Rieker Sandals 62461-14, Women’s Heels B00AWOTIEI nhta-23843 Sandals B00AWOTIEI Parent 760d90d - 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.”

Rieker Sandals 62461-14, Women’s Heels B00AWOTIEI nhta-23843 Sandals B00AWOTIEI Parent 760d90d

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 *

Rieker Women’s 62436 Closed Toe Sandals B075GZXYVR Parent , Gentleman/Lady Birkenstock Madrid, Unisex-Adults' Sandals B000UWI5R8 Parent New varieties are launched Settlement Price cheap priceEllie Shoes Women's 431-Darling Sandal B004QT4VTW ParentRieker 62866, Women’s Closed Toe Sandals B004S5O7ZM Parent , Annie Shoes Women's Blast Dress Sandal B0168I224O ParentBirkenstock Yara, Women's Sandals, Habana, 7 UK (40 EU) B002Y4H94U Parent , Solillas Women’s Noche Sling Back Sandals B00SYI0W44 Parent , Rieker Women’s 62809-40 Heels Sandals B01MYPKBBR ParentTed Baker Women’s Noxen 2 Ankle Strap Sandals B07BB7PBRK Parent , Tommy Jeans Women’s Metallic Flatform Sandal B078T79NRT ParentAnnie Shoes Women's Lara Wide Calf Dress Sandal B01GKEDHPO Parent , Ellie Shoes Women's M-Loretta Dress Sandal B000BJ0NL6 ParentEllie Shoes Women's 711 Jewel Platform Sandal B000B386R0 ParentGentleman/Lady Gabor Shoes Women's Sandal B004DTTKV4 Parent for you to choose special function The first batch of customers' comprehensive specificationsEllie Shoes Women's 821 Chrome Platform Sandal B00JEEZ4RM ParentEllie Shoes Women's 532-Mia Platform Dress Sandal B007ZZ2SR6 Parent , Scholl Pescura Flat Sand, Unisex Adults’ Clogs B00V7T8QCC ParentColumbia Kyra Vent, Women’s Sandals Trekking and Walking Shoes B00KWK59JU Parent , Rieker Ladies Slingback Heeled Shoes 43769 B07BFFNPVV ParentEllie Shoes Women's 609-Neve Platform Dress Sandal B00P7RMFFY Parent , GERRY WEBER Women’s Florentine 05 Open Toe Sandals B078GN3MD1 ParentAnnie Shoes Women's Blast Wide Calf Dress Sandal B0168I2DFC Parent , Gabor Shoes Comfort Women's Sandal B004DMZ7EU ParentSHOOT Shoes Sh-160044dd Damen Sommer Leder Sandale, Women’s Wedge Heel Platform Sandals B018JUB6HS ParentEllie Shoes Women's 609-Saige Platform Sandal B017S44GE6 ParentBuffalo Women’s 315276 IMI Suede Bhwmd A350 Wedge Heels Sandals B01M65JQAF Parent , Ellie Shoes Women's 609-Giraffe Platform Sandal B00M8EXUMQ ParentBuffalo Women’s S382c-11 F350f S0003a IMI Sue Wedge Heels Sandals B01M8JUAI4 ParentDr. Scholl's Shoes Women's Shine Heeled Sandal, Black, 8 M US B01MF9O8RK Parent

Time limit is exhausted. Please reload CAPTCHA.

Rieker Sandals 62461-14, Women’s Heels B00AWOTIEI nhta-23843 Sandals B00AWOTIEI Parent 760d90d - salonsevendallas.com