2 Too Lips Too Women's Too Kale Kale Wedge Sandal 2 B01CRWLSQI Parent 38bf921 - 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.”

2 Too Lips Too Women's Too Kale Kale Wedge Sandal 2 B01CRWLSQI Parent 38bf921

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 *

Report Women's Miramar Wedge Sandal B01LW35U25 ParentReport Women's Gentry Flat Sandal B01LRIN4HO ParentVery Volatile Women's Anabelle Heeled Sandal B01LWON4X2 Parent , kensie Women's Edonia Heeled Sandal B01LWSKTIO Parent , Volatile Women's JoJo Wedge Sandal B01LX0AOID Parent , Very Volatile Women's Bolten Heeled Sandal B01LX0CPIQ ParentSbicca Women's Lightning Heeled Sandal B01LXCNNJ1 Parent , Very Volatile Women's Splice Heeled Sandal B01LXNT2XV Parent , Volatile Women's Sheyla Flat Sandal B01LXZIS4R Parent , Jerusalem Sandals Women's Dinah Gladiator B01LY44PL6 ParentVery Volatile Women's Hyde Wedge Sandal B01LYLG688 Parent , Indigo Rd. Women's Elea Heeled Sandal B01LYQSOND ParentJerusalem Sandals Women's Bathsheba Flat B01LYRLLDU ParentVolatile Women's Tira Flat Sandal B01LYYKRCD Parent , Volatile Women's Evelina Flat Sandal B01LZA8P0D Parent , Very Volatile Women's Forward Heeled Sandal B01LZAAT9D Parent2 Lips Too Women's Rewind Dress Sandal B01LZDFMJ7 Parent , Volatile Women's Neva Toe Ring Sandal B01LZXTQAH ParentLFL by Lust for Life Women's Li-Rainbow Flat Sandal B01LZXWH1X Parent , Sbicca Women's Exist Fisherman Sandal B01LZYF4JD ParentReport Women's Pearlina Heeled Sandal B01NBK2WIR ParentPenny Loves Kenny Women's Fickle Platform Sandal B01NBKB13F Parent , Kenneth Cole Reaction Women's Lost You Gladiator Sandal B01NBMNLVY ParentQupid Women's Archer-309 Flat Sandal B01NBMOFB4 ParentGentlemen/Ladies Shellys London womens Eden B01NBNMWJT Parent selling price discount price Good qualityReport Women's Zella Flat Sandal B01NCKQLZF ParentPenny Loves Kenny womens Syclone B01NCL09MN ParentCL by Chinese Laundry Women's Kismet Platform Slide Sandal B01ND172MS Parent , Gentlemen/Ladies Report womens Laurel B01NH0HN3B Parent fashion Cheaper than the price Outstanding function

Time limit is exhausted. Please reload CAPTCHA.

2 Too Lips Too Women's Too Kale Kale Wedge Sandal 2 B01CRWLSQI Parent 38bf921 - salonsevendallas.com