Pikolinos Vallarta Womens Puerto Vallarta 655-0518 Leather Shoes Pikolinos Shoes B075SGRSH4 Parent ef0796c - 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.”

Pikolinos Vallarta Womens Puerto Vallarta 655-0518 Leather Shoes Pikolinos Shoes B075SGRSH4 Parent ef0796c

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 *

Hot Chocolate Design Chocolaticas Ramen Women's Mary Jane Flat B077SKPZKK ParentLaura Vita Candice 019, Women’s Mary Janes B0756M72DY ParentBanned Apparel Dancing Days Vintage Cherry Heels Ladies Shoes B01INK09ZE Parent , N5135 Pleasant Tibet/Myth Yggdrasil Red Woman Shoes Velcro B076C43VCS ParentAdesso - Lottie Weave Bar Shoes In Black B07B5DK33F Parentshoegeeks Ladies Womens Work Casual Office Smart Low Mid High Kitten Stiletto Heels Bridal Court Bridesmaid Shoes... B0718WZG13 ParentLazutom Women Lady Chinese Style Embroidery Casual Mary Jane Cheongsam Party Dress Shoes B07BQ8W8G8 Parent , Emily Bridal Silk Wedding Shoes Vintage Round Toe Mary Jane Bridal Shoes Ivory Wedding Guest Shoes B07BVT6RJL ParentOxygen Stitch Down Mary Jane Shoe Nisa TAN B07FSNDG4R ParentPieSanto Mary-Jane 180957 Comfort Shoe B07CNWKRXJ Parent , PieSanto Mary-Jane 180756 Comfort Shoe B07CP6946P ParentPieSanto Mary-Jane 180960 Comfort Shoe B07CP5CC13 ParentPieSanto Mary-Jane 180656 Comfort Shoe B07CP6FZDQ ParentHotter Sunset Women's Shoe 4 UK B07GXSY31R Parent , Hotter Sunset Women's Shoe 7 UK B07GXSXKZ2 Parent , Hotter Sunset Women's Shoe 5 UK B07GXSYD92 Parent , Hotter Sunset Women's Shoe 7.5 UK B07GXTK6J2 Parent , Atyche Women's Flats Mary Janes D'Orsay Shoes Dolly T-Bar Closed Toe Summer Lolita Shoes B07BTY8P79 ParentHotter Ecuador Womans Casual Shoe B07GXXH819 ParentWAROFT Ladies Faux Cute Princess Solid Color Spot Insole Hidden Wedge Comfort Walking Flats Platform Mary Janes... B07GZJCTF8 ParentSkechers Women's Rumblers-Space Odyssey-Striped Mary Jane Strap Wedge Pump B07BKM5QHH ParentPadders Plus Women’s Caitlin Loafers B0778QVHMX ParentLazutom Women Lady Vintage Embroidery Round Toe Dancing Rubber Sole Shoes B06VWLS8YS Parent , Cosyfeet Bounce Shoes - Extra Roomy (6E Width Fitting) B07BNWDW8C ParentAndres Machado.AM5203.Mary Jane Heeled Shoes in Patent/Faux Leather/Velvet.Petite&Large Sizes: UK 0.5 to 2.5 /... B073WGDMKM ParentLazutom Vintage Chinese Style Women Embroidery Mary Jane Sandals Comfortable Casual Walking Shoes B01LSOEFHU Parent , Fly London Women's Yasi Leather Mary Janes B07DS6T5HW ParentBoulevard Cipriata Florence Women's Buckle Bar Casual Shoes B075VX6RM3 Parent , Oxygen Warwick Footbed Shoe Black B06ZXT7PHX Parent

Time limit is exhausted. Please reload CAPTCHA.

Pikolinos Vallarta Womens Puerto Vallarta 655-0518 Leather Shoes Pikolinos Shoes B075SGRSH4 Parent ef0796c - salonsevendallas.com