1TO9 Ladies nhta-30292 Buckle Metal Ornament Mule Black Polyurethane 30291 Pumps-Shoes UK - 3.5 UK B06XS6VFDC Parent 1668aaf - 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.”

1TO9 Ladies nhta-30292 Buckle Metal Ornament Mule Black Polyurethane 30291 Pumps-Shoes UK - 3.5 UK B06XS6VFDC Parent 1668aaf

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 *

1TO9 Ladies Metal Ornament Assorted Colors High-Heels Red Polyurethane Pumps-Shoes - 3.5 UK B06XT7Q8RF Parent , 1TO9 Womens Bowknot Platform Peep-Toe Black Polyurethane Pumps-Shoes - 2.5 UK B06XT7GRFL Parent , 1TO9 Ladies Metal Ornament Assorted Colors High-Heels Red Polyurethane Pumps-Shoes - 5.5 UK B06XT9B2FL Parent1TO9 Womens Bowknot Platform Peep-Toe Black Polyurethane Pumps-Shoes - 5.5 UK B06XT87RW5 Parent1TO9 Womens Bowknot Platform Peep-Toe White Polyurethane Pumps-Shoes - 3.5 UK B06XT9DRXH Parent1TO9 Womens Bowknot Platform Peep-Toe White Polyurethane Pumps-Shoes - 2 UK B06XT9CF9S Parent , 1TO9 Womens Bowknot Platform Peep-Toe Red Polyurethane Pumps-Shoes - 5.5 UK B06XT9L8KN Parent1TO9 Womens Bowknot Platform Peep-Toe Polyurethane Pumps-Shoes B06XT9HK6G Parent , 1TO9 Womens Bowknot Platform Peep-Toe Red Polyurethane Pumps-Shoes - 2 UK B06XTB1TKT Parent , 1TO9 Womens Bowknot Platform Peep-Toe Red Polyurethane Pumps-Shoes - 4 UK B06XT9W7GJ Parent , 1TO9 Womens Bowknot Platform Peep-Toe Red Polyurethane Pumps-Shoes - 1 UK B06XTB5WJM Parent , 1TO9 Ladies Metal Ornament Assorted Colors High-Heels Red Polyurethane Pumps-Shoes - 1 UK B06XTB1TMR Parent1TO9 Womens Bowknot Platform Peep-Toe Black Polyurethane Pumps-Shoes - 3 UK B06XTC16DW Parent , 1TO9 Womens Bowknot Platform Peep-Toe Black Polyurethane Pumps-Shoes - 3.5 UK B06XTB5WVP Parent , 1TO9 Womens Bowknot Platform Peep-Toe Red Polyurethane Pumps-Shoes - 3.5 UK B06XTDFGHP Parent1TO9 Ladies Metal Ornament Assorted Colors High-Heels Red Polyurethane Pumps-Shoes - 4.5 UK B06XTCNDFS Parent , 1TO9 Womens Bowknot Platform Peep-Toe Black Polyurethane Pumps-Shoes - 2 UK B06XTF6CVQ Parent , 1TO9 Womens Bowknot Platform Peep-Toe Red Polyurethane Pumps-Shoes - 2.5 UK B06XTDKPZR Parent , 1TO9 Womens Bowknot Platform Peep-Toe Black Polyurethane Pumps-Shoes - 4.5 UK B06XTG713S Parent1TO9 Ladies Metal Ornament Assorted Colors High-Heels Red Polyurethane Pumps-Shoes - 3 UK B06XTF9SKV Parent , 1TO9 Womens Bowknot Platform Peep-Toe Black Polyurethane Pumps-Shoes - 4 UK B06XTHKP92 Parent , 1TO9 Womens Bowknot Platform Peep-Toe White Polyurethane Pumps-Shoes - 3 UK B06XTH54TW ParentMaterial Girl Briele Women Open Toe Synthetic Platform Heel B06XV1PZBP Parent , 1TO9 Ladies Metal Ornament Assorted Colors High-Heels Red Polyurethane Pumps-Shoes - 2 UK B06XTJPZF6 Parent , 1TO9 Ladies Western Glass Diamond Round Toe Black Imitated Suede Pumps-Shoes - 4 UK B06XVCT791 Parent1TO9 Ladies Western Glass Diamond Round Toe Red Imitated Suede Pumps-Shoes - 5.5 UK B06XVCPYGL Parent , 1TO9 Ladies Western Glass Diamond Round Toe Red Imitated Suede Pumps-Shoes - 6 UK B06XVKJ9CN Parent1TO9 Ladies Western Glass Diamond Round Toe Red Imitated Suede Pumps-Shoes - 4 UK B06XVD2Z2H Parent , 1TO9 Ladies Western Glass Diamond Round Toe Black Imitated Suede Pumps-Shoes - 1 UK B06XVPWBXV Parent ,

Time limit is exhausted. Please reload CAPTCHA.

1TO9 Ladies nhta-30292 Buckle Metal Ornament Mule Black Polyurethane 30291 Pumps-Shoes UK - 3.5 UK B06XS6VFDC Parent 1668aaf - salonsevendallas.com