SHOESHAOGE Middle Heel Baotou Women'S Sandals Baotou Heel Shoes Summer Women'S Fine Heel Heels Women'S Shoes B0753LC92L Parent 6c2925f -

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 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.”

SHOESHAOGE Middle Heel Baotou Women'S Sandals Baotou Heel Shoes Summer Women'S Fine Heel Heels Women'S Shoes B0753LC92L Parent 6c2925f

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 *

SHOESHAOGE Students Thick Bottom Pine Cake Shoes Women One Word Buckle Slippers Heels Sandals Women'S Shoes B0753LQHLS Parent , SHOESHAOGE Summer Sandals Ladies Fine With Waterproof Taiwan Fish Mouth Heels Women'S Shoes B0753LQB1F Parent , SHOESHAOGE Round Head Thick With Hollow Waterproof Taiwan High Heels 10Cm One-Word Buckle Bare-Colored Sandals... B0753LQJYH Parent , SHOESHAOGE Slope Heel Sandals Students Big Yards One Word Buckle Fashion Thick Bottom Pine Cake Heels Women'S... B0753LQKYC Parent , SHOESHAOGE Pointed Shoe Suede Fine Heel High Heels Side Empty Show Thin Metal Buckle Women Shoes Women'S Shoes B0753LR342 ParentSHOESHAOGE Summer Super High Heel Fine With Black One Word Buckle Toe Sandals Shoes Women'S Shoes B0753LQKZ3 Parent , SHOESHAOGE One Word With Heels Fine Heel Leaky Toe Sequins Fashion Minimalist Sandals Women'S Shoes B0753LR5CY Parent , SHOESHAOGE High Heel Sandals With Stiletto Heels And Elegant Wedding Shoes Women'S Shoes B0753LR5VS ParentSHOESHAOGE Summer Heels Fine With Baotou Fashion Shoes Light Silver Middle Heel Shoes One Word Buckle Sandals... B0753LRFVZ Parent , SHOESHAOGE Summer Metal Decorative Sandals One Word Buckle High Heels Female Heel Height Heel Shoes Women'S Shoes B0753LR7MP ParentSHOESHAOGE Yi Ya Thick Bottom Slope Heel Sandals Student Roman With One Word With Flat Bottom Women'S Shoes B0753LRFWG ParentSHOESHAOGE Summer Heels Female Fine With Waterproof Taiwan Diamond Buckle Roman Sandals Women'S Shoes B0753LRWB8 Parent , SHOESHAOGE One Word With Sandals Female Rough With Summer Simple Roman Shoes Cross Strap Heels Women'S Shoes B0753LSJDG ParentSHOESHAOGE One Word With Buckle Sandals Thick And Butterfly Knot Girl Nude High Heel Sandals Women'S Shoes B0753LSDTM ParentSHOESHAOGE Women'S Strap Sandals With Women'S Heel Heels Women'S Shoes B0753LTNSS ParentSHOESHAOGE High Heels With Casual Sandals With Coarse Slippers Outside Women'S Shoes B0753LTNW5 ParentSHOESHAOGE Gold Rhinestone High Heel Sandals One Word Buckle Belt Thick Heel Round Head Missing Toe Women Sandals... B0753LTTFG ParentSHOESHAOGE Summer Transparent Fish Mouth Sandals With Coarse And Simple Crystal High Heel Shoes Women'S Shoes B0753LTV39 Parent , SHOESHAOGE A Word With High Heel Sandals Leather Black One Word Buckle Thick Heel Heels Women'S Shoes B0753LTYSW ParentSHOESHAOGE One Word Buckle Heels Heel Shoes Woman Head Spring Grandma Shoes Bridesmaid Shoes Women'S Shoes B0753LTZKV Parent , SHOESHAOGE Simple Velvet With Thick Heels And High Heel Shoes With The Toe Red Sandals 11Cm Women'S Shoes B0753LTZN8 ParentSHOESHAOGE 12Cm High Heel Sandals Summer Word Buckle Waterproof Table Fine Heel Fish Mouth Sandals Women'S Shoes B0753LV6QX Parent , SHOESHAOGE Heels Sandals Fine Heel Shoes Baotou Shallow Mouth One Word Buckle Fashion In Heel Shoes Women'S Shoes B0753LW1G1 Parent , SHOESHAOGE One-Word Buckle With Super High Heel Fine With Women'S Shoes Summer Waterproof Platform Leaking Toe... B0753LW63D ParentSHOESHAOGE Xia Po With Fish Mouth Sandals Pine Cake Thick Bottom Straw Hemp Rope Waterproof Table One Word Buckle... B0753LW7GK Parent , SHOESHAOGE High Heels Season Fine With A Word Buckle Girl Willow Nail Sandals Women'S Shoes B0753LW7GC Parent , SHOESHAOGE Sandals With Thick Black Students Leaking Toe With A Word Buckle Roman Heels Female Women'S Shoes B0753LWDNM ParentSHOESHAOGE High Heel Sandals Season Rough With Flat Bottom Square Head Star Pearl Rhinestones With Roman Women'S... B0753LW7Q9 ParentSHOESHAOGE One-Word Buckle Heels Heel-Heel Patent Women Sandals Women'S Shoes B0753LWPG8 Parent ,

Time limit is exhausted. Please reload CAPTCHA.

SHOESHAOGE Middle Heel Baotou Women'S Sandals Baotou Heel Shoes Summer Women'S Fine Heel Heels Women'S Shoes B0753LC92L Parent 6c2925f -