Lemontree Womens B0187BHS94 Lemontree Rain ciproant-23003 Boots 234 Parent B0187BHS94 f69ebcd - 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.”

Lemontree Womens B0187BHS94 Lemontree Rain ciproant-23003 Boots 234 Parent B0187BHS94 f69ebcd

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 *

Salming Speed 3 Ladies Running Shoes, Shoe Size- 6 UK Parent B01C24K2L8Salming Speed 3 Ladies Running Shoes, Shoe Size- 6.5 UK Parent B01I5LAYAGGentlemen/Ladies Salming Speed 3 Women’s Parent B01C24K2H2 use New design Known for its excellent qualityYMFIE Ladies New Summer butterfly dew toe hollow high heel shoes frosted Suede Sandals. Parent B07CY2XMLF , WX Ballet shoes soft bottom dance shoes canvas ballet adult shoes cotton gymnastics shoes low heel teachers shoes... Parent B07DN7HSG3Trespass Illya, Women’s High Rise Hiking Boots Parent B01KFS45B6CFP YYC-L070 Womens Sexy Latin Tango Ballroom 3 Inch Heel Professional Satin Dance Shoes Parent B017SU7NQ8 , Salabobo L070 Womens Comfort Latin Cha-cha Wedding Peep Toe Professional Satin Dance Shoes Parent B01M1VUXF8Skechers Flex Appeal Arrowhead, Women's Multisport Outdoor Shoes Parent B013BC2L5KGalaxy S6 Edge Flip Wallet Case, Samsung Galaxy S6 Case Leather [Cash and 9 Card Slots], BONROY Retro Premium... Parent B078BMWR6MBTBTAV In The Summer Outdoor Anti-Slip With A Flat Base Cool Slippers European Code (35) Pink Parent B07DLSY92PZenzzle Womens Running Shoes Doodle Letter Pattern Print for Ladies Outdoor Running Sneakers Parent B07CLG7BB3 , PLOT❤Newborn Baby Girls Boys Striped Anti-Slip Elastic Band Canvas Shoes(Infant/Toddler) Parent B07H4FMSXD , Gentlemen/Ladies Skechers Galaxies, Women’s Trainers Parent B074PX3245 Fashion pattern Impeccable Elegant and robust menuZenzzle Womens Running Shoes Graphic Islamic Pattern Print for Laides Outdoor Sneakers Parent B07CR8Q9DH , RUGAI-UE The Rivet Is Fine With Sandals Are Female Black All-Match Word Buckle Shoes Parent B072MCJJVC , WliYaGgWomen Summer Fashion Solid Color Fabric Ruffles Flat Slipper Sandals Beach Shoes - White 40 Parent B07HCJNQ4FRTRY Women'S Sandals Pvc Summer Outdoor Crystal Flower Wedge Heel Silver Blushing Pink 1In-1 3/4In Silver Us6... Parent B074CW9SM6 , RTRY Women'S Sandals Pvc Summer Outdoor Crystal Flower Wedge Heel Silver Blushing Pink 1In-1 3/4In Silver Us9... Parent B074CWSV3VPro Touch Women’s Damen Schuh Rebel Multisport Indoor Shoes, Weiß/Purple Parent B0132OMXJQ , RTRY Women'S Sandals Pvc Summer Outdoor Crystal Flower Wedge Heel Silver Blushing Pink 1In-1 3/4In Silver Us6.5... Parent B074CWPDFVZenzzle Womens Running Shoes Colorful Summer triba Pattern Print for Ladies Outdoor Running Sneakers Parent B07CKTNQQJ , RTRY Women'S Sandals Pvc Summer Outdoor Crystal Flower Wedge Heel Silver Blushing Pink 1In-1 3/4In Silver Us8... Parent B074CWWT5SMen/Women Adidas Gazelle W Parent B071P8LWD1 High-quality Quality First Speed ​​refund , Love Moschino Women's Shoe High Top Sneakers SCA Nod Gomma 60 VIT Nappato Nero Parent B07FJMVV2Y , Skechers SKEES Og 85, Women’s Sports Shoes Parent B014EMRRMS , FLYRCX Spring and summer foldable flat rhinestone pointed dance shoes pregnant women shoes shallow mouth soft... Parent B07G5S8VKS , Gola Women’s Tarum Running Shoes Parent B01LN1Q2L0 , Rieker Women’s L0930 Hi-Top Trainers Parent B01J7EB1Q6

Time limit is exhausted. Please reload CAPTCHA.

Lemontree Womens B0187BHS94 Lemontree Rain ciproant-23003 Boots 234 Parent B0187BHS94 f69ebcd - salonsevendallas.com