Palladium Pampa Hi 92352-060 Canvas 29450 Womens 92352-060 Palladium Boots - Black - 39.5 B0798MWN5W Parent 8ca9e53 - 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.”

Palladium Pampa Hi 92352-060 Canvas 29450 Womens 92352-060 Palladium Boots - Black - 39.5 B0798MWN5W Parent 8ca9e53

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 *

Gentlemen/Ladies s.Oliver 5-25334-21 Womens Booties B079H2T52N Parent Crazy price, Birmingham Stylish and charming retail price , Tom Tailor Women’s 5890103 Ankle Boots B079H41XB1 Parent , Tom Tailor Women’s 5890002 Ankle Boots B079H6D8DS Parent , Bugatti Women’s 4.31578e+11 Ankle Boots B079FX9HBJ ParentTom Tailor Women’s 5893102 Slouch Boots B079HBTVDY ParentWomen Over the knee Boots rubber bottom Non-slip Wear-resistant Precise Reinforced waterproof, Rough with warm... B079GB2LW7 ParentXZ Female Boots Fashion Autumn High-Heeled Low Boots B079HS393B Parent , XZ Thick Heel Sexy High-Heel Boots Female Boots B079FSLW5R ParentAutumn and Winter Short Boots Sexy Fine Heel Pointed Female Boots B079HTGQD3 Parent , XZ Autumn and Winter Short Boots Female Thick High-Heeled Side Zipper Martin Boots B079HST9R2 Parent , XZ Autumn and Winter High-Heeled Short Boots Sexy Pointed Thin Heel Female Boots B079HTJQG9 Parent , Tom Tailor Women’s 5890105 Ankle Boots B079HBYNV6 ParentXZ Autumn and Winter Short Boots Female Thick High-Heeled Pointed Female Boots B079HTQLD4 Parent , XZ Autumn and Winter Martin Boots Female Thick Heel Mid Heel Round Head Short Boots British Style B079HTQLD8 Parent , XZ Autumn and Winter Waterproof Taiwan Martin Boots Female Thick High-Heeled Short Boots B079HV3JYY ParentEurope and The United States Fashion Square Head Thick Heel Mid Heel Autumn and Winter Low Boots B079HW98HJ ParentXZ Autumn and Winter Short Boots Female Mid Heel Round Head Martin Boots Fashion Duantong Female Boots B079HW31WH Parent , XZ Autumn and Winter High-Heeled Short Boots Female Thick Heel Martin Boots B079HW8QCR ParentXZ Autumn and Winter Thick Heel Short Boots Pointed High-Heeled Female Boots B079HTJQR7 Parent , Autumn and Winter Martin Boots Female British Style Student Korean Version Harajuku Handsome Boots B079HWC1Y4 ParentXZ Winter Sexy Slim High Heel Short Boots Fashion Spell Color Female Boots B079HWFSSF Parent , XZ Europe and The United States High-Heeled Short Boots Duantong Student Leisure Side Zipper Belt Buckle Ladies... B079HWDCQM Parent , XZ Autumn and Winter Short Boots Female Sexy Slim High Heel Back Zip Pointed Short Boots B079HWC1Z1 ParentAutumn and Winter High-Heeled Short Boots Thin Heel Openwork Round Head B079HWQPG4 Parent , XZ Autumn and Winter Sexy High-Heeled Thick Heel Martin Boots Low Boots B079HWPGGN ParentXZ Autumn and Winter Low Boots Fashion Thick High-Heeled Round Head Martin Boots Female Boots B079HWPGG4 Parent , XZ Belt Buckle Rivet Knight Boots Autumn and Winter Thick High-Heeled Women's Boots B079HX5NSK Parent , Massimo Dutti Women's Boots Brown Dark Brown B079LGBZ1F ParentHenry Cottons Women's Boots Brown Brown B079M2N46R Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Palladium Pampa Hi 92352-060 Canvas 29450 Womens 92352-060 Palladium Boots - Black - 39.5 B0798MWN5W Parent 8ca9e53 - salonsevendallas.com