Josef Seibel Parent Women’'s Women’'s Elsa 01 Closed-Toe Heels B01M0OY55R nhta-19490 Parent 81c7d80 - 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.”

Josef Seibel Parent Women’'s Women’'s Elsa 01 Closed-Toe Heels B01M0OY55R nhta-19490 Parent 81c7d80

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 *

Puma Puma Vikky Ribbon S B07B48KHW8 Parent , Evans Women’s Franzi Ankle Strap Heels B075FYGGX8 ParentTom Tailor Women’s 4892302 Closed Toe Heels B073QMM4KM ParentEvans Women’s Extra Wide Flower Trim Open-Toe Heels B06WVD6TJ4 Parent , Marco Tozzi Women’s 2-2-22409-21 239 Closed-Toe Pumps B07D4B6YDT Parent , Pink by Paradox of London Women’s Harmony Closed-Toe Heels B01HTPB9L2 Parent , Easemax Women's Glitter Slip On High Stiletto Heeled Pointy Toe Party Court Shoes B07BK2LQCM Parent , PARIS White Satin Kitten Medium Heel Bridal Peeptoe Shoes B00QMFOC0Q Parent , Miss KG Women’s Colette Closed-Toe Pumps B01E94FIF4 Parent , Evans Women’s Extra Wide Black Open-Toe Heels B06X6J8581 Parent , Clarks Azizi Poppy, Women’s Closed Pumps B00TTLOOFI Parent , Marco Tozzi Women’s 2-2-22409-21 001 Closed-Toe Pumps B07D49V38B ParentANNIE Ivory Satin Kitten Mid Heel Diamante Evening Court Shoes B00KHSGRUW Parent , Carvela Women’s Gigi Np Ankle Strap Heels B0714JWKCK ParentMolly Womens Ladies High Heel Stiletto Anklestrap With Rock Studs T Bar Pointy Toe Court Shoe B074VFXPL7 ParentEgoisimo Tienda Calidad Women’s 644771040 Wedge Sandals B06XK4TWB7 ParentMichael Antonio Women's Lovina-SAT Platform Sandal,Champagne,7 M US B00CR9V9U2 ParentMiss KG Women's Hibiscus Open Toe B007UO1ZAS Parent , Marco Tozzi 22403, Women’s Platform Pumps B01NBA9RME Parent , Destiny Ivory Satin High Heel Bridal Court Shoes B015EJF2C2 ParentSoireelady Womens Round Toe High Heel Court Shoes 10cm Slip On Pumps B076B3248X Parent , Fly London Women's Hull978fly Wedge Sandals B01LZSRRDG ParentAndres Machado.AM503BRIDAL.Patent/Engraved Faux Leather Peep Toes.Petite and Large Sizes.Size Range: UK 0.5 to... B01LY5PA1B Parentrismart Women's Buckle Slip on Chunky Heel Trendy Suede Court Shoes B07868QYBG Parent , Primafila 53.5.008, Women’s Closed Toe Heels B01FMOKAA8 ParentJIA JIA Women's Bridal Shoes 1217518 Peep Toe Wedge Heel Satin Pumps Rhinestone Wedding Shoes B078Y6GBW8 ParentAisun Women's Trendy Pointy Toe Self Tie High Stilettos Court Shoes B07F29W1SS ParentVOCOSI Women Sexy Pointy Toe Slip On High Heel Stiletto Slingback Dress Court Shoes Size 3-11 UK B0799HYZ1Y Parent , Marco Tozzi Women’s 22433 Platform Heels B01N43N0VA Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Josef Seibel Parent Women’'s Women’'s Elsa 01 Closed-Toe Heels B01M0OY55R nhta-19490 Parent 81c7d80 - salonsevendallas.com