Northside Women's B01N4WXF0C Kathmandu Waterproof Northside Snow Snow Boot B01N4WXF0C Parent 6d0a2d1 - 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.”

Northside Women's B01N4WXF0C Kathmandu Waterproof Northside Snow Snow Boot B01N4WXF0C Parent 6d0a2d1

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 *

Jambu Women's Broadway Waterproof Snow Boot B01N5VV6X8 Parentpaul green 8997-021 Womens Boot, Blue 4.5 UK B01N658F6Y ParentClarks Women's Medora Sage Ankle Bootie B01N7QHGBV ParentDolce Vita Women's North Ankle Bootie B01N65IYUU ParentSteve Madden Women's Eden Harness Boot B01N67H9VB Parent , Gentleman/Lady Couleur Pourpre Women’s Boots B01N6B63T2 Parent High quality and low overhead The latest technology valuePaul Green Women's 8997-009 Boots Grey Grey B01N658H95 ParentFergalicious Women's Bandana Ankle Bootie B01N7IE21G ParentPaul Green Women's 4247-099 Boots B01N7K5X6X Parent , Bogs Women's Classic Triangles Mid Snow Boot B01N5SMQ9N ParentCLARKS Women's Cabrini Bay Snow Boot, Aubergine, 6 M US B01N7N6CCQ ParentMan's/Woman's Pleaser FLAMINGO-3028 B01N7NJPNC Parent Quality queen the most economical high quality productDr. Martens Winsted Black Canvas Fashion Boot B01N7NBA8P Parent , Men/Women O.X.S. Women’s Boots B01N7NI89B Parent Not so expensive Primary quality Exquisite (processing) processing , CLARKS Women's Cabrini Bay Snow Boot, Aubergine, 7.5 W US B01N7NBXAY ParentSkechers for Work Women's Synergy Algonac Work Boot, Charcoal, 7.5 M US B01N7NTEKT ParentNina Original Women's Wright Ankle Bootie B01N7Y6IR1 Parent , Frye Women's Gabby Ghillie Stud Boot B01N7ON2JT ParentNine West Womens Krayzie Closed Toe Knee High Fashion Boots, Black, Size 8.5 B01N7WT2P9 ParentNero Giardini Women's Boots yellow yellow B01N7Q6PET Parent , Womens boots, colour Brown , brand ALPE, model Womens Boots ALPE AIR FORCE 1 Brown B01N7OHAQE Parent , ECCO Women’s Shape 55 Ankle Riding Boots B01N7VT1TB ParentPour La Victoire Women’s Rickie Ankle Boot B01N7S3T2E Parent , Ariat Women's Witney H2O Western Cowboy Boot B01N7Y4R4R Parent , Paul Green Women's 1401-279 Boots beige antelope/rosewood B01N7ZIXE6 ParentEl Charro Vintage Women Suede/Leather Boots 2328 B01N7YSLEM ParentMen/Women Unisa Lorio Ankle Women B01N80K1YK Parent Guarantee quality and quantity Latest styles Amoy , Diesel Women's Boots black black B01N7ZRBIX ParentRoper Western Boot Womens Embroidered Black 09-021-7124-1424 BL B01N95OQRN Parent

Time limit is exhausted. Please reload CAPTCHA.

Northside Women's B01N4WXF0C Kathmandu Waterproof Northside Snow Snow Boot B01N4WXF0C Parent 6d0a2d1 - salonsevendallas.com