LINYI Womens Sandals Stiletto Parent Heels T-Strap Black Women Summer Waterproof Open Toe Sandals Wedding Party Black B07DCK66J9 Parent 340fd0e -

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 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.”

LINYI Womens Sandals Stiletto Parent Heels T-Strap Black Women Summer Waterproof Open Toe Sandals Wedding Party Black B07DCK66J9 Parent 340fd0e

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 *

RUGAI-UE Ladies' heel and high heel sandals B07DFJT38G Parent , RUGAI-UE Big code sandals, summer, European and American transparent film, exposed toe, rivets, sandals and sandals. B07DFKTJKP Parent , RUGAI-UE Female Sandals New toes are popular with high heels and fine heels B07DFKK58W Parent , RUGAI-UE Big size sandals, European and American sharp, transparent film, and lady's sandals. B07DFKXYQD Parent , RUGAI-UE Women's sandals, hollow high heels, rough and pointed straps, shallow buckles, Rome buckles, women's... B07DFKSLYT ParentRUGAI-UE Big code sandals, European and American 16cm high heels and waterproof ladies' sandals. B07DFL2H45 Parent , RUGAI-UE Ladies sandals new style European and American fashion suede, toes, sandals, sandals, sandals and sandals. B07DFKX7QN ParentRUGAI-UE European and American fashion high heels, summer toes, high heels and sandals. B07DFL6PCV Parent , RUGAI-UE Water drill sandals high heel female sandals B07DFL1XRL Parent , RUGAI-UE Sandals and sandals for European and American fashions B07DFLHKMS Parent , RUGAI-UE Women's sandals and new high heels. B07DFL6PCN Parent , RUGAI-UE Medium and female sandals, summer casual, rough sandals, suede, toe, comfortable buckle, sandals and... B07DFL9PKH ParentRUGAI-UE European and American ladies high heel sandals, Summer Dew toe waterproof buckle large size sandals B07DFLYN41 Parent , DANDANJIE Slippers Women Outdoor Sandals Wedge Heel Fashion Beach Sandals & Flip Flops B07DFLMNC6 Parent , RUGAI-UE Summer sandals in Europe and America B07DFM9GTZ ParentBalaMasa Womens Sandals Peep-Toe No-Closure Ankle-Wrap High-Heel Cold Lining Rubber Water_Resistant Fabric Sandals... B07DFM1PGT Parent , RUGAI-UE Summer sandals, European and American fashion waterproof table sandals, toes, slash heels, high heels. B07DFMBM3K ParentRUGAI-UE High heeled high heeled lady sandals B07DFM9GV3 ParentRUGAI-UE Ladies' sandals and high heels B07DFMFXJM ParentRUGAI-UE Ladies high heel sandals, summer high heels, suede toe, waterproof and thin sandals. B07DFMBM3Q ParentRUGAI-UE Female sandals with high heels and high heels B07DFMGGKK ParentRUGAI-UE Ladies sandals and Sandals New Summer European and American high heeled sandals B07DFMGGKF ParentRUGAI-UE Sandals with high heels and toe rings, ladies' sandals. B07DFQ565L Parent , Huaishu Women's Summer Crystal Transparent High Heels Simple Gold Wedge Natural Sandal Ladies Girls Flip Flops... B07DFN6YMD Parent , RUGAI-UE Ladies fashion High Heels Sandals, European rivets, toes, toes, high heels, women's sandals. B07DFR52MD Parent , SKY-Maria Women's Fashion High Heels Summer Sandals Thick Bottom Light Comfortable Pumps Large Size 34-43 B07DFQCZZ7 ParentSummer new fashion rivets, high heels, T-shaped buttons, toe toes and lady's sandals. B07DGWW62T ParentGaoXiao Rough heel sandals in summer B07DGWFY6G Parent , GaoXiao Heel sandals with sandals B07DGX1T23 Parent

Time limit is exhausted. Please reload CAPTCHA.

LINYI Womens Sandals Stiletto Parent Heels T-Strap Black Women Summer Waterproof Open Toe Sandals Wedding Party Black B07DCK66J9 Parent 340fd0e -