Softclox Softclox Maike S3115 clindamy-22718 S3115 52 Ladies Sandals City B01EVN75YU Parent 4fdd63d - 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.”

Softclox Softclox Maike S3115 clindamy-22718 S3115 52 Ladies Sandals City B01EVN75YU Parent 4fdd63d

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 *

Betsey Johnson Women's Rallo Dress Sandal B01FJDM8V6 Parent , Clarks Women's Helio Latitude Wedge Sandal B01FIRW2U0 Parent , MELLUSO Women's Fashion Sandals white white 5 B01FJV9TYW ParentMatchLife Women Vintage Leather Flat Sandals Flip Slops Slippers B01FJQEA8M ParentPromed Pedibelle 'Diana Damen Sandalette Beige Size: 4 B01FK5EJQ0 Parent , Melluso Scarpe Donna Sandali in Pelle Bianca R7904-BIANCO B01FJXCWWG ParentSteve Madden Women's Seaashor Wedge Sandal B01FKWH89S Parent , Promed Pedibelle 'Diana Damen Sandalette B01FK5EKOG Parent , Steve Madden Women's Jovanna Gladiator Sandal B01FKWKL4W ParentMen/Women Unisa Women’s Ankle B01FKPMXFY Parent use discount price Authentic guaranteeMen's/Women's Dorking Women's 6721 6721 B01FPPU2G6 Parent Best-selling worldwide Latest styles As of the latest modelKenneth Cole New York Women's Leather Toren Stacked Heel B01FNMMX4A ParentMan/Woman repitte Women’s Platform B01IWGCSEE Parent Various goods Quality and quantity guaranteed Popular recommendation , Man's/Woman's Stuppy Women’s Slippers B01IX0BRSC Parent Big clearance sale Modern design unique , Men/Women Birkenstock Boston, Women’s Clogs B01IX5PS5K Parent Adequate supply and timely delivery Beautiful Seasonal hot saleIvanka Trump Women's Rachae Heeled Sandal B01IX39RT0 ParentLaruise Women's Leather Wedge sandal B01J19QQDU Parent , Kenneth Cole Reaction Women's Lost You Gladiator Sandal B01J5FW8X2 ParentLaruise Women's Leather Beach Sandals B01J19QWYS ParentRockport Women’s Hattie Cuff Hi Vamp Heeled Sandal B01J5JHSNS ParentSam Edelman Women's Amelia Ankle Bootie B01J6HSQTE ParentSam Edelman Women's Leya Fashion Sneaker B01J6MCOVA ParentSam Edelman Women's Eyda Dress Sandal B01J5NRW1W ParentWomen's and Ladies EYE Stylish Open Toe Evening Wedge Sandal with Diamante Motifs F 69 B01J8FS0BI ParentNero Giardini Women's Fashion Sandals black black 5 B01J7T6QAC ParentPelle Moda Women's Inna Dress Sandal B01J90N61Q Parent , Pelle Moda Kacey, Women’s Kacey B01J906HLW Parent , Nero Giardini Sandal With Wedge Leather Grey p615590d-415 – Black Gardens B01JA8ZJ2G Parent , Caparros Groovy Embellished Evening Sandals - Navy Glimmer B01JKT5CYA Parent

Time limit is exhausted. Please reload CAPTCHA.

Softclox Softclox Maike S3115 clindamy-22718 S3115 52 Ladies Sandals City B01EVN75YU Parent 4fdd63d - salonsevendallas.com