GEOX GEOX Mora MOCACIN D641ME 29887 000HI C7357 AMALTHIA Mora B07459KC3M Parent eeeb49e - 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.”

GEOX GEOX Mora MOCACIN D641ME 29887 000HI C7357 AMALTHIA Mora B07459KC3M Parent eeeb49e

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 *

Guess Women's Strappy Pumps High Heels B00I0W2P3K ParentMan/Woman Guess Women Slingbacks B00I0VQJKQ Parent Exquisite (middle) workmanship Has a long reputation Personalization trend , Gentlemen/Ladies Guess Women's Strappy Pumps B00I0WCRPQ Parent Strong heat and wear resistance comfortability Pick up at the boutique , Gentlemen/Ladies Guess Womens Hi-Top Slippers B00I0WQ2LQ Parent Fine processing Beautiful appearance Elegant and robust menuGentlemen/Ladies Florett Women's Boots B00I3IAJJI Parent High quality and low overhead delicate best sellerAcorn Women's Faux Chinchilla Collar Slipper B00I1KII0K ParentMinnetonka Me to We Maasai Moccasin‑Black US7.5 B00I3S6VEA ParentMr/Ms Gretton B00I3Q2JIY Parent quality the most economical Preferential price , Gentleman/Lady Minnetonka Metowemoc, Women’s Moccasins B00I3S6YQK Parent superior Win the praise of customers Acknowledgement feedbackDr. Martens Alix, Women's Boots B00IM5FBJA ParentPapillio ''Florida'' from Birko-Flor in Orchid Multi B00IPBLRXK ParentMen's/Women's Papillio Helsinki, Womens Slippers B00IPBL42O Parent Year-end special promotions discount Very good classification , Fortuna Sibille, Women’s Warm Lined Slippers B00IR4QSSY ParentWaldläufer 531503-125-090 Hadya women slipper B00IQESZKY Parent , BEARPAW Women's Loki Slide Slipper (36 M EU/5 B(M) US, Black II) B00ISFVROC Parent , Bearpaw Women's Loki Slide Slipper (37 M EU/6 B(M) US, Black II) B00ISFVSXM Parent , BEARPAW Women's Loki Slide Slipper (39 M EU / 8 B(M) US, Black II) B00ISFVVKC ParentBEARPAW Women's Loki II Slippers, Black II, 7 B00ISFVU58 Parent , BEARPAW Women's Loki II Slippers, Black II, 9 B00ISFVX00 Parent , BEARPAW Women's Loki Slide Slipper (41 M EU / 10 B(M) US, Black II) B00ISFVXUA ParentDearfoams Plush Velour Closed-Back Women’s Slipper – Padded Microfiber Slip-ONS with a Durable Outsole - 745 B00IZ8TWOY ParentGentlemen/Ladies Bearpaw Effie, Women’s Effie B00IXANWN6 Parent Clever and practical New in stock Different goods , BEDROOM ATHLETICS womens THANDIE Pink Slippers B00J8T6TFO ParentMagicfelt Ar 713, Unisex Adults' Open Back Slippers B00J8LL7XQ Parent , AM artmoda Womens Anna Slippers B00J9QJ962 ParentAM artmoda Mens Dennis und Diana Slippers B00JAC3L6Y Parent , Birkenstock Unisex Adults’ Boston High Heels B00JCTSTZI Parent , Wishpets Kid's Elf Slippers (Red & Green, Small) B00JARMT0S Parent , Birkenstock Boston RSB Suede Leather/Microfiber, Unisex Clogs B00JDHH2AW Parent

Time limit is exhausted. Please reload CAPTCHA.

GEOX GEOX Mora MOCACIN D641ME 29887 000HI C7357 AMALTHIA Mora B07459KC3M Parent eeeb49e - salonsevendallas.com