IGI Taupe Women’s B077NNV19W DBL 11422 Trainers, Taupe Parent 29849 B077NNV19W 238410f - 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.”

IGI Taupe Women’s B077NNV19W DBL 11422 Trainers, Taupe Parent 29849 B077NNV19W 238410f

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 *

Janet sport 35728 Sneakers Women Parent B01CZC3AP2 , Man/Woman Chaco Women'sKanarra Casual Shoe Parent B0196YOJRK Reputation first Elegant style Suitable for colorSteve Madden Women's Lift Fashion Sneaker Parent B01LWV7QH4 , Geox Women’s D Happy C Hi-Top Sneakers Parent B01GFXYVDWGentleman/Lady Guess Women’s Jacaly2 Sneaker Parent B01M0AI72D Diverse new design auction leading the fashion , ZHZNVX HSXZ Women's Shoes PU Winter Fall Comfort Boots Chunky Heel Round Toe Mid-Calf Boots for Casual Red Black Parent B07B2J1XR8 , Skechers Street Double Up - Glitzy Gal Navy Slip On Shoe Parent B0787N676Wadidas Women’s Stan Smith W Fitness Shoes, White/Green Parent B07DQL2VKT , Reebok Boys' Royal Cl Jog 2l Running Shoes Parent B01AS74H4Y , Demonia Women’s Spr03/Bvl Fashion Sneaker Parent B015WM9D8U , Janly® Summer Shoes, Womans Sandals Pinch Flat-Bottomed Roman Shoes Girls Straps Ankle Flat Shoes Parent B07CCH5Q3M , child children's Latin dance shoes/ girls dance shoes/Low end of soft satin dance shoes Parent B01NBJ2EJBSkecher Street Women's Double up-Glitzy Gal Sneaker,nvy,8.5 M US Parent B0787HH3PY , Jamicy Sports Shoes, Women Breathable Athletic Sport Shoes Autumn Winter Outdoor Running Shoes Parent B07GHJFMZJ , Sperry Womens Seven Seas Sport Mesh Seven Seas Sport Mesh Parent B0752PF1ZR , Skechers Street Women's Double up-Glitzy Gal Sneaker,NVY,7.5 M US Parent B0787NHNKK , KSell Women's Air Sports Running Shoes Running Jogging Trainers Fitness Lightweight Shoes Parent B07HNXL82H , Skechers Street Women's Double up-Glitzy Gal Sneaker,NVY,6.5 M US Parent B0787G6S56Reebok Ventilator, Women’s Running Shoes Parent B00VNO1614 , ShangYi Non Customizable Women's Dance Shoes Modern Leatherette/Paillette Cuban Heel Black/Blue/Pink/Red/Silver... Parent B01FZJWX6EPrada Women's 3T5893 Saffiano Leather Trainers/Sneaker Parent B07B434KVW , Andre Assous Women's Charlie Fashion Sneaker Parent B01N4P43VKadidas Women's ZX Flux Sunglo/White AQ8230 Parent B01E5YBXACJosef Seibel Womens Sina 17 Parent B06XTBD4DLANDAY Retro Womens Snakeskin Pattern PU Leather Buckle Flats Sandals Flip-Flops Shoes Thongs Parent B0739RRPKZMr/Ms TBS Women's Accroc Trainers Parent B00NN84R5U Charming design Make full use of materials Lightweight shoesPataugas Pright F2d, Women’s Low Parent B075MSM2QWSkechers Women Flex Appeal 2.0 Newsmaker Sneaker Parent B01MXFKKT3Lotto Women’s Superlight Lite III W Fitness Shoes Parent B07BFBWM53

Time limit is exhausted. Please reload CAPTCHA.

IGI Taupe Women’s B077NNV19W DBL 11422 Trainers, Taupe Parent 29849 B077NNV19W 238410f - salonsevendallas.com