfortable feeling a wide range of products Contrary to the same paragraph , Man's/Woman's Michael Antonio womens Physical B072P1B16T Parent elegant Pleasant appearance Different styles and stylesautumn and winter England Matt Non-slip Waterproof Madam Rain boots B072NZF4L7 ParentBareTraps Women's Bt Oria Riding Boot, Mushroom, 10 US/10 M US B072P5PNL5 ParentBareTraps Women's Bt Oria Riding Boot, Mushroom, 8.5 US/8.5 M US B072P5VTB9 ParentMadden Girl Women's Dusky Ankle Bootie B072PC84MH ParentCarlos by Carlos Santana Women’s Rival Fashion Boot B072PSYLX6 Parent , Gabor Womens 76.663.47 Nubuck Boots B072PT2NGJ ParentCarlos by Carlos Santana Women’s Hacey Ankle Boot, Inkwell, 4 UK B072PSYLXQ ParentJessica Simpson Women’s Bressy Fashion Boot B072PTZS25 Parent , GRACE SHOES 945 Ankle Boots Women B072PTMGCW Parent , Men's/Women's Easy Street Womens Sparrow B072Q1D6PT Parent New varieties are launched Ranked first in its class Full range of specificationsMan/Woman Spirale Women’s Classic Boot B072Q272TT Parent New varieties are launched Wholesale trade Direct business , Rocket Dog Womens Akron Francois PU B072QFZNXV ParentIndigo Rd.. Women’s Juke Fashion Boot B072QFV3BX Parent , Men's/Women's Michael Antonio womens Sting B072QYCN22 Parent Quality queen New design Breathable shoes , Man/Woman Michael Antonio womens Lillian B072QXBKCF Parent Charming design auction Very practicalDANDANJIE Womens Boots Autumn and Winter Retro Flat Casual Martin Boots B072QYK9YF Parent , Michael Antonio Women's Sting-Fir Boot B072QYKTNB Parent

Time limit is exhausted. Please reload CAPTCHA.

Man's/Woman's Jellypop womens export China 30236 B072DY18FN Parent Modern nhta-30237 and elegant fashion Online export store Lightweight shoes 469fae9 - salonsevendallas.com