Stonefly 30232 Heels 105320 H77 Women Ankle Boots With Heels Women B01M4RKIQC Parent 0db5ed6 -

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 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.”

Stonefly 30232 Heels 105320 H77 Women Ankle Boots With Heels Women B01M4RKIQC Parent 0db5ed6

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 *

BalaMasa Girls Platform Anti-Skidding Bottom Round Toe Imitated Leather Boots B01MF7T8ZN Parent , BalaMasa Womens Square Heels Buckle Round Toe Solid Imitated Leather Boots B01MF9MREX Parent , BalaMasa Womens Stiletto Platform Checkered Frosted Boots B01M9FRYYQ ParentBalaMasa Womens Stiletto Winkle Pinker Pull-on Imitated Suede Boots B01MF9MREJ Parent , BalaMasa Girls Stiletto Glass Diamond Platform Spun Gold Bowknot Imitated Leather Boots B01MFAJYRZ ParentBalaMasa Ladies Chunky Heels Glass Diamond Round Toe Frosted Boots B01MFCF8AW ParentWomen's summer ankle boots 36 37 38 39 40 41 sand Jane Klain textile elegant , Damen Größen:40;Farben:beige B01MFB0303 ParentBalaMasa Ladies Square Heels Winkle Pinker Pull-on Frosted Boots B01MFATOD3 Parent , BalaMasa Ladies Metal Chain Glass Diamond Heighten Inside Frosted Boots B01MFCS371 Parent , Ladies S.Oliver Fur Lined Ankle Booties B01MFACLM1 Parent , CLARKS Women's Enfield Senya Ankle Bootie,Black Suede,9 M US B01MS27W8F Parent , Roper Women's Fringy Western Boot B01MFXKW2S Parent , BalaMasa Ladies Chunky Heels Winkle Pinker Platform Metal Ornament Microfiber Boots B01MG5BZW9 ParentBalaMasa Womens Bandage Anti-Skidding Bottom Platform Nubuck Leather Boots B01MG0LZIN Parent , BalaMasa Ladies Metal Ornament Heighten Inside Zipper Round Toe Frosted Boots B01MRF0HZY Parentdamalu Womens Shoes Leather Boot Vintage Winter Boots Ankle High Italian B01MG2BHA2 ParentBalaMasa Ladies Fur Collar Heighten Inside Buckle Imitated Leather Boots B01MG1X62K ParentBalaMasa Girls Chunky Heels Zipper Round Toe Frosted Boots B01MG2JBPY ParentBalaMasa Girls Bandage Platform Heighten Inside Microfiber Boots B01MG5G3FW ParentBalaMasa Ladies Metal Chain Fur Collar Pull-on Patent Leather Boots B01MG3EKMW Parent , BalaMasa Girls Glass Diamond Chunky Heels Zipper Kitten-Heels Frosted Boots B01MG5BS5P Parent , BalaMasa Ladies Metal Ornament Chunky Heels Zipper Round Toe Frosted Boots B01MG5CXZR Parent , The Flexx B254/05 Ankle Boots Women B01MG8S8GH ParentBalaMasa Girls Metal Chain Heighten Inside Platform Frosted Boots B01MG5G7U5 ParentBalaMasa Ladies Heighten Inside Metal Ornament Round Toe Frosted Boots B01MG02SZI Parent , BalaMasa Ladies Heighten Inside Platform Zipper Microfiber Boots B01MG5GJ62 ParentCarlos by Carlos Santana Women's Abbey Ankle Boot B01MG5JI1C ParentBalaMasa Ladies Chunky Heels Zipper Non-Slipping Sole Frosted Boots B01MG5GNI2 ParentThe Flexx B652/02 Ankle Boots Women B01MRET7EO Parent

Time limit is exhausted. Please reload CAPTCHA.

Stonefly 30232 Heels 105320 H77 Women Ankle Boots With Heels Women B01M4RKIQC Parent 0db5ed6 -