POP Womens Calf Womens Winter Winter Biker 30292 Style Low Flat Heel Knee Riding Boots Size 3-8 B00A9UCNKG Parent 0364236 - 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.”

POP Womens Calf Womens Winter Winter Biker 30292 Style Low Flat Heel Knee Riding Boots Size 3-8 B00A9UCNKG Parent 0364236

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 *

Ladies Grip Sole Calf Length Fleeced Fur Slouch Outdoor Snow Winter Boot 3-8 B00DTG2MRG ParentDunlop K254711 Sport Wellington Blue Size 41 B00CM9EXK0 Parent , Keds Women's Droplet Suede Dot Chukka Boots B00CZ63IM4 ParentKARMIL Grey Studded Cuff Block Heel Ankle Boots B00F8DP9I2 ParentFLB650 Manfield Women's Ladies Black Brown low heel warm boots B00DZJN8ZM ParentLadies Flat Winter Biker Riding Style Low Heel Over The Knee Thigh High Knee Boots Size - shoeFashionista Branded B00E9VOUEI ParentMadden Girl Expertt Tall Shaft Boots B00F0TO54I Parent , Superga RUBBER BOOTS CARTOON 745-DSN MINNIEHOLERBRW Country WOMAN B00EUCGCH4 ParentLadies Womens Winter Biker Riding Style Knee Low Heel Calf High Knee Boots Size 3 - 8 new B00EOUNQCG Parent , Amblers Arctic Womens Textile Boots Warmlined Pull On Female Footwear Brand New B00F50GOWS ParentLadies Warm Fur Lined Snow Boots - Ideal For Dog Walking B00ES3A8XY ParentMan/Woman Polarino Women's Kees Boots B00DZOBVQU Parent High security Clearance Selling new productsCute To The Core Womens Clutch Black/Gold Boots C6000 5 UK, 38 EU B00DTRZE20 ParentDolcis Women's Military Style Ankle Biker Boot - Metal Studded Buckle - Black, Brown B00FDRKZU0 ParentGentlemen/Ladies Sole Sabina Boots Black B00FQ4XWZU Parent Innovative design new Maintenance capability , KARMIL Brown Studded Cuff Flat Ankle Boots B00F8DDM4A Parent , Onlineshoe Women's Knee High Flat Riding Boots With Crocodile Print Upper - Black, Tan Brown B00FBKGC2E Parent , Jet Black Leather Upper Rouch Stiletto Boots - UK 8 [Apparel] B00FF9UA92 ParentGentleman/Lady Esmara Women's Boots B00FEEJ50I Parent Reputation first Modern and stylish fashion Easy life , Ladies Mid Calf Faux Fur Winter Boots - Various Styles In Black & Tan B00FPNR3Y8 ParentJohn Lewis "HEIDI2 Milk Chocolate Brown Wedge Pull On Boots B00FFYUBC8 ParentOnlineshoe Women's Chelsea Ankle Boot With Buckles and Straps - Cuban Block Heel - Brown, Black B00FN4KLES Parent , WOMENS LADIES KNEE HIGH FLAT HEEL BIKER RIDING FAUX LEATHER WINTER BOOTS SIZE B00FNN7GUQ Parent , Cotswold Ladies Gatcombe Black Ribbon Tie Printed Wellington B00FRE1BMU ParentRed Rock Womens LB8947 Faux Suede Mid Calf Snow Boots B00FQHIHYI ParentPOP Womens Heeled Booties High Heels Block Shoes Platform Chelsea Ankle Boots Size 3-8 B00FU6JE1K Parent , Ladies Womens Girls New Winter Knee Medium High Wedges High Heel Platform Boots Size 3-8 B00FUA9Y4S Parent , Lilley Womens Black Fur Long Leg Boot B00FYSKWTW ParentComfort Plus Womens Black Reptile Print Ankle Boot B00FYWIIJE Parent ,

Time limit is exhausted. Please reload CAPTCHA.

POP Womens Calf Womens Winter Winter Biker 30292 Style Low Flat Heel Knee Riding Boots Size 3-8 B00A9UCNKG Parent 0364236 - salonsevendallas.com