Angkorly Women's Fashion 4.5 Shoes Sandals Flip-Flops Parent - Slip-on 29407 - t-Bar - Rhinestone - Pearl Wedge 4.5 cm B079QD56PQ Parent fafdfc2 - 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.”

Angkorly Women's Fashion 4.5 Shoes Sandals Flip-Flops Parent - Slip-on 29407 - t-Bar - Rhinestone - Pearl Wedge 4.5 cm B079QD56PQ Parent fafdfc2

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 *

XTI Women’'s 47775 Ankle Strap Sandals B0778QRFTM Parent , AARZ LONDON Womens Ladies Diamante Toe Post Casual Comfort Summer Lightweight Wedge Slingback Sandal Shoes Size B07DC4VPF4 Parent , AllhqFashion Women's Pu Solid Buckle Open Toe Kitten Heels Sandals B01J76WWIA Parent , Hush Puppies Soft Style Women's Patsie Wedge Sandal B01IU50IVW ParentAngkorly Women's Fashion Shoes Sandals Mules - Sneaker Sole - Ankle Strap - Shiny - Buckle Wedge Platform 9 cm B071XPWSFK ParentShoe the Bear Women’'s Marry S Open Toe Sandals B0773MCGNL Parent , Allhqfashion Women's Buckle Open-Toe High-Heels Patent Leather Solid Sandals B07GN567VD ParentGentleman/Lady Blowfish Women’'s Goya Sandal B076932ZML Parent selling price Medium cost leading the fashionAARZ LONDON Women Ladies Diamante Evening Wedding Party Prom Casual Open Toe Block Heel Sandals Shoes Size B07BDM2LTC ParentWear & Walk UK W&W Womens Ladies Evening Prom Party Stiletto Heel Court Shoes Sandals (SAN3007N) B01MXY82AQ Parent , JIA JIA Bridal 121756 Satin Wedges Open toe Prom Party Dance Wedding shoes Wommen Pumps B00FVUQSD2 ParentAllhqfashion Women's Buckle Kitten-Heels Blend Materials Solid Peep-Toe Sandals,FBULD014806 B07GKGMVPL ParentTAOFFEN Women Ankle Strap Court Shoes Flats B07BTSTFGK ParentAARZ LONDON Women Ladies Sparkly Diamante Evening Wedding Party Bridal Prom Wedge Heel Sandals Shoes Size B07DBBC3WJ Parent , RAZAMAZA Women Block Heel Sandals Ankle Strap B07C4BZZGH Parent , Josef Seibel Women’'s Rosalie 13 Closed Toe Sandals B0759LN329 ParentWomens Ladies Leather Authentic Kolhapuri Chappal Toe-Post Casual Comfort Slip-On Flat Sandals Shoes Size B07F2MX77D ParentAARZ LONDON Women Ladies Evening Wedding Party Casual Open Toe Ankle Strap Medium Block Heel Sandals Shoes Size B07BDQGX8H ParentPDQ Boys Toggle Velcro Summer Trail Sandals Grey B00VRR0DRA ParentWomens Jewelled Strappy Strap Toe Post Summer Sandals B06XQ2DXRR ParentCoolcept Women Fashion Kitten Heel Summer Shoes Sandals B07F9RMGGY Parent , My1stwish Women's Platform Cleated Sole High Heel Sandals B00JWUV98Q Parent , Womens Leather Touch Fastening Sandals Ladies Coolers Flat Comfy Shoes SZ Size 4 5 6 7 8 B00XCL8UII ParentSJJH Women Sandals with Mid Chunky Heel and Open Toe Casual Sandals with Large B071F51YGB Parent , GEMZ London New Womens Diamante Evening Prome Party Wedding Mid Heel Sandals Ladies Shoes Size B00VNPTUDO ParentWomen Ladies Gems Diamante Toe-Post Summer Casual Comfort Slip On Lightweight Flat Sandals Shoes Size B07CTZRX4K Parent , SheSole Womens Flat Wedding Shoes Gladiator Ankle Strap Sandals Size 3-9 B07DFH9B5R Parent , ShuWish UK Sophie Purple Faux Suede Strappy High Heel Sandals B01N2LMTOJ Parent , Comfort Plus Wide Fit Patent Open Toe Wedge Sandal B06W2HZNM5 Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Angkorly Women's Fashion 4.5 Shoes Sandals Flip-Flops Parent - Slip-on 29407 - t-Bar - Rhinestone - Pearl Wedge 4.5 cm B079QD56PQ Parent fafdfc2 - salonsevendallas.com