HN Shoes Women's Red Sandals Low Heel Shoes 808 Slip On Slippers Slingback Slippers Black Red Summer Ladies Peep Toe Dress Party... B07BTZPPHL Parent b1547bc -

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.”

HN Shoes Women's Red Sandals Low Heel Shoes 808 Slip On Slippers Slingback Slippers Black Red Summer Ladies Peep Toe Dress Party... B07BTZPPHL Parent b1547bc

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 *

Women's Shoes Europe and The United States Ms. Beach Shoes Leisure Vacation Sandal Flat Shoes Fashion Shoes B07CBSDBXX ParentYANGXIAOYU A New Version of A Pointed Woman with A Pair of Shoes On Her Feet. B07CBV7V4B Parent , Exing Womens's Shoes Sandalias De Mujer Europeas Y Americanas Con Zapatos De Tacón Alto Con Punta Abierta B07CBSYLGG ParentShoes 6cm Silver Bridal, High Heels, Fine Heel Shallow Mouth Satin Rhinestone Square Buckle Single B07CC9FDLB ParentWomens Ladies Strappy Wedges Heel Dress Sandals Ankle Strap Bridal Wedding Party Shoes B07CBZ2S1V ParentElobaby Women's Wedding Peep Toe Spool High Heels TY-3128-20 Satin Silk Sandals Rhinestones/Court Shoes B07CCM1JKQ ParentHN Shoes Women's Sandals Peep Toe High Heel Ankle Strap Platform Ladies Buckle Waterproof Stiletto Thin Shoes... B07CCYL57T Parent , Hyun Times Blue Pointed High-Heeled Shoes 9.5cm B07CCZDP87 ParentHyun Times Black High-Heeled Pointed Foot With Roman Shoes B07CCZT5LY ParentWomen's shoes GYHDDP Spring Summer Flat Shoes Wedding Shoes 2 Colors Optional Size Optional B07CNCL1ZL Parent , Hyun Times Summer Tie High-Heeled High-Heeled Shoes With High-Heeled Shoes B07CCZWM7M ParentHyun Times Sandals Rough with The Female Summer Wild Simple high-Heeled Shoes Fairy with a Buckle with Open-Toed... B07CL23Z3P Parent , Exing Womens's Shoes European and American Women's High-Heeled Sandals Waterproof Platform Gradual Change Fish... B07CDD7FTK Parent , Shoes Amazing Summer Sandals Summer Sandals Stiletto Heels Pumps Single Spring Women's for casual (Color : A,... B07CDDBB9Y Parent , Exing 2018 Womens's Shoes Summer European and American Ladies Party High-Heeled Sandals Dance Party Plush Sandals B07CDD96Y6 Parent , Exing Womens's Shoes Ladies Sandals European and American Ladies High-Heeled Sandals For Wedding Party & Evening... B07CDDPHGN Parent , Womens Sandals Peep Toe Strappy Platform Stiletto Diamante Summer Ladies High Heel Roman Black Shoes Ankle Strap... B07CLLXHS9 Parent , Exing Womens's Shoes European and American Ladies Large Size High-Heeled Waterproof Platform Fish Mouth Patent... B07CDVXGF7 Parent , Exing 2018 New Womens's Shoes European and American Ladies Red Black Velvet Knotted High-Heeled Sandals Slipper B07CDDVQW8 Parent , Womens's Shoe Summer New Ladies Sandals Suede Shiny Elegant Ribbon Peep-Toe High Heels Party Shoe B07CDWBSS6 Parent , L@YC Women's Wedding Shoes Size Party Ivory Satin Silk Sandals Pumps/Bridesmaid /Court Shoes B07CCZWLV6 ParentWomen Sandals Stiletto Ladies Suede Leopard High Heels Shoes Strappy Summer Open Toe Dress Party Size 3-10 B07CF7H3F6 ParentDKFJKI Women's Sandals Fashion Rhinestones Fish Mouth Single Buckle Shoes Everyday Wear B07CLNDHM4 ParentSandals Summer Sequined Cloth Upper Women's Shoes High Heels Fashion Thick Heel B07CKYL9VR Parent , Elegant high shoes Women's Peep High Heel 7216-04A Wedding Sandals Rhinestones Summer Party Bridesmaid B07CDD95QW Parent , Womens Block Heel Ankle Strap Sandals Black Summer Ladies Peep toe Strappy Party Shoes Size 3-7 B07CL3Q5F8 ParentWomens Sandals Peep Toe Strappy Platform Stiletto Summer Ladies High Heel Shoes Ankle Strap Evening Prom Party B07CLLNL19 ParentDKFJKI Women's Fashion Sandals Pointed Pumps Dresses Party Shoes B07CLCY21J Parent , Ximu Summer New Pointed Flat Sandals Bandages Matte Women Shoes Platform Pumps Elegant B07CLJH19B Parent ,

Time limit is exhausted. Please reload CAPTCHA.

HN Shoes Women's Red Sandals Low Heel Shoes 808 Slip On Slippers Slingback Slippers Black Red Summer Ladies Peep Toe Dress Party... B07BTZPPHL Parent b1547bc -