HTW AIEI Dancing Shoes nhta-30292/Exercise AIEI Shoes/Teachers Shoes Shoes/Teacher Shoes/Modern Shoes/Latin Shoes B072HTJQZJ Parent 78fca25 -

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 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.”

HTW AIEI Dancing Shoes nhta-30292/Exercise AIEI Shoes/Teachers Shoes Shoes/Teacher Shoes/Modern Shoes/Latin Shoes B072HTJQZJ Parent 78fca25

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 *

Wgwioo Ballet Pointe Shoes Dance Split Flat Gymnastics Dancing Slippers Soft Canvas Girls Women Ladies In Different... B073QQS499 ParentWgwioo Little Kid Ballet Flower Shoes Split Sole Soft Canvas Dance Flat Gymnastics Dancing Slippers For Girls... B073QQTK9L Parent , Reebok OSR Distance 3.0, Women’s Training Shoes B073QWKGMR ParentHSM Schuhmarketing Women's Indoor Court Shoes grey grey B073QTC7DW ParentWgwioo Womens Practice Beginner Sneaker Block Heel Round Toe Leather Dance Shoes Latin Ballroom B073RDMHF8 ParentWgwioo Women Latin Dance High Heel Sandals Shoes Sequins Leather Buckle Ballroom Banquet B073RDS8NS ParentWgwioo Ladies Character Stage Heel Dance Shoes All Sizes Women Ballroom Mary Jane Latin Tango Salsa Dancewear B073RDVLK1 Parent , Reebok Women’s Royal Aspire 2 Fitness Shoes B073RN2SV8 ParentFREDDY Women's Indoor Court Shoes white Bianco B073STRGBJ Parent , In The Women'S Engagement Dance Shoes Indoor Adult Latin Dance Shoes B073SXYNXL ParentVans Women's Old Skool Classics Embossed Va31z9mc3 Running Shoes Green Grün B074657MZK ParentRFF-Women's Shoes Pump/Ankle-Strap/Women’s Heels/Closed Toe/Summer waterproof platform, coarse heel sandals, fish... B073TXFFKX Parent , Ladies Ballroom Dance Shoes Lamba Chatin Latin Dance Shoes Comfortable B074KVCPGL ParentLadies Fashionable Comfortable Dance Shoes Latin Lamba Chapel Chrome Shoes B074KV4SXW Parent , Ballroom Dance Shoes Women'S Latin Shoes B074KVK9FT Parent , Woman Dancing Shoes Latin Chapel Chan Shoes B074KVJXPT Parent , Women'S Indoor Dance Shoes Latin Dance Shoes B074KVYMBV ParentLadies Dance Shoes Just Latin Dance Shoes B074KVSQF1 Parent , Women'S Ballroom Latin Chocolate Shoes B074KY4X6S Parent , Interior Women'S Dance Shoes Latin Chocolate Shoes B074KVYQSL ParentLadies Dance Shoes Ballroom Latin Chocolate Shoes B074L3WGYF Parent , Ladies Dance Shoes Lombardy Chiffon Shoes B074L11G3T ParentWomen'S Fashion Indoor Dance Shoes Latin Dance Shoes B074L3XHHF Parent , Byjia Dance Shoes Women'S Salsa Tango Latin High Heel Ballroom Soft Bottom Leather Suede Ankle Strap Buckle Classical... B074N4ZVS2 ParentByjia Dance Shoes Women'S Latin Ballroom High Heel Leather Suede Salsa Tango Ankle Strap Buckle Classical Sandals... B074N5N6XY Parent , Ladies' Ballroom Dance Shoes Latin Lombarda Chapel Shoes B074L3Z86W Parent , Byjia Salsa Tango Latin High Heel Dance Shoes Women'S Ballroom Soft Bottom Leather Suede Ankle Strap Buckle Sandals... B074N8M74K Parent , Byjia Women'S Salsa Tango Latin Dance Shoes Ballroom Soft Bottom High Heel Printing Chunky Leather Suede Ankle... B074N58CL6 ParentByjia Women Sandals Salsa Latin Tango Ballroom Dance Shoes Leather Suede Soft Soles Buckle High Heel Red Black B074P5PLZ4 Parent ,

Time limit is exhausted. Please reload CAPTCHA.

HTW AIEI Dancing Shoes nhta-30292/Exercise AIEI Shoes/Teachers Shoes Shoes/Teacher Shoes/Modern Shoes/Latin Shoes B072HTJQZJ Parent 78fca25 -