TAOFFEN Women's Winter Pull B0781MN6C8 Snow Boots Pull On TAOFFEN B0781MN6C8 Parent 5446cb4 - 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.”

TAOFFEN Women's Winter Pull B0781MN6C8 Snow Boots Pull On TAOFFEN B0781MN6C8 Parent 5446cb4

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 *

SJJH Women Ankle Boots with Block Heel and Pointed Toe Fashion Boots with Large B0783R9R5S Parent , Onewus Women Trend All-Match Black & White Chunky Heel Knee Boots with Zip B0783R7N3X Parent , Onewus Women Dress Stiletto Pointed Toe Ankle Boots with Solid Color B0783RCPNX ParentOnewus Women Ankle Boots with High Heel and Large Size Fashion Boots with Cute Bowtie B0783RCMRH Parentfereshte Women's Over Knee Suede Fleece Lined Mid Block Heel Snow Riding Boots B078423THB ParentOnewus Women Dress Chunky Heel Ankle Booties with Fringes Square Heel Zipper Boots B0783RCPPS Parent , Women's Plush Suede Fur Fleece Lined Shoes Block Mid Heel Boots B078425KXP Parent , SJJH Ankle Boots with Low Chunky Heel and Plus All Match Women Short Boots B07841ZJ1D Parent , COOLCEPT Women Stylish Long Boots B07842946F ParentMoonwalker Women's Genuine Cow Leather Wingtip Ankle Boot B0784247G8 Parent , VECJUNIA Ladies Sexy High Heels Waterproof Platform PU Boots Over The Knee Party Boots B078427N3L Parent , COOLCEPT Women Fashion Boots Zipper B07842VSFB Parent , Aleader Women's Waterproof Fur Lined Winter Boots Casual Warm Ankle Snow Boots B07842J7LJ Parent , LuckyBB Women's Winter Plush Boots Martin Square Heels Platform Boots B07842WF8D Parent , Lazutom Women Lady Vintage Chinese Style Embroidery Wedge Boots B07842Y7GK Parent , Agodor Womens Classic Block Mid Calf Boots Round Toe Mid Heels Slip On Warm Winter Shoes B07842WCCX ParentAgodor Womens Sweet Bowtie Boots Wedges Heels Faux Fur Platform With Rivet Round Toe High Heels Shoes B0784322G3 Parent , fereshte Womens Ladies Chelsea Mid Heel Elastic Buckle Suede Ankle Boots B07842WQMK ParentRAZAMAZA Women Tall Boots Zipper B078436K5J Parent , JT Women's Boots Black black/gold B07842ZZYQ Parentfereshte Womens Ladies Chelsea Mid Heel Fleece Lined Suede Mid-Calf Ankle Boots B07843777K Parent , TAOFFEN Women's Bootie Boots With Zipper B078439T9F ParentGentleman/Lady TAOFFEN Women's Booties Boots B07843VFLW Parent Long-term reputation New style have funGentleman/Lady TAOFFEN Women's Autumn Boots B07843K8H5 Parent flagship store modern value , RAZAMAZA Women Fashion Bootie Slip-On Monk-Strap B07844VGF5 Parent , TAOFFEN Women's Hidden Heel Boots Zipper B078459LDJ ParentTAOFFEN Women's Ankle Boots With Zipper B078459LDF ParentuBeauty Women Snow Boots Waterproof Warm Outdoor Sports Boots Anti Skid Winter Slip On Boots Zip Boots B07845GQ93 Parent , TAOFFEN Women's Lang Boots Pull on B07845FT4C Parent

Time limit is exhausted. Please reload CAPTCHA.

TAOFFEN Women's Winter Pull B0781MN6C8 Snow Boots Pull On TAOFFEN B0781MN6C8 Parent 5446cb4 - salonsevendallas.com