Man/Woman Gabor Women's Fast 32.074.91 32.074.91 Boots Parent B01L89DXAK Parent Quality products Fast delivery Valuable boutique 60959fd - 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/Woman Gabor Women's Fast 32.074.91 32.074.91 Boots Parent B01L89DXAK Parent Quality products Fast delivery Valuable boutique 60959fd

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 *

Man's/Woman's Maruti Women's 66.1281.03 Boots B01LPDAPX2 Parent durability Impeccable Beautiful and charming , Mephisto Womens Fiducia Leather Boots B01LNEVBYK ParentGentleman/Lady Steve madden-glorria B01LNTIRSS Parent Easy to clean surface Environmentally friendly Modern mode , Dr. Martens Core 1461 14345001 Mono Black Smooth B01LQNFBLM ParentAra 12-44627 Rom-Sport-St women boots B01LOUC6FQ Parent , GUESS Women's Pumps Highheels Stilettos Beige B01LNQXY2U Parent , Gabor comfort 52.782.23 Womens Boot B01LPVMFIC ParentAldo Women's Mihaela Riding Boot B01LQHGYV4 Parent , Nero Giardini Tronchetto Donna A616403D 100 100 Nero B01LQ7I4YY ParentIGI & CO Women's boot heel 68622/00 B01LQHW1WA ParentNero Giardini Black Gardens 16305 Black Women Boots Zipper Heel Plateaux B01LOC5FPC Parentcamel active Women's 855.71.02 Trainers B01LRHSPGU Parent , Man's/Woman's Maripé Women's 23289 Boots B01LQ5143E Parent Online Shopping Various types and styles Modern mode , Sioux Women’s 59026 Chelsea Boots B01LSZ5AK0 ParentChooka Women's Mid-Height Memory Foam Rain Boot B01LVZTUO7 Parent , Mjus Women's 270204 103 0001 Boots B01LVYZ4Y8 Parent , Nine West Women's Britt Nubuck Boot B01LVW6NE3 ParentGUESS Women's Pumps Highheels Stilettos strappy pumps Beige B01LW3AJY7 ParentMan/Woman Maripé Women's 19270 Boots B01LW3XT6R Parent Clearance price The highest quality material Complete specifications , Bos. & Co.. Women's Brianna Ankle Bootie B01LW7UYL3 ParentSemler Women's Boots red red 15.5 B01LW7V6NQ ParentBos. & Co. Women's Flicker Ankle Bootie B01LW8XS1M Parent , Bos. & Co. Women's Belfieding Ankle Bootie B01LWA442V Parent , Anna Bork Women's Boots Black Black B01LWI3IWX Parent , Gentlemen/Ladies Semler Women's B70155-051-068 Boots B01LWEWXGJ Parent Reliable quality The highest quality material cheap price , Waldläufer Women 379802 Ama704 Warm Lined Classic Boots Short Length B01LWTUN8T Parent , Nero Giardini A616110D Biker Women B01LWOANZR ParentLowa Women’s Mosca GTX Qc Ws Hi-Top Trainers B01LWVMGCZ Parent , Man/Woman Hassia Women's 301083-0100 Boots B01LWUN2PQ Parent main category Carefully selected materials Reliable reputation

Time limit is exhausted. Please reload CAPTCHA.

Man/Woman Gabor Women's Fast 32.074.91 32.074.91 Boots Parent B01L89DXAK Parent Quality products Fast delivery Valuable boutique 60959fd - salonsevendallas.com