KUKI Martin autumn and winter women boots and high-heeled women nhta-30277 boots bare boots black female boots warm Martin boots , US5.5... B075HCF9L8 Parent d12cd0e - 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.”

KUKI Martin autumn and winter women boots and high-heeled women nhta-30277 boots bare boots black female boots warm Martin boots , US5.5... B075HCF9L8 Parent d12cd0e

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 *

Sanuk Women’s Yoga Sling Cruz Malia Sandal B078H4CV7S ParentSanuk Women’s Yoga Sling Cruz Suede Sandal B078H7BWW8 Parent , Gentleman/Lady Bandolino Women’s Hamper Sandal B078HBGX34 Parent Ideal gift for all occasions Win highly appreciated wonderful , Sugar Women’s SGR-Jeffrey Wedge Sandal B078HPKRF6 Parent , Jessica Simpson Women’s Bindy Heeled Sandal B078JBTQBT ParentBetsey Johnson Women’s Misty Slide Sandal B078KD8ZS3 ParentJSport by Jambu Women’s Ruby Wedge Sandal B078SJGDDL Parent , Rampage Women’s Preeta Peep Toe Platform Heel Heeled Sandal B079LP18SG ParentFergalicious Women’s Howdy Wedge Sandal B079MR5HDQ ParentBetsey Johnson Women’s Ansley Flat Sandal B079PPRH6V ParentJessica Simpson Women’s Brimah Sandal B079ZG661G Parent , Dolce Vita Women’'s Kimana Slide Sandal B07B2686WV Parent , Betsey Johnson Women’s Crystal Flat Sandal B07BT6JZS3 ParentSpenco Women's Brighton Slide Sandal B07CD9LHPQ Parent , LifeStride Women’s Flaunt Heeled Sandal B07CRFCV92 ParentMIA Amore Women’s Zion Sandal B07D7KV2VM Parent , Birkenstock Madrid, Women’s Heels Sandals B01FI0VPFU Parent , Pod Marley Womens Leather 2-Strap Sandals - Plum B076HV7RSX ParentPleaser Women’s Flam810/Sg/C Platform Dress Sandal B014IZWAOG Parent , Man's/Woman's Office Women’s Hallie Espadrilles B07G4QZJF9 Parent Good design Online export store Different goodsHush Puppies Women’s Giovanna Chrysta Ankle Strap Sandals B005B6J9EQ ParentStonefly Women’s Marlene Ii 2 Wedge Heels Sandals B01MG66XCV ParentMan's/Woman's Bandolino Women’s Candra Pump B077S2SV5R Parent feature Wholesale trade Elegant and robust menuSam Edelman Women’s Gigi 5-1 Sandal B01K6PLK6Q Parent , Daya by Zendaya Women's Alfie Dress Sandal B01E4IAB52 ParentReport Womens Maple Open Toe Casual Platform Sandals B01N4DHJJ9 ParentNaughty Monkey Women's Fest Tival Gladiator Sandal B01MY6B22K ParentBettie Page Women's Bp250-Abela Heeled Sandal B06XP4TRJT ParentWomen Sandals red, (rot-kombi) 032013-02 054 B07CGM43H1 Parent

Time limit is exhausted. Please reload CAPTCHA.

KUKI Martin autumn and winter women boots and high-heeled women nhta-30277 boots bare boots black female boots warm Martin boots , US5.5... B075HCF9L8 Parent d12cd0e - salonsevendallas.com