Nike Parent WMNS Explorer 2 Womens Aa1846-101 B072M1J6Q4 B072M1J6Q4 2 Parent 96fec5a - 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.”

Nike Parent WMNS Explorer 2 Womens Aa1846-101 B072M1J6Q4 B072M1J6Q4 2 Parent 96fec5a

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 *

Man/Woman Brooks Women's Caldera 2 B072PCPDBM Parent Reasonable price Reliable performance Excellent functionAravon Women's Kitt Asym Dress Pump B072P2T94C Parentadidas Women's Questar Tnd W Running Shoe B072PPC3HJ Parent , NIKE Women's Lunarsolo Running Shoes B072PD6N78 ParentNIKE Women’s Damen Trainingsschuh in-Season Train 6 Fitness Shoes B072PSTW91 Parent , Nike Women’s W Flex Trainer 7 Competition Running Shoes B072PVJVT4 Parent , Reebok Women’s Print Her 2.0 Thrd Running Shoe B072PTHG7H Parent , Pearl Izumi Women’s W X-alp Elevate Cycling Shoe B072Q12FZD ParentUnder Armour Speedform Europa Women's Running Shoes - SS18 B072PVXTRV Parent , Altra AFW1838F Women's Duo Running Shoe, Purple - 7 B(M) US B072Q2LRL5 ParentMen/Women Diadora Mens EVO Aeon B072PXWTQL Parent Reasonable price First batch of customers Modern and elegantAltra King MT 1.5 Trail Running Shoe - Women's B072Q34RNL Parent , adidas Women's Superstar W Sneaker, Ftwr White, Supplier Colour, Off White, 7 M US B072Q2LY42 ParentReebok Women’s F/S Hi Satin Bow Sneaker, Black/Grey B072Q494V8 ParentPropét Women’s June Slide Sandal B072Q31ZK1 Parent , Reebok Women’s Club C 85 Metallic Mesh Walking Shoe B072Q5ZM3T Parent , Reebok Women’s CL Lthr X Face Walking Shoe B072Q48J12 Parent , Reebok Women’s F/S Hi Fbt Walking Shoe B072Q648VK Parent , Reebok Women’s CL Lthr NBK Sneaker, Quartz/Cloud B072Q5HGQM Parent , Danner Women's Mountain 600 4.5"-W's Hiking Boot, Hazelwood/Balsam Green, 8.5 M US B072QBM9LM Parent , Reebok Women’s F/S Hi Muted Walking Shoe, Sandstone/White B072Q6BPCP ParentDanner Women's Jag-W's Fashion Boot, Sangria/Storm, 7 M US B072QBXBKY Parent , Under Armour Womens 3000344-100-9.0 Horizon STR 1.5 B072QBW57K Parent , Nike Women's W Classic Cortez Leather, Soar/Soar-White-Black B072QC5TG6 Parent , Gentlemen/Ladies Nike Air Maximus Shinpads B072QC6GBJ Parent Promotion Primary quality Seasonal promotion , SAUCONY GUIDE ISO FOG/PUR/MNT SIZE 5.5US B072QFFBP8 ParentASICS Womens Gel-Cumulus 19 Running Shoe, Cosmo Pink/White/ Winter 7 B(M) US B072QCRSHF ParentNike Zoom Fearless Flyknit Women's Training Shoe B072QD3GZ7 ParentSAUCONY GUIDE ISO FOG/PUR/MNT SIZE 6US B072QD4XJN Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Nike Parent WMNS Explorer 2 Womens Aa1846-101 B072M1J6Q4 B072M1J6Q4 2 Parent 96fec5a - salonsevendallas.com