NIKE Boy's Air B01MU11O4W Max Infuriate Max US (GS) Basketball Shoe Black/White/Volt/Cool Grey Size 7 M US Parent B01MU11O4W 7fea80f -

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.”

NIKE Boy's Air B01MU11O4W Max Infuriate Max US (GS) Basketball Shoe Black/White/Volt/Cool Grey Size 7 M US Parent B01MU11O4W 7fea80f

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 *

HIPPOSEUS Women's Satin Latin&Modern dance shoes Dance Shoes Ballroom Shoes,Model AF311 Parent B074M2WPCCRUGAI-UE Thick Soled Sandals Wear Summer Slippers Women Shoes Parent B073WT4L7YMGM-Joymod Women's Mid Heel Fashion Leopard Synthetic Jazz Rumba Tango Ballroom Latin Dance Closed Toe Shoes Parent B07DMGWMG9ThiKin Stylish Custom Design Flat Unisex Sport Safety Shoes Tennis Shoes Parent B07GNSQLKZZormey Women'S Heels Spring Comfort Microfibre Casual Chunky Heel Red Brown Beige Black Parent B072R4JL5GWXMDDN Latin Dance Shoes Brown Dance Shoes Adult Children Soft Soles Exercise Shoes Dance Shoes Four Seasons Parent B077YQVRP3ZHZNVX The new pin ring tip satin women's shoes thick with high-heeled shoe girls pale mouth single shoes Parent B07C8P2LNN , Manadlian Women's Sandals Women Lady Flat Shoes Bandage Boho Casual Bandage Sandals Peep Toe Outdoor Shoes Parent B073VMLQBN , Maddox Country Women’s Low-Top Sneakers Parent B07CGRZ795ZHZNVX Women's Shoes PU Spring Comfort Sandals Block Heel Round Toe for Casual Black Silver Brown Parent B07D7298XTHROYL Women Satin Ballroom Dance Shoes Latin Salsa Performance Dance Shoes LP-217 Parent B07G5YC866 , Zenzzle Womens Running Shoes Colorful Hearts Pattern Print for Laides Outdoor Sneakers Parent B07CR5CV8Badidas Zx Flux, Women’s Low-Top Sneakers Parent B00X7I42QK , Antiskid lady slippers, women's summer fashion beach shoes, word slippers Parent B0744GZ87QHIPPOSEUS Women's Standard Latin Dance Shoes,Heel Height 5/7CM, Model UKLP1213 Parent B07F9Q5SN8Zenzzle Ornate Pattern Print on Women's Running Shoes Casual Lightweight Athletic Sneakers US Size 6-15 Parent B07861HMX5 , K-way Giubbino Donna Lily Plus Double Metal k0085eo White Gold 900 Estivo Slim ss18 Parent B07B2ZS9HJMGM-Joymod Womens Peep Toe Glitter Synthetic Single Strap Evening Wedding Tango Ballroom Modern Latin Dance Shoes Parent B07D6HHWMRRUGAI-UE Thick Soled Sandals Women Summer Casual Shoes Diamond Parent B073WT1S8Y , Peter Storm Women's Trim Wellies Medium Parent B01MTKEOH5 , PLOT❤Kid's Girls Dance Shoes Sequins Bling Princess Shoes(Toddler/Little Kid/Big Kid) Parent B07H4G1F3K , Showudesigns Fashion Sport Running Shoes Anti-Skid Breathable Sneaker for Women Ladies Parent B07DX922V3CFP Womens Latin Tango Cha-cha Ballroom Custom 3''/4'' Heel Professional Indoor Dance Shoes Parent B016U5RXA8 , RTRY Women'S Sandals Marylight Soles Pu Summer Casual Dress Walking Mary Jane Light Soles Buckle Flat Heel Black... Parent B074K4MSG5Binglinghua® Women Gold Glitter Latin Salsa Ballroom Dance Shoes Parent B07B8NT3RS , Salabobo YYM-L129 Womens Latin Ballroom Party Wedding Cha-cha Peep Toe Mid Heel Rhinestone Satin Dance Shoes Parent B01NBL7SWHKennel + Schmenger Sky Women's Sneakers Black Parent B079QQ7PJF , Zenzzle Womens Running Shoes Colorful Graffiti Pattern Print on for Ladies Outdoor Running Sneakers Parent B07CG6H16XZenzzle Womens Running Shoes Purple Flower Pattern Print for Ladies Outdoor Running Sneakers Parent B07CLGCNZ2 ,

Time limit is exhausted. Please reload CAPTCHA.

NIKE Boy's Air B01MU11O4W Max Infuriate Max US (GS) Basketball Shoe Black/White/Volt/Cool Grey Size 7 M US Parent B01MU11O4W 7fea80f -