Ladies B00A25YUH2 Black Patent Bow Front Court Shoe Ladies - Black Patent - size UK Ladies Size 8 B00A25YUH2 Parent 37823cc - 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.”

Ladies B00A25YUH2 Black Patent Bow Front Court Shoe Ladies - Black Patent - size UK Ladies Size 8 B00A25YUH2 Parent 37823cc

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 *

SendIt4Me Ladies Satin Open Toe Sling Back high Heel Party Shoes with Diamante Detail B00J4IU5X6 Parent , New Women Ladies Multi Bow Detailed High Heel 6 inch Closed Toe Faux Suede Stiletto Platform 1.5 inch Court Shoes... B00IVMCOEY Parent , SendIt4Me Ladies Brushed Suedette high Heel Court Shoes with Large Bow B00J7K25ZW ParentMicheleX 7912 White PVC High Heel Court Pump Sandals Shoes Club Wear B00IZJ3ULE Parent , Ladies Womens High Stiletto Heel Suedette Platform Courts Shoe Size 3 4 5 6 7 8 - B00JCPMMGO Parent , Michele X Latest Fashion – 7907 Bronze PVC 4.5 inch Stiletto Heel Shoes B00JHGUZLW ParentMichele X Latest Fashion – 7907 Purple PVC 4.5 inch Stiletto Heel Shoes B00JHH0GQU Parent , Michele X Latest Fashion – 7907 Pink PVC 4.5 inch Stiletto Heel Shoes B00JHH0H9G Parent , Lunar Women's Venus Court Shoes B00KBZUT8C ParentLunar Womens Hollis/FLH115 Court Shoes B00KC043LK Parent , PEEPTOE Black Glitter Stiletto Very High Heel Platform Peep Toe Shoes B00KHSDC5A ParentHOTLIPS Black Suede Studded Point Court Shoe Size 3 to 8 B00KLAOTV0 Parent , Ladies Womens Mid Heel Court Shoe / Office / Formal Shoes - Orange - UK Size 3 B00KO2EBYK ParentLadies Womens Mid Heel Court Shoe / Office / Formal Shoes - White - UK Size 3 B00KO2N5IS ParentWedding Shoes - Bride / Bridal / Bridesmaid / Prom / Shoes - Silver - Size 8 UK B00KO3MTO8 Parent , Wedding Shoes - Bride / Bridal / Bridesmaid / Prom / Shoes - Black - Size 3 UK B00KO3F8ZK ParentLadies Womens High Heel Court Shoe / Office / Formal Shoes - Blue - UK Size 4 B00KO42XRK ParentLadies Womens High Heel Court Shoe / Office / Formal Shoes - Nude - UK Size 5 B00KO4B40M ParentLadies Womens High Heel Court Shoe / Office / Formal Shoes - Nude - UK Size 8 B00KO4DTWS ParentBlack low heel padded inner comfort shoes B00KQ0Z7EI Parent , Ajvani Womens ladies wedding evening bridal high heel platform prom diamante court shoes size B00KY4IOGY Parent , Tamaris 22154, Women’s Court Shoes B00KQNI7VU Parent , Womens Ladies Wedding Bridal Christening Peep Toe High Stiletto Heeled Court Shoes Heels B00L2B6GAO ParentAjvani Womens ladies gems diamante stiletto high heel platform party ankle strap sandals court shoes pumps size B00KYY449A ParentAjvani Womens ladies high heel platform wedding diamante party prom peep toe court shoes pumps size B00L3FFUA6 ParentSAPPHIRE Women's Suede Patent Heels Slip On Party Ladies Platform High Heel Shoes B00L2FJ5XK ParentAjvani Womens ladies high heel wedding bridal evening satin prom party bow court shoes pumps size B00L3GNHJG Parent , FANTASIA BOUTIQUE ® Ladies Pointed Front Bow White Cut Out Women's Thin Strap Low Heels Shoes B00L5FG6MU Parent , Ajvani Womens ladies bridal wedding peep toe high heel platform sandals court shoes pumps size B00L3GP24Y Parent

Time limit is exhausted. Please reload CAPTCHA.

Ladies B00A25YUH2 Black Patent Bow Front Court Shoe Ladies - Black Patent - size UK Ladies Size 8 B00A25YUH2 Parent 37823cc - salonsevendallas.com