1TO9 Pumps-Shoes Girls Heighten 1TO9 Inside Bandage Platform Polyurethane Pumps-Shoes B01LMS3QL8 B01LMS3QL8 Parent 00f3f79 - 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.”

1TO9 Pumps-Shoes Girls Heighten 1TO9 Inside Bandage Platform Polyurethane Pumps-Shoes B01LMS3QL8 B01LMS3QL8 Parent 00f3f79

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 *

AgooLar Womens Pull-On Closed Toe Solid Flats-Shoes with Decoration B01MFX3WPL ParentNina Women's Tracey-Yg Dress Pump B01M4RVN4M ParentGtlindsl Womens Pull On Soft Leather Square Closed Toe Flats-Shoes with Metal B01MF596QF Parent , Men's/Women's Jumex Women’s Pumps B01MZ99N4K Parent Easy to clean surface a wide range of products Full range of specifications , Chinese Laundry Womens Dedra Closed Toe Ankle Strap Classic Pumps B01M2V1NIF Parent , JANE KLAIN Women’s 294 048 Closed Toe Heels B01M8LESYL ParentMan/Woman Report Lecrone Women's Heels B01M61W8KO Parent High-quality buy Strong heat and heat resistanceSoft Line (Jana) Allison 22260 - Black (Textile) Womens Shoes 38EU B01N5FQGA5 ParentAgooLar Womens Pull-On Round Closed Toe Flats-Shoes with Decoration B01MF5Y6P8 Parent , Karen Scott Womens Ghwen Fabric Pointed Toe Slingback Classic Pumps B01MAUFRGG Parent , LongFengMa Women Stiletto Pumps Solid Patent Basic Office Shoes D'Orsay Wedding Heels B01MEERO4E ParentGRACE SHOES 8256 Decolletè Women B01MFFFD50 ParentBeacon Womens Jennifer Closed Toe Classic Pumps B01MRWRSVE ParentOCHENTA Womens Low Kitten Heel Slip On Pointed Toe B01MG7W4NH Parent , JANE KLAIN Women’s 296 146 Closed Toe Heels B01MFB0B7K Parent , JANE KLAIN 223 740, Women’s Closed Toe Heels B01MG2N6O9 ParentLongFengMa Women Round Toe Stiletto High Heel Shoes Laides Wedding Bridal Sexy Platform Pumps B01MQ5I9XV Parent , Gtlindsl Womens Enamelled Leather Solid Square Closed Toe Bowknot Flats-Shoes B01MFXC3UK Parent , Beacon Womens Carrie Closed Toe Classic Pumps B01N2T9AXY Parent18 KT Women's Court Shoes B01MQ61I5J Parent , AgooLar Womens Pull On Closed Pointed Toe Solid Flock Flats-Shoes with Bowknot B01MFXC3SN Parent , GRACE SHOES 8251 Decolletè Women B01MFG1NRO ParentAgooLar Women's Round Closed Toe Buckle PU Solid Low-Heels Pumps-Shoes B01N2B5RWU Parent , Gtlindsl Womens Soft Leather Closed Pointed Toe Pull On Flats-Shoes with Bow-Tie B01MF5X8QA ParentAgooLar Women's Round Closed Toe Buckle Blend Materials Solid High-Heels Pumps-Shoes B01N2BB0XC Parent , GREY MER BENNY BLACK POWDER PINK HEELED SANDAL B01MY6XOLQ ParentAgooLar Women's PU Pointed Closed Toe High-Heels Buckle Solid Pumps-Shoes B01MUVJHA6 Parent , Soft Style Women's Angel Ii Dress Pump B01MYBCZHS Parent , AgooLar Women's Soft Material Square Closed Toe Kitten-Heels Pull-On Solid Pumps-Shoes B01N3CQ2HE Parent

Time limit is exhausted. Please reload CAPTCHA.

1TO9 Pumps-Shoes Girls Heighten 1TO9 Inside Bandage Platform Polyurethane Pumps-Shoes B01LMS3QL8 B01LMS3QL8 Parent 00f3f79 - salonsevendallas.com