Shabbies Women’s Grau Amsterdam Slouch Amsterdam Boots, Grau (Dark Grey Grey/Heavy/Heavy Grain Leather) B071VGZF53 Parent b8fb6ad - 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.”

Shabbies Women’s Grau Amsterdam Slouch Amsterdam Boots, Grau (Dark Grey Grey/Heavy/Heavy Grain Leather) B071VGZF53 Parent b8fb6ad

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 *

Anne Klein Women’s Jeannie Synthetic Ankle Boot B071YTZMK9 ParentLucky Women’s Lk-Yasamin Fashion Boot B071Z2TZQK ParentBareTraps Women’s Silita Snow Boot, US B071YWTPW6 Parent , Kenneth Cole Reaction womens Cue The Music Bootie Ankle Notch Western Style Micro B071YYQ3G4 ParentCircus by Sam Edelman Women's Veruca Fashion Boot, Black, 7 Medium US B071Z3844L Parent , A2 by Aerosoles Women's Craftwork Knee High Boot B071Z37N5T Parent , Naturalizer Women's Karlie Harness Boot B071ZBDM7Z ParentMarco Tozzi Women’s 25506 Boots B071Z77SNK ParentRocky Women's RKW0221 Western Boot B071ZQ3QD5 Parent , Very Volatile Women's Otto Over The Knee Boot B071ZHR7DW Parent , Man's/Woman's Waldl.ufer Hurly 370801-001-, Black B0721DC1D9 Parent flagship store Low price Seasonal promotion , FIONA MCGUINNESS New Ladies Women Designer Suede Boot UK 4/EU 36.5 RRP £210 B07217BNDN Parent , Guess Women’s Velina Ankle Boot B0721LML81 ParentWaldläufer Women's 312802 668 001 Boots Black Black B0721KMMGQ Parent , Jeffrey Campbell Asterial Suede, Women’s Ankle Boots B0721N2XFV Parent , Jeffrey Campbell Women’s De Facto Ankle Boots B0721N2XBB Parent , Gentleman/Lady Waldläufer Women's 364802-307-001 Boots B0722274X3 Parent quality First batch of customers Lightweight shoes , Kendall & Kylie Paxton, Women’s Combat Boot B0721XLHR6 ParentGentleman/Lady Gabor 71.800 Womens Booties B07226PJXG Parent Diverse new design First grade in its class cheaper , Splendid Women’s Rosa Fashion Boot B07226B9DN ParentMarco Tozzi 2-25393-29 Womens Booties B07227XVJG Parent , Man/Woman Kristofer Women's Boots B07227XX5B Parent Aesthetic appearance Fine art Exquisite (processing) processing , Pieces Women’s Pspaccia Leather Cognac Snow Boots B0722CDSVD Parent , Circus by Sam Edelman Women's Dawson Fashion Boot B0722H31TQ ParentALDO Women's Larissi Chelsea Boot, Bone Suede, 11 B US B0722M6YKZ Parent , Gentlemen/Ladies Tamaris 25365, Women’s Boots B0722J54BR Parent Good world reputation First grade in its class Elegant and robust menu , Anne Klein Women’s Anni Fabric Ankle Boot B0722QBH46 Parent , Anne Klein Women’s Gorgia Fabric Ankle Boot B0722QJHQ8 ParentA2 by Aerosoles Women's Mysterious Over the Knee Boot B0722Y3J29 Parent

Time limit is exhausted. Please reload CAPTCHA.

Shabbies Women’s Grau Amsterdam Slouch Amsterdam Boots, Grau (Dark Grey Grey/Heavy/Heavy Grain Leather) B071VGZF53 Parent b8fb6ad - salonsevendallas.com