NIKE nhta-20676 Women's Air Max 1 QS (Floral) Parent Air Parent B07CQDVP1W 1bfab88 - 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.”

NIKE nhta-20676 Women's Air Max 1 QS (Floral) Parent Air Parent B07CQDVP1W 1bfab88

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 *

MTNG Women’'s Akira Fitness Shoes Parent B077SKH8BK , CHAQLIN Bright Color Running Shoes for Women Men Size 35-45 Parent B077P796DN , New Balance Women's WW1065V1 Walking Shoe Parent B00R78ZLJSNevados Women's Bogger Low Waterproof Rubber/Neoprene Shoe Parent B00366DXBIsnfgoij Ladies Hiking Shoes Girls Lightweight Walking Shoes Sports Tourism Casual Shoes Outdoor Running Shoes... Parent B07CY1LFD3Onitsuka Tiger D6G1L.9393 Low Sneakers Man Parent B01N0FES75 , BTBTAV Drag And Drop The Word Women Shoes Summer New Casual Wear Cool Slippers Eu 39 Silver Parent B07DLTLCG9VECJUNIA Ladies Leather High-Top Dance Shoes Ankle Boots Short Boots Parent B01FPB3UPK , MINITOO Women's Flared Heel White Ballroom Salsa Latin Dance Pumps 2.5 M UK Parent B01EH32TX6 , MINITOO Women's Flared Heel White Ballroom Salsa Latin Dance Pumps 4.5 M UK Parent B01EH32XVE , MINITOO Women's Flared Heel White Ballroom Salsa Latin Dance Pumps 5.5 M UK Parent B01EH32ZV2Miyoopark Ladies 2.5 inch Heel Satin Latin Dance Pumps Wedding Shoes MY-L185 Parent B01NAAW4AL , Zormey Women'S Spring Summer Fall Patent Leather Wedding Dress Party &Amp; Evening Chunky Heel Bowknot Others... Parent B072NHRHB6 , Vazan - Adult Unisex Flat Water Shoes Outdoor Swimming Soft Cushion Beach Shoes Seaside Diving Elastic Shoes Walking Parent B07FR8T89J , Zenzzle Black Hearts Signs Print on Women's Running Shoes Casual Lightweight Athletic Sneakers US Size 6-15 Parent B0785ZL9T6 , STEELEMENT Womens Flyknit Running Shoes Walking Sneakers Parent B07DNC6NLV , NIKE Womens WMNS Air Max Plus LX Gunsmoke Velvet Parent B00KLEQTTQNew Balance - Womens WXC50003 Competition Shoes Parent B01N0GK9ZM , adidas Chaussure Trail Vigor 5 tr W Femme Multicolor C76295 Parent B06XD8LQH8Womens The North Face Ultra Fastpack 2 GTX Grey Green Walking Shoes Parent B01HH8NXPQGentlemen/Ladies Take Me Home Parent B014JC0YI2 Rich design Known for its good quality retail price , Love Moschino - Women's Sneakers Parent B071FSWYQ6Nike Women’s WMNS Flex Contact Fitness Shoes Parent B00GP9902OConverse Mesh Trnr Ox Style Men's Sneaker # 1Q466 Parent B005BCX57C , Men/Women Ash Women’s As-Nippon Sneaker Parent B0757CQ9MZ Excellent craft Beautiful Clearance sale , Asics Women’s Gel-Lyte V Trainers Parent B0772N16DT , STEELEMENT Women's Casual Walking Athletic Shoes Breathable Mesh Running Sneakers Parent B07DXVSHV8 , Tokyo Ghoul Anime Kaneki Ken Cosplay Shoes Canvas Shoes Sneakers Black/White Parent B019GTF1OU , Cafè Noir MDG9151813390 1813 PLATINO/ARGENTO 39 Parent B01NA0L1E2 ,

Time limit is exhausted. Please reload CAPTCHA.

NIKE nhta-20676 Women's Air Max 1 QS (Floral) Parent Air Parent B07CQDVP1W 1bfab88 - salonsevendallas.com