BEARPAW Morgan Slate Blue Womens Winter Womens Boot Size 6M Blue B06XRMZMTM B06XRMZMTM Parent c4727fe - 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.”

BEARPAW Morgan Slate Blue Womens Winter Womens Boot Size 6M Blue B06XRMZMTM B06XRMZMTM Parent c4727fe

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 *

Albano 6051 Ankle Boots Women B06XXT6SP8 ParentCafè Noir MFA208273370 E17.277 Antracite 38 Ankle Goat multiprint Laminated B06XXRTRQ4 Parent , Skechers womens Keepsakes - Fuzzy Feelings B06XXY4VL4 Parent , Marc Fisher Women’s Olympia Over The Knee Boot B06XXZJ2Z7 Parent , Giani Bernini Womens CELINAA Leather Almond Toe Ankle Platform Boots B06XY42ZFF Parent , BEARPAW Women's Marlowe Boot Black II Size 6 B(M) US B06XY4QQ8J ParentBEARPAW Marlowe Women's Boot 9 B(M) US Hickory B06XY5KHXH Parent , Bearpaw Womens Willow Winter Boot, Black, 8 B06XY5NCN4 ParentBEARPAW Women's Camila Fashion Boot, Black, 10 M US B06XY5NG46 Parent , Gentleman/Lady Billabong womens Levy B06XY6JC4H Parent Year-end special promotions Good market Modern and elegantBEARPAW Womens Kennedy Winter Boot Charcoal Size 8 B06XY6NBJ7 Parent , BEARPAW Women's Britney Fashion Boots, Black Cow Suede, Sheepskin Fur, Rubber, 11 M B06XY84HZ5 ParentBEARPAW Whitney Women's Waterproof Nylon Sheepskin Snow Boots NeverWet Gray Size 8 B06XY89MB2 Parent , BEARPAW Women's Shana Fashion Boot, Black, 8 M US B06XY8P2QT ParentBEARPAW Women's Camila Fashion Boot, Black, 9 M US B06XY918FS Parent , BEARPAW Women's Shana Fashion Boot, Hickory, 7 M US B06XY92ZCH Parent , BEARPAW Women's Camila Fashion Boot, Black, 8 M US B06XY94QWD ParentBEARPAW Women's Shana Fashion Boot, Hickory, 10 M US B06XY94ZJD ParentBEARPAW Women's Shana Fashion Boot, Black, 10 M US B06XY9J2S8 Parent , Steve Madden Women's Officer Combat Boot B06XYB7DR5 ParentAlbano 6174 Ankle Boots Women B06XYBL38R ParentBEARPAW Women's Hayden Boot Hickory II Size 6 B(M) US B06XYFWF7N Parent , BEARPAW Women's Hayden Boot Hickory II Size 9 B(M) US B06XYFZ1YR ParentBEARPAW Morgan Hickory Ii Womens Winter Boot Size 9M B06XYG2J9V Parent , BEARPAW Womens Krista Closed Toe Mid-Calf Cold Weather Boots, Olive, Size 8.0 B06XYL9H2H ParentBEARPAW Womens Natalia Winter Boot Plum Suede Size 7 B06XYGJCK4 ParentBEARPAW Women's Shana Fashion Boot, Hickory, 8 M US B06XYL2RTC ParentBEARPAW Marlowe Women's Boot 7 B(M) US Hickory B06XYGNQRT Parent , BEARPAW Women's Marlowe Boot Olive Size 6 B(M) US B06XYHV28D Parent

Time limit is exhausted. Please reload CAPTCHA.

BEARPAW Morgan Slate Blue Womens Winter Womens Boot Size 6M Blue B06XRMZMTM B06XRMZMTM Parent c4727fe - salonsevendallas.com