Ajunr 30249 Fashionable Women's shoes Light Single Light port Elegant gray Wild 9cm high-heeled shoes Single Shoes Casual,Office,... B07BFBL6MS Parent 13d9160 - 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.”

Ajunr 30249 Fashionable Women's shoes Light Single Light port Elegant gray Wild 9cm high-heeled shoes Single Shoes Casual,Office,... B07BFBL6MS Parent 13d9160

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 *

Qingchunhuangtang@ Tip slippers silk satin slippers lazy bones shoes B07BT9V37N Parent , MDRW-Lady/Elegant/Work/Leisure/Spring Tassel 13Cm High Heels Fine Heel Suede Women'S Shoes Waterproof Platform... B07BK58MPW Parent , Ajunr Fashionable Women's shoes wool stripes Fine followed Tip Green Wild waterproof Taiwan high-heeled shoes... B07BFCJ6GN ParentSFSYDDY-Sexy Lip embroidery high-heeled shoes female fashion sexy stiletto shoes work shoes. B07BML4Q9M ParentSHOESHAOGE Sandals Female High-Heeled Waterproof Taiwan Fish Mouth Women Shoes Slope With Female Sandals B07BGXW39V ParentGAOLIM Single Shoes Female Summer Flat Ballet Shoes Shallow Mouth Dance Shoes Strap Women Shoes B07BRSZQNR ParentMDRW-Lady/Elegant/Work/Leisure/Spring Fine Heel 9Cm Heels Women'S Shoes Sharp Heads Single Shoes Water Drill Square... B07BK3HGQ9 Parent , HXVU56546 During The Spring And Autumn Seasons Big Code Women'S Shoes Thick With Thick High-Heel Shoes Single... B07BTWBRS1 Parent , HXVU56546 The Spring And Autumn Season With Women'S Shoes Black With A Large Number Of Shoes Women Shoes B07BWGPQYH Parent , SHOESHAOGE Sandals Female Thick With Waterproof Taiwan High-Heeled Fish Mouth Shoes, Women Shoes With Rome. B07BWRMPYJ ParentKPHY In Spring The New The Increase In Thickness Bottom Female Leisure All-Match Tie Shoes Shoes B07BZDFVYW Parent , KPHY Shallow Single New Female Shoes Spring Low Heel Shallow Mouth Word Buckle Hollow Heel High Heel Shoes B07BZHB4CN ParentKPHY In Spring All-Match Shoes Leather 9Cm Shoes A Lady Hollow Word Deduction Occupation Fine Documentary Shoes B07BZGQSNL Parent , KPHY In Spring The New Word Buckle Coarse Women'S Shoes 7Cm Pointed High-Heeled Shoes Shallow Mouth All-Match... B07BZHXPMX Parent , KPHY In Early Spring The Empty Side A Buckle A Spring A New 6Cm High Heels Jacobs With Thick Single Shoes Women'S... B07BZHSCM2 ParentKPHY Summer Sandals Female New Thin Waterproof Muffin Thick Soles Women Shoes All-Match 9Cm Heel Toe Wedge Sandals B07BZJ66Z6 ParentKPHY The New 8Cm With Thick High Heels With Spring Autumn All-Match Leather Shoes Single Shoes Women Shoes B07BZHYY15 ParentKPHY Elegant 10Cm High Heels Women'S Shoes Super Heels Shallow Mouth Sharp Head One Word Band Water Drill Bow... B07BZJWR6T Parent , KPHY The Spring And Autumn Period A Woman With A Fine 7Cm All-Match High-Heeled Shoes Single Shoes Female Metal... B07BZJQPYC ParentKPHY New Waterproof 10Cm High Heels Sandals With A Fine A Buckle Fish Mouth Sandals All-Match Summer Female Shoes B07BZK8RPD Parent , KPHY In Summer The New Rhinestone Hollow High-Heeled Shoes 10Cm All-Match Single Shoes Sexy With A Fine Waterproof... B07BZLLCV4 ParentQingchunhuangtang@ Square Color Thick With Sandals And Slippers Sandals Shoes Low Word B07BZLLLN9 Parent , KPHY In Autumn The New Head Mouth Low Shoes Set Foot Side With Shoes Waterproof Shoes Female B07BZM18D1 ParentKPHY Sandals Women Summer New Style Waterproof Platform One Word Buckle Women'S Shoes Rough Heel Sexy Toes Fish... B07BZN611P ParentKPHY Thick Bottom Slippers Women Summer New Female 12Cm Super Heeled Shoes Outer Wear Word Drag Fish Mouth Slope... B07BZM2Z7T ParentKPHY The New Summer Sandals Fashion Wear High-Heeled 7Cm With A Fine Go Out All-Match Slippers Semi Slippers Shoes B07BZNFVM7 Parent , KPHY Spring New Style Round Head Fashion 8Cm High Heeled Shoes Word Buckle Shallow Mouth Waterproof Platform Rough... B07BZNDK82 Parent , Qingchunhuangtang@ High Heel Shoes, Fine Heels, Sandals, Shoes, Dress Shoes, Shoes And Shoes B07C1BV3YS Parent , KPHY The New Autumn And Winter Thick Bottom All-Match Students Leisure Fresh Increased Shoes And Muffins. B07CBMY5XN Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Ajunr 30249 Fashionable Women's shoes Light Single Light port Elegant gray Wild 9cm high-heeled shoes Single Shoes Casual,Office,... B07BFBL6MS Parent 13d9160 - salonsevendallas.com