Columbia Unisex Women's B073W57WR9 Parent CAPRIZEE nhta-30293 Slide II Nubuck Sandal B073W57WR9 Parent 8d80a4a - 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.”

Columbia Unisex Women's B073W57WR9 Parent CAPRIZEE nhta-30293 Slide II Nubuck Sandal B073W57WR9 Parent 8d80a4a

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 *

Livie & Luca Unisex-Child 224PAZ Paz B0747VCX5D ParentSandals Female Summer Flat Sand Beach Sandals B0748G25MV ParentSandals Female Summer Flat Bottom Diamond Sandals Shoes B0748G4MYT ParentSandals Female Summer Flat Fashion Ladies Sandals B0748G2QNT Parent , Sandals With Slippers With Thick Sandals B0748GF1FG ParentSandals Female Summer Flat Sandals Sandals B0748G9FNN ParentSandals Women Summer Fashion Slope Sandals B0748GFQ6D Parent , Sandals Tied With Bow Toe Sandals Female B0748GF4NS ParentMan's/Woman's Sandals Female Summer Sandals B0748GK61P Parent Innovative design cheapest Outstanding styleSlope With Sandals Female Summer B0748GJXGH ParentSandals Female Summer Water Drill Sandals B0748GMJYW Parent , Sandals Female Cross With High Heels B0748GKL9Z ParentSummer Leisure And Comfortable With The Tendon Tendon At The End Of Women Sandals B0748GSCHB ParentSandals Soft Bottom Non-Slip Lady Sandals B0748GQBZ3 Parent , CLARKS Women's Raven Dawn Wedge Sandal, Black Leather, 8.5 Medium US B074948P91 ParentGentleman/Lady Summer Thick Sandals B0748HH19C Parent online sale luxurious Various latest designsCafè Noir MGL102 Sandals FLIP Flops in Calf B0749RS2YW Parent , Gaudi V83-65872 Wedge Sandals Women B0749VNWQZ Parent , DIESEL Women's Plaja Splish W Flip Flop B0749VXL8R Parent , Diesel Women’s A-Lohaa Sa-Maral W Slide Sandal B0749WP4L8 Parent , Blowfish Women’'s Barria Slide Sandal B074CMDZZB Parent , Camper Sandals Kids K800163-001 RED B074B1CQSB ParentMen's/Women's Beacon Tammy Women's Pump B074CMJDMZ Parent Moderate price Optimal price Breathable shoes , INC International Concepts Tylieep Women Leather Brown Over The Knee Boot B074F486F8 ParentSoft Style Women's Patrese Sandal B074G3H7PH Parent , Hush Puppies Soft Style Women's Oralee Wedge Sandal B074FGPM2L Parent , Very Volatile Women’s Milan Fisherman Sandal B074H1GKHS Parent , BCBGeneration Carmen Lasercut Mule, Fatigue B074G5RD82 ParentVery Volatile Women's Beaux Heeled Sandal B074H25M1B Parent

Time limit is exhausted. Please reload CAPTCHA.

Columbia Unisex Women's B073W57WR9 Parent CAPRIZEE nhta-30293 Slide II Nubuck Sandal B073W57WR9 Parent 8d80a4a - salonsevendallas.com