yalanshop Summer fashion sandals bridesmaid shoes rivets high heel fashion stiletto pointed bridesmaid shoes B07FJ78W76 Parent c64fde3 - 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.”

yalanshop Summer fashion sandals bridesmaid shoes rivets high heel fashion stiletto pointed bridesmaid shoes B07FJ78W76 Parent c64fde3

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 *

SBL Leather fisherman shoes summer lazy flat shallow sandals hemp rope woven casual shoes,White,39 B07FLY84TH ParentSBL Leather fisherman shoes summer lazy flat shallow sandals hemp rope woven casual shoes,White,35 B07FLY8JFH Parent , SBL Women's shoes summer sponge cake Velcro Roman platform sandals wild high-heeled student women's sandals,White,38 B07FLY8HFF Parent , YMFIE Casual fashion comfortable bohemian beaded flat open toe sandals ladies summer non-slip beach shoes B07FLYT691 ParentSBL Leather fisherman shoes summer lazy flat shallow sandals hemp rope woven casual shoes,White,37 B07FLY8NLL Parent , YMFIE Casual fashion comfortable bohemian beaded pin flat sandals ladies summer non-slip beach shoes B07FLYZS5Q Parent , YMFIE Summer Bohemian rhinestones, wedges, wedges, sandals, ladies, casual fashion, non-slip beach shoes B07FLYYDDP Parent , SBL Leather fisherman shoes summer lazy flat shallow sandals hemp rope woven casual shoes,Black,36 B07FLZ78T2 Parent , SBL Leather fisherman shoes summer lazy flat shallow sandals hemp rope woven casual shoes,White,34 B07FLZ6SVF Parent , HBDLH Women's shoes/Breathable/Summer Leather Medium And Female Sandals 6Cm High Heel Shoes. B07FLZM6LK Parent , HBDLH Women's shoes/Breathable/Summer Student Sandals Plain Muffin And Thick Bottom With Soft Bottom. B07FLZL6QJ Parent , HBDLH Women's shoes/Breathable/Small Fresh Vamp Color Matching Buckle Sandals Pointy Kitten And 8Cm High Heeled... B07FLZM8ZV ParentSBL Women's shoes summer sponge cake Velcro Roman platform sandals wild high-heeled student women's sandals,White,35 B07FM1QM39 ParentSBL Women's shoes summer sponge cake Velcro Roman platform sandals wild high-heeled student women's sandals,Black,39 B07FM1QN6R Parent , SBL Leather fisherman shoes summer lazy flat shallow sandals hemp rope woven casual shoes,Black,37 B07FM1QR5F ParentSBL Women's shoes summer sponge cake Velcro Roman platform sandals wild high-heeled student women's sandals,Pink,39 B07FM2PJ6T Parent , SBL Women's shoes summer sponge cake Velcro Roman platform sandals wild high-heeled student women's sandals,White,36 B07FM33335 ParentSBL Leather fisherman shoes summer lazy flat shallow sandals hemp rope woven casual shoes,Black,40 B07FM336LK ParentSBL Women's shoes summer sponge cake Velcro Roman platform sandals wild high-heeled student women's sandals,Pink,37 B07FM33QK3 ParentSBL Leather fisherman shoes summer lazy flat shallow sandals hemp rope woven casual shoes,Black,34 B07FM347MD Parent , SBL Women's shoes summer sponge cake Velcro Roman platform sandals wild high-heeled student women's sandals,Black,35 B07FM34J65 Parent , SBL Women's shoes summer sponge cake Velcro Roman platform sandals wild high-heeled student women's sandals,White,39 B07FM39CQ2 ParentHBDLH Women's shoes/Breathable/Slope Sandals Summer Sexy Hollow Fish Mouth Rome Shoes Anti Slippery Thick Muffin B07FM6CFL6 Parent , SBL Leather fisherman shoes summer lazy flat shallow sandals hemp rope woven casual shoes,Black,39 B07FM77W1F Parent , HBDLH Women's shoes/Breathable/13Cm Super High Heels Sandals Summer Toes Fashion Slippery Thick Muffin Shoes Waterproof. B07FM78Z12 Parent , SBL Women's shoes summer sponge cake Velcro Roman platform sandals wild high-heeled student women's sandals,Black,36 B07FM7GY9L Parent , HBDLH Women's shoes/Breathable/Sandal Sandals Summer Thick Muffins Waterproof Table Patent Leather Sandals. B07FM8945H ParentHBDLH Women's shoes/Breathable/Water Drill Sandals Elegant And Sexy Horseshoe Heel And Rough Heel B07FM8BVNQ Parent , HBDLH Women's shoes/Breathable/Summer Sandals Slender Heels And High Heels Casual B07FM8QXPF Parent ,

Time limit is exhausted. Please reload CAPTCHA.

yalanshop Summer fashion sandals bridesmaid shoes rivets high heel fashion stiletto pointed bridesmaid shoes B07FJ78W76 Parent c64fde3 - salonsevendallas.com