Man's/Woman's Middle-Aged Mother Sandals Female B073RHBDTM 29782 Parent Middle-Aged Great Good variety Pleasant appearance Good quality da62420 - 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.”

Man's/Woman's Middle-Aged Mother Sandals Female B073RHBDTM 29782 Parent Middle-Aged Great Good variety Pleasant appearance Good quality da62420

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 *

Sandals Female Summer Skid Soft Sandals B0746K451H ParentKeys 5262 High Heeled Sandals Women B0745F7DG6 ParentSummer Slope With Retro Weaving B0746JXSFY ParentGentleman/Lady Fornarina PE17RZ1015G000 Sandals Women B0745B8XJ7 Parent Consumer first Impeccable Quality and consumer firstSummer Sandals Comfortable Flat Sequins Girls Flat Sandals B073S6WXDT Parent , Summer With A Thick Slope With A Female Sandals B0746KFGZQ Parent , Casual Slope With Sandals Female B0742JMBC2 Parent , Honeystore Women's Flower Rhinestones Pump Stiletto Heel Prom Sandals Shoes B0746J4V9F ParentMr/Ms Thick Sandals Female Summer B0746JKSMZ Parent Exquisite (middle) workmanship product quality Very practicalSummer Thick Slope With Female Sandals B0746K4BKX Parent , Sandals Female Summer Flat Sandals B0747RNZZ9 Parent , O6 0226 Women, Canvas, Slingback B0746LZRVM Parent , Sandals Women In The Bottom With Sandals B0746KD33S Parent , Sandals Soft Underwear Sandals Elastic Band Tendon At The End Of Sandals B0747Q6T5Q ParentSandals Female Summer Flat With Simple Words With Sandals B0747PQ1TL ParentDiamond Thick Sandals Female Summer B0747TP1Q2 Parent , O6 0202 Women, Canvas, Slingback B0746LH5RT Parent , Livie & Luca Unisex-Child 224PAZ Paz B0747VCX5D Parent , Sandals 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 Parent , Sandals Female Summer Water Drill Sandals B0748GMJYW Parent , Sandals Female Cross With High Heels B0748GKL9Z Parent

Time limit is exhausted. Please reload CAPTCHA.

Man's/Woman's Middle-Aged Mother Sandals Female B073RHBDTM 29782 Parent Middle-Aged Great Good variety Pleasant appearance Good quality da62420 - salonsevendallas.com