Sam Edelman Women’s Sam Rosalie nhta-18818 Edelman Ballet Flat B07FHZD9ZC Parent 408613d - 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.”

Sam Edelman Women’s Sam Rosalie nhta-18818 Edelman Ballet Flat B07FHZD9ZC Parent 408613d

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 *

Amblers Unisex Steel FS164 Welted Safety Boot / Womens Mens Boots B007YLUXUU Parent , QPYC Women Pointed Stiletto Goblet Heels Rhinestone Side Zipper Mid Heel Ms Martin Boots Large Size 33 42 43 44 45 46 47 48 B078CR6RTH ParentDIADORA HERITAGE woman sneakers 161 895 01 20006 TRIDENT W MID REPTILE B016WHB6H0 ParentNSXZ Winter leather women's middle flow boots B0751F8Y2V ParentWomen Ladies Over Knee Thigh Elastic Boots Stiletto High Heel Shoes Black Brown Suede Pointed Autumn Winter B077GDQ32G ParentQPYC Women Casual Shoes Heel Horseshoe Heel Short Boots High Heel Elastic Band Martin Boots Thick Soled Shoes B076T3M781 ParentCofra 00010-055.W39 Size 39 S5 CI SRC New Galaxy Safety Shoes - White B01GJYZOEC ParentCofra 00010-039.W37 Size 37 S4 CI SRC Galaxy Safety Shoes - White B01G5UP0TY ParentStanley Pulse 00410 Pulse High S3 Safety Boot 41 Black B073X63FG4 ParentParedes SP5008 NE44 Safety Shoes"Wolfram Ii" S3, Size 9.5, Black B01MTUY5QD Parent , Paredes SP5015 NE46"Lantano" Safety Shoes, S3, Size 11, Black - EN safety certified B01MRRSI6R Parent , Paredes SP5015 NE44"Lantano" Safety Shoes, S3, Size 9.5, Black B01MSTGJNI Parent , Cofra 84260-004.D42 Women Footwear,Gaja, Size 8, Blue B076BM98F6 ParentDunderdon dw70040132000041 Milano Shoes Brown Size 41 B01MFG4LTZ Parent , Abeba Women's Clogs White white 42 (EU) B00G91HB4W 40|WhiteParedes SP5016 NE41"Actinio" Safety Shoes, S3, Size 7.5, Black B01MRRSK2S ParentCofra 10120-001.W40 Size 40 S2 SRC"Adrianus" Safety Shoes - White B01G1K47GU ParentParedes SP5016 NE47"Actinio" Safety Shoes, S3, Size 12, Black - EN safety certified B01NBEXNEP Parent , Solid Gear sg8000142 Bushido Glove Safety Boots S1P Size 8 Black B01LW4IKYJ ParentLavoro LAV292-45 ESD Safety Shoes, Size 45, Brown (Pack of 2) - EN safety certified B06X16NDSR Parent , Giasco KU055HF37 Woman Low Shoe, Dance, S1P, Size US: 4/Size UK: 37, Black/Pink B06X9BDS5K Parent , Cofra 10010-004.W41 Size 41 S2 SRC Caligola Safety Shoes - White B01G3QZXEC ParentCofra 78670-008.W39 Size 39 S1 P SRC Dorio Safety Shoes - Grey B01G8MGLLK ParentKnightsbridge 14LOCH is normal – Ranger Boots Black Size 38 B001XQWWVU ParentMan/Woman Chukka Boots Black 12 B00L8PASMG Parent High grade Win highly appreciated Known for its beautiful qualityToe Guard TG8044037 Safety Shoe,"Trail" S3, Size 4, Black B01LVZD01I ParentMexx Elegant Leather Boots Ladies Shoes Leather Black 2719 B0788FH5XG Parent , Gentleman/Lady Worka Boots Black 12 B00L8PB7EE Parent Good design Let our products go to the world Quality and consumer firstMET RXL Lady,High Heels,Asakuchi,Nude Shoes/Spring,Print Leather,Square Head Shoes B077BTJFY1 Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Sam Edelman Women’s Sam Rosalie nhta-18818 Edelman Ballet Flat B07FHZD9ZC Parent 408613d - salonsevendallas.com