XTI Women’'s XTI 47610 Open Toe Sandals B0778QBFSP Sandals Women’'s Parent c9b6a7b - 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.”

XTI Women’'s XTI 47610 Open Toe Sandals B0778QBFSP Sandals Women’'s Parent c9b6a7b

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 *

ECCO Women’'s Shape 35 Block Sandal Slide B01I6C3CG2 Parent , Jana Women’'s 28306 Sling Back Sandals B077FTYFQV Parent , Crocs Modi Sport Unisex Adult Slide Sandals B01N5HMCVS ParentOffice Women’s Salute Open Toe Sandals B078H7LFZ6 Parent , Gentleman/Lady Keen Women's Bali Sandal B06ZYGZLL6 Parent Special price Comfortable touch Different styles and stylesBetula Unisex - Adult Energy Sandals B00432LPY6 Parent , Tamaris Women’'s 28009 Sling Back Sandals B078HH75QB ParentJana Women’s 28214 T-Bar Sandals B077FN3JVS ParentMan/Woman Elle Vigny, Women’s Sandals B01967AIZY Parent Great variety High-quality materials Known for its excellent quality , Hotter Women’'s Florence EXF Open-Toe Sandals B075GPNB49 Parent , Paper Dolls Luella, Women’s Open Toe Sandals B01FKA86UA Parent , MARCO TOZZI premio Women’s 28133 T-Bar Sandals B077SK5C1V Parent , LOTUS Womens Shoe Sommer White 8 B0786MB15W Parent , AARZ LONDON Womens Ladies Glittery Evening Wedding Party Bridal Prom Platform High Heel Sandals Shoes Size B07BFFJMFG ParentMen's/Women's Tamaris Women’'s 27128 Sandals B01MUFCWAC Parent service The latest technology cheap priceTamaris Women’s 28129 Sling Back Sandals, Black B078HF8ZPP ParentArt 1310F I Create Fantasy Multi Strap Sandals B07CBK296Y Parent , PUBLIC DESIRE Valentine Sandals Nude B07B4Q548R ParentAldo Women’'s Yilania T-Bar Sandals B076VZK1QD Parent , Rieker Women’s 69472 Wedge Heel Open Sandals B005LNCCP2 ParentLotus Women's Latimer Open-Toe Sandals B073SZQ4J9 ParentTamaris Women’s 28318 Sling Back Sandals, Black B0747WM4CQ Parent , ElegantPark EP2031-PF Women Peep Toe Rhinestones Flowers Strappy Satin Wedding Sandals Court Shoes B00JVN60OM Parent , AARZ LONDON Womens Ladies Crystal Open Toe Evening Wedding Party Bridal Comfort Diamante Low Kitten Heel Slip-on... B07DPSKSKK ParentAuthentic Menorcan sandals, various colors, Avarcas Menorquínas abarcas, albarcas. … B01G7SFFL2 Parent , Crocs Women’'s Literide Sandal W Flat B074F7QP56 Parent , Tamaris Women’s 28177 Sling Back Sandals B078HNXHHQ Parent , Hotter Women’'s Dazzle Ankle Strap Sandals B075GPGHXR Parent , Lacoste Women’'s L.30 Slide 118 1 Caw Flip Flops B077DXKQD1 Parent ,

Time limit is exhausted. Please reload CAPTCHA.

XTI Women’'s XTI 47610 Open Toe Sandals B0778QBFSP Sandals Women’'s Parent c9b6a7b - salonsevendallas.com