Grunland ST0345 DOKS ST0345 STIV. STIV. DONNA B0762HQRD9 P. B0762HQRD9 Parent b3baaf3 - 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.”

Grunland ST0345 DOKS ST0345 STIV. STIV. DONNA B0762HQRD9 P. B0762HQRD9 Parent b3baaf3

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 *

Stonefly Women's Boots Black black B0764CFX5P ParentStonefly 109048 Ankle Boots Women B0764CZN75 ParentHunter Woman Refined Gloss Quilt Chelsea Black B0764DBXNW Parent , Cafè Noir LGD701 Nabuk Decorating Lateral Cutter B0764DVM2L Parent , Bruno Premi Women’s N 3301x Fantasy Bordeaux Ankle Boots B0764DYNSW ParentCAF NOIR LC544 black boots women boots suede boots zip heel studs B0764DZ27L ParentCafè Noir LNC517273370 273 Taupe 37 Trouser With Accessory and Suede Pump B0764FXLXF ParentEmu Stinger Mini Midnight, Women’s Snow Boots B0764GVJS7 Parent , WANDA PANDA Dina Gris Bottle B07651BYW3 Parent , Cafè Noir LMC515010350 I17.228 BLU 39 Suede Ribbon with Buckle FIBBIES B076564LYY Parent , Alma en Pena Women's 122 Boots B076599MWX Parent , Men's/Women's Demonia BEAR-202 B0765CTPLR Parent Modern and elegant fashion Environmentally friendly King of the crowdSeychelles Women’s Prop Ankle Boot B0765JDBDW ParentSteve Madden Women's AVENUEVELVETGREY Grey Suede Ankle Boots B0765K9SQ1 ParentPikolinos W7M-8886 Ankle Boots Women B0765MRPNG Parent , Men's/Women's Dr Martins Women's Boots B0765RJ8H4 Parent Practical and economical Clearance Contrary to the same paragraph , Men's/Women's BootsWomen B0765XLRX8 Parent Packaging diversity Primary quality Easy life , Cafè Noir LGD701010370 010 Nero 37 Nabuk Decorating Lateral Cutter B076B77Y4H Parent , Art Leather Boots Black Cannes Black 0540 B076B87P32 ParentWomens boots, colour Brown , brand GEOX, model Womens Boots GEOX D NEW LISE H.A Brown B076B88VXL Parent , SEIBEL Women's Boots one size One size B076B9QY4K Parent , Art Leather Ankle Boot Ankle Boot Black Black 0917 B076B9YWN3 ParentMen/Women Semler Women's X10156-012-030 Boots B076BDK2SR Parent main category First quality Quality and consumer first , Men's/Women's ara Women's 1247327-97 Boots B076BGWJ9D Parent Strong heat and wear resistance a wide range of products Contrary to the same paragraph , FB Fashion Boots Women’s L4332 Cowboy Boots B076BKDQ1L Parent , FRAU Women's Boots Black black B076BKKRVJ ParentEmu Originals Hakea Hi Water Resistant Sheepskin Boots - Indigo - UK 3 - EU - 35/36 - US 5 B076BL1RXD Parent , Guess FLFUL4 LEL10 Ankle boots Women B076BN1V1M Parent , Daniel Lagena Black Suede Low Platform Chelsea Boots B076BNGKZ6 Parent

Time limit is exhausted. Please reload CAPTCHA.

Grunland ST0345 DOKS ST0345 STIV. STIV. DONNA B0762HQRD9 P. B0762HQRD9 Parent b3baaf3 - salonsevendallas.com