Remonte nhta-25941 Women’'s Hi-Top R1470 Remonte Hi-Top Trainers Parent B06Y18NZVD 69bdf13 - 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.”

Remonte nhta-25941 Women’'s Hi-Top R1470 Remonte Hi-Top Trainers Parent B06Y18NZVD 69bdf13

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 *

Blackstone Il67, Women’s Low-Top Sneakers Parent B013BIQMAO , BTBTAV Fine With High-Heeled Exposed Cool Slippers Wearing The Tip Half Slippers Women Shoes Eu 36 Silver Parent B07DLVLJK2 , KHSKX-New Shoes With Velcro Increased Thick Bottomed Muffin With Shoes High Heeled Shoes Tide Slope Documentary Parent B077P256PY , SHOESHAOGE Slotted Round Head Fastener Sandals Women Shoes Baotou Hollow Thick High-Heeled Single Shoe Parent B07BGWJ514NIKE Women's Wmns Roshe Two Print, Black/Summit White-Prism Pink, 7 US Parent B00ARVWMGW , Nike Women's Roshe Two Print Parent B00ARVWKW8Zenzzle Womens Running Shoes Houndstooth Pattern Print on for Ladies Outdoor Running Sneakers Parent B07CR42BMP , Women’s Malibu Sneaker iRun Trainers Parent B076T5DG1JTommy Jeans K1385elly 1b, Women’s Low-Top Sneakers Parent B071W6YLGY , WXMDDN Female Latin Dance Shoes Leopard Dance Shoes 5cm Soft Soles Dance Shoes Satin Indoor Dance Shoes Four Seasons Parent B078DZ82Y9 , T.T-Q Women's Dance Shoes Satin Cuban Heel Purple Parent B07FQMCK3T , T.T-Q Women's Dance Shoes Satin Cuban Heel Red Parent B07FQTW9JRConverse Chuck Taylor All Star Fringe Hi Womens Leather Trainers Black Black - 3 UK Parent B011JIFSSUNIKE W Air Max 1 Ultra Lotc Qs, Women’s Sneakers Parent B01DBKD9R6fereshte Women Casual Sneakers Breathable Athletic Fleece Lined Running Sports Shoes Parent B07893XG1NRUGAI-UE The Flowers Are Open Toed Sandals With Thin All-Match Word Buckle Shoes Parent B072MCJFWW , ShangYi Non Customizable Women's Dance Shoes Latin Leather Stiletto Heel Red Parent B01G1G68HK , XiaoHe Women Shake Shoes,Mesh Breathable Sneaker,Thick Bottom Shaking Shoes, Student Heighten Shoes,Fashion Casual... Parent B07FMFPYCGT.T-Q Women's Dance Shoes Ballroom Leatherette Stiletto Heel Wide Wide Parent B07FQPG8XK , T.T-Q Women's Heel Sparkling Glitter Dance Shoes Grey Parent B07FQNKXW7 , Yukun High heels Pointed Stiletto Heels Women'S Wild Fashion Shallow Mouth Single Shoes Women'S Shoes Parent B07HCGDCNPZEVONDA Autumn and Winter Children's Dance Shoes Female Latin Dance Shoes Parent B07CP92S6Y , Gola Women’s Coaster Mirror White/Gold Trainers Parent B078NCT4CYZHZNVX Women's Shoes Canvas Spring & Summer Crib Shoes Sneakers Walking Shoes Flat Heel Round Toe White/Black... Parent B07H1D1L6X , Zenzzle Colorful Strawberry Print on Women's Running Shoes Casual Lightweight Athletic Sneakers US Size 6-15 Parent B0785YPV49 , CHNHIRA Dance Sneakers Jazz Dance Trainers Ladies Black Girls Greek Dance Shoes Parent B072ZZH4GSWomen's Summer Leatherette Outdoor Casual Platform Creepers Bowknot Buckle Silver Gold Parent B074Y5JCXW , NIKE Women’s Court Borough Mid Se Basketball Shoes Parent B06WLH4553 , GAOLIXIA Women's High Heels Four Seasons Professional Shoes Thick with Plaid Women's Shoes Red Black Brown Parent B07CLJJN3Y ,

Time limit is exhausted. Please reload CAPTCHA.

Remonte nhta-25941 Women’'s Hi-Top R1470 Remonte Hi-Top Trainers Parent B06Y18NZVD 69bdf13 - salonsevendallas.com