XZ Autumn Martin Parent and Winter Short nhta-28754 Boots Thick High-Heeled Female Boots Western Style Keep Warm Martin Boots B0796N35CG Parent aa54316 - 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.”

XZ Autumn Martin Parent and Winter Short nhta-28754 Boots Thick High-Heeled Female Boots Western Style Keep Warm Martin Boots B0796N35CG Parent aa54316

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 *

Tom Tailor Women's 3790104 Jeans Boots B079CMFM6M Parent , XZ Fashion Sexy High-Heeled Short Boots Female Autumn and Winter Thick Heel B079FHXS9J ParentAutumn and Winter Comfortable Square Heel Back Zip Bare Boots B079FGL2ZF ParentAutumn and Winter Martin Boots Thick High-Heeled Low Tube Female Boots B079HV7BDF ParentAutumn and Winter Sweet Bowknot Short Boots Slim High Heel Female Boots B079FHXQ3P ParentXZ Autumn and Winter Martin Boots Female Sexy High-Heeled Short Boots B079FGSLKD ParentEurope and The United States Autumn and Winter Elegant Pointed Fine With Fashion Short Boots B079FPLG7V Parent , XZ Female Short Boots Autumn and Winter Thick High-Heeled Size Code Martin Boots B079HSDBTZ ParentAutumn and Winter Short Boots Female Fashion Pointed Side Zipper Metal Decoration High-Heeled Bare Boots B079FPSFWX ParentUnisa Womens myllo Fabric Closed Toe Ankle Fashion Boots B079CJ2217 Parent , Bugatti Women’s 4.31549e+11 Ankle Boots B079FWT76X Parent , XZ Europe and The United States Thick High-Heeled Knight Boots Round Head Boots B079HW98GL ParentManufacture D'essai Smooth Grey Leather Biker Boots B079G5HBVV ParentSexy High-Heeled Fine Heel Simple Short Boots B079FQD879 ParentWomen Long tube Boots rubber bottom Waterproof Taiwan Non-slip Wear-resistant waterproof, Rough with rivet Side... B079G6RTHY ParentXZ Autumn and Winter High Heels Thick Heel Martin Boots Short Boots B079HTQD45 ParentKenneth Cole Reaction Women’s Kick Bit Kitten Heel Bootie Ankle Boot B079GB1T72 Parent , Tom Tailor Women’s 5895102 Ankle Boots B079HBMTV5 Parent , 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 Parent , Tom Tailor Women’s 5893102 Slouch Boots B079HBTVDY Parent , Women Over the knee Boots rubber bottom Non-slip Wear-resistant Precise Reinforced waterproof, Rough with warm... B079GB2LW7 Parent , XZ Female Boots Fashion Autumn High-Heeled Low Boots B079HS393B Parent , XZ Thick Heel Sexy High-Heel Boots Female Boots B079FSLW5R Parent , Autumn 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 ParentXZ Autumn and Winter High-Heeled Short Boots Sexy Pointed Thin Heel Female Boots B079HTJQG9 Parent ,

Time limit is exhausted. Please reload CAPTCHA.

XZ Autumn Martin Parent and Winter Short nhta-28754 Boots Thick High-Heeled Female Boots Western Style Keep Warm Martin Boots B0796N35CG Parent aa54316 - salonsevendallas.com