Fleet & Foster - Kayo Womens Wedge Sandals Fleet Foster Black - Black - UK Size 5 B07BNTBCRH Parent fb42688 - 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.”

Fleet & Foster - Kayo Womens Wedge Sandals Fleet Foster Black - Black - UK Size 5 B07BNTBCRH Parent fb42688

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 *

RAZAMAZA Women Flats Sandals Shoes Loop Toe B07C8HCVFK ParentRAZAMAZA Women Casual Slingback Flat Sandals Shoes B07C8H9MY1 ParentVILOCY Women's Ankle Strap Sandals Clip Toe Elastic T-Strap Beach Flip Flops Shoes B07C8LQF5D ParentHibote Women Summer Flat Platform Wedge Sandals Sexy Roma Sandals Holiday Beach Flip Flop Sandals B07C8KL4MK Parent , Andres Machado AM5279 Faux Leather Roman Sandals.Large Sizes: UK 8 to 10.5 / EU 42 to 45. B07C8R24RL ParentLinzi Maggie - Black Slip On Slider with Diamante Strap & Trim B07C8LQX46 ParentOCTOPUSIR Women's Rhinestone Clip Toe Sandals, Ladies Bohemia Beach Flip Flops,Summer Elastic T-Strap Roman Sandals... B07C8R3SJZ Parent , Carolbar Women's Fashion Pendant Ankle-Strap High Heel Dress Sandals B07C8R61JT ParentJiyaru Women's PU Sandal Slipper Open Toe High Heel Slide Sandal B07C8R75FM Parent , Hattie Women's Simple Metal Clip Toe Sandals Summer Beach Flats B07C8R9YCR Parent , Carolbar Women's Lovely Hollow Pattern Mid Heel Buckle Dress Sandals B07C8RBMN8 ParentHattie Women's Rhinestone Ankle Strap Sandals Summer Clip Toe Flats B07C8RC1JC Parent , SJJH Casual Shoes with Cross Straps and Low Rounded Toe All Match Shoes for Women B07C8RDBFJ ParentPexuya Womens Summer Bohemia Flat Sandals 405 B07C92GKBC Parent , Gluv Emelia Womens Comfort Sandals Grey - Grey - UK Sizes 3-8 B07C935MJ4 Parent , Pexuya Womens Summer Bohemia Flat Sandals 412 B07C93H7RX ParentPexuya Womens Summer Bohemia Flat Sandals 403 B07C93M4L2 ParentPexuya Womens Summer Bohemia Flat Sandals 401 B07C948ZRL Parent , Pexuya Womens Summer Bohemia Flat Sandals 398 B07C94P5WT ParentWentsven Bling Stylish Beaded Thong Flat Walking Beach Sandals B07C94W367 Parent , Cipriata Womens/Ladies Gemma Elasticated Jewelled Halter Back Sandals B07C94W8MK Parent , Pexuya Womens Summer Bohemia Flat Sandals 399 B07C95K72G ParentWentsven Women's Fashion Jeweled Flat Walking Beach Thong Sandals B07C952V5L Parent , Carolbar Women's Sexy Chic Decorations High Heel Zip Dress Sandals B07C98LY2J Parent , DEMAX Women's pscruzada Fashion Sandals B07C975RV9 ParentIGEMY Women Flip Flops Beach Sandals Fashion Bling Slippers Summer Women Flat B07CBN3XDL Parent , Debut Womens Black Diamante 'Delight' Mid Heel Wide Fit Sandals B07C9CFKJC ParentCHIC NANA Women’s Fashion Sandals B07CBN4KM5 ParentCHICMARK Casual Flat Sandals with Large Size Available Comfortable Flats for Summer B07CBN4G1W Parent

Time limit is exhausted. Please reload CAPTCHA.

Fleet & Foster - Kayo Womens Wedge Sandals Fleet Foster Black - Black - UK Size 5 B07BNTBCRH Parent fb42688 - salonsevendallas.com