HOGAN DONNA DONNA Interactive Mod. HXW00N0S3609KEB800 30240 in Camoscio B07H51TD1V Grigio con H Glitterata Parent B07H51TD1V 6cda184 - 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.”

HOGAN DONNA DONNA Interactive Mod. HXW00N0S3609KEB800 30240 in Camoscio B07H51TD1V Grigio con H Glitterata Parent B07H51TD1V 6cda184

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 *

YMFIE Trendy pinch mop ladies summer thick bottom antiskid sandy beach antiskid slippers Parent B07CBW68ZF , Capezio Women's Free2 Dance Shoe Parent B0060LIRWGMGM-Joymod Women's Comfort Peep Toe Flared Heel Floral Synthetic Cross Strap Social Dance Ballroom Latin Modern... Parent B07FXWKT5DZHZNVX Women's Shoes PU Summer Comfort Sandals Low Heel Round Toe for Birthday White/Black Parent B07D56LTMVJ Slides Women’s Audra Sneaker Parent B076DZ6Q8YMen/Women Fornarina Women’s Daily Trainers Parent B0788DFR1Q Quality products At a lower price Very good coloradidas Originals Women's Stan Smith W Fashion Sneaker, Clear/Brown/Clear/Brown/Vapour Green Fabric, 11 M US Parent B01K8P5IXA , adidas Originals Women's Stan Smith W Fashion Sneaker, Clear/Brown/Clear/Brown/Vapour Green Fabric, 7.5 M US Parent B01K8P6PBEAdidas Women's Stan Smith W Originals Cbrown/Cbrown/Vapgrn Casual Shoe 7 Women US Parent B01K8P6PC8adidas Originals Women's Stan Smith Fashion Sneakers, Clear/Brown/Clear/Brown/Vapour Green Fabric, (6.5 M US) Parent B01K8P6S02 , adidas Originals Women's Stan Smith W Fashion Sneaker, Clear/Brown/Clear/Brown/Vapour Green Fabric, 6 M US Parent B01K8P741EKAANAS Women’s Arizona Leather Espadrille Sneaker Parent B075MW9VTT , Converse Chuck Taylor All Star Eyelet Stripe Ox Shoes - Womens Parent B01HSB3VFE , NIKE WMNS Air Max 90 SE Women Lifestyle Shoes Parent B001KUNENOJ'hayber Women's Cross Trainers White Silver Parent B079Z86L8Z , Merrell Women's Encore Q2 Ice Fashion Sneaker, Stone, 9 M US Parent B01N1T8VHL , CONVERSE CTAS HI LEATHER DISTRESSED 158964C 020 MENS MODA Parent B076584V5J , MINITOO QJ6234 Women's T-Strap Printed Coffee Pleather Latin Salsa Ballroom Dance Shoes UK 6 Parent B06Y4B5LDT , Dolce Vita Women's Zombie Fashion Sneaker Parent B01KIAO9MQ , adidas Women’s Crazytrain Elite W Fitness Shoes Parent B072KH3BJL , Supra Unisex Adults' Vaider Cw Trainers Parent B071CPCXGBMINITOO QJ6234 Women's T-Strap Printed Coffee Pleather Latin Salsa Ballroom Dance Shoes UK 8 Parent B06Y49DNKJWomen's PU Summer Casual Chunky Heel White Silver Golden Burgundy Parent B074Y7SRTR , New Balance 373, Women’s Trainers Parent B01NBNPGQFMINITOO QJ6234 Women's T-Strap Printed Coffee Pleather Latin Salsa Ballroom Dance Shoes UK 4 Parent B06Y46V22H , Merrell Women's Encore Q2 Ice Fashion Sneaker, Merrell Stone, 11 M US Parent B01N6HS5Y3MINITOO QJ6234 Women's T-Strap Printed Coffee Pleather Latin Salsa Ballroom Dance Shoes UK 5.5 Parent B06Y48LB2P , MINITOO QJ6234 Women's T-Strap Printed Coffee Pleather Latin Salsa Ballroom Dance Shoes UK 2 Parent B06Y4857XVMINITOO QJ6234 Women's T-Strap Printed Coffee Pleather Latin Salsa Ballroom Dance Shoes UK 5 Parent B06Y49BF8J ,

Time limit is exhausted. Please reload CAPTCHA.

HOGAN DONNA DONNA Interactive Mod. HXW00N0S3609KEB800 30240 in Camoscio B07H51TD1V Grigio con H Glitterata Parent B07H51TD1V 6cda184 - salonsevendallas.com