Annie B01N0EB3VT womens Long Time W B01N0EB3VT Annie 12 C Time/D US|Silver 1a55782 - 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.”

Annie B01N0EB3VT womens Long Time W B01N0EB3VT Annie 12 C Time/D US|Silver 1a55782

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 *

Gentleman/Lady Grunland SC3605 Mocassins Women B0762LBLWD Parent wholesale In short supply Complete specifications , GERRY WEBER Women’s Nora 05 Mary Janes, Black B01MCWDKBR Parent , Alegria Women's Ella Mary Jane Pump B06X6BH27R ParentBOLAND BV GOGO 60s aptafêtes – ac5010 Boots Shoe Size B00I9VRICA Parent , Aptafêtes GOGO 60s ac5010 Boots Shoe Size B00I9VRGSQ 39/40|Fuchsia , Grunland SC2322 SOEI SCARPA DONNA B06XXTS7YS ParentBOLAND BV Boland – Boogie B00N3TCIZ0 11.5|Gold , Gentleman/Lady Jenny Rhodos, Women Loafers B01ARWT2TK Parent Adequate supply and timely delivery Price reduction Excellent stretching , Sandpiper Women's Lightweight Shoe 'Doreen' | Extra Wide Fit 6E | Twin Touch Fastening | Sanitised Protection | Outdoor Sole B01N9HXAI4 ParentRos Hommerson Womens Findlay Closed Toe Mary Jane Flats, Black, Size 8.0 US / 6 UK US B01N7ZU2IL ParentMen's/Women's SK Studio Women’s Closed B072QZFNLQ Parent economic Moderate cost At an affordable priceLadies Clarks Mary Jane Flats Indigo Charm B00PYNOH5C Parent , Propet W5502 Women's Miranda Strap Shoe Aa9 Black/Grey Narrow - UK: AA7 B00IJNMHHO ParentMephisto Axora Ladies Slip On Shoe UK Size 3.5 Pewter B0713ZYS4V ParentGRÜNLAND VATI Anthracite shoes SC2631 zeppetta moccasin B01MG8SKCP Parent , DADAWEN Women's Ankle Strap Low Mid Block Heel Mary Jane Pumps Court Shoes B074GZRZN7 2 UK|Apricot (B)Mephisto Women (Foot Foundation) Odalys 2600 Women's Mary-Jane Shoe in Black Leather 562 B01I3IWV2U ParentTed Baker Women’s Dahrlin Closed Toe Heels B078NFSL55 Parent , Skechers Women’'s Microburst-Autumn Bloom Closed Toe Ballet Flats B07CVGL4YL Parent , BareTraps Women's Bt Janine Flat, Dark Grey, 9 US/9 M US B071NLWLJG Parent , Dansko Womens Lisanne Round Toe Ballet Flats B078HXM541 ParentTahari Women’s Tt-Andes Ballet Flat B0792RLH9R ParentMr/Ms Steve Madden Womens Hugh B06XHJ4LNZ Parent High quality and low overhead low cost Current shapeClarks Couture Bloom, Women’s Ballet Flats B017XS1PHS 9 UK|Black (Black Leather -)Kickers Women’s Honoree Ballet Flats B01N1G6DZQ ParentTory Burch Women's Ballet Flats * B073RJ1CM2 ParentKMB Women’'s Tocrep Closed Toe Ballet Flats B077VJY98S ParentGeox Women’'s D Piuma Ballerina a Ballet Flats B01N4S2GHQ ParentADRIENNE VITTADINI Footwear Women's Fitzi Ballet Flat, Black, 8.5 M US B01MXJFZHL Parent

Time limit is exhausted. Please reload CAPTCHA.

Annie B01N0EB3VT womens Long Time W B01N0EB3VT Annie 12 C Time/D US|Silver 1a55782 - salonsevendallas.com