MINITOO Y309 Womens Stiletto White High Heel nhta-29955 White Satin Evening High Party Bridal Wedding Ruched Sandals UK 3 B074RYSLDP Parent ff66dce - 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.”

MINITOO Y309 Womens Stiletto White High Heel nhta-29955 White Satin Evening High Party Bridal Wedding Ruched Sandals UK 3 B074RYSLDP Parent ff66dce

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 *

MINITOO Girls Womens D-Orsay Blue Satin Wedding Sandals Fashion Dress Shoes UK 6 B074RZWFT2 Parent , MINITOO Girls Womens Elegant Flowers Ivory Satin Slingback Bridal Wedding Party Sandals UK 7 B074RZWS2W ParentMINITOO Womens MZ578 Peep Toe Med Heel Rhinestone Red Satin Bridal Wedding Shoes Sandals UK 5.5 B074RZX4RL Parent , MINITOO Girls Womens Fashion Knot Bow White Satin Bridal Wedding Evening Sandals UK 7.5 B074S1175L Parent , MINITOO Womens MZ578 Peep Toe Med Heel Rhinestone Ivory Satin Bridal Wedding Shoes Sandals UK 4.5 B074S12BCY Parent , MINITOO Girls Womens Elegant Flowers White Satin Slingback Bridal Wedding Party Sandals UK 3 B074S12TDX ParentMINITOO Womens MZ578 Peep Toe Med Heel Rhinestone Champagne Satin Bridal Wedding Shoes Sandals UK 7.5 B074S13TRY Parent , MINITOO Girls Womens Bow High Heel Ivory Evening Party Shoes Wedding Sandals UK 8.5 B074S141DC ParentMINITOO Womens MZ578 Peep Toe Med Heel Rhinestone White Satin Bridal Wedding Shoes Sandals UK 6.5 B074S14D4R ParentMINITOO Y309 Womens Stiletto High Heel Ivory Satin Evening Party Bridal Wedding Ruched Sandals UK 4 B074S156DS Parent , MINITOO Girls Womens Fashion Knot Bow White Satin Bridal Wedding Evening Sandals UK 4.5 B074S17DBK ParentMINITOO Girls Womens Flowers Fashion White Satin Bridal Wedding Sandals UK 6 B074S18BY9 Parent , MINITOO MZ602 Womens Peep Toe Stiletto Heel Flower Ivory Satin Bridal Satin Back Strap Sandal UK 8.5 B074S1D2NY Parent , MINITOO Girls Womens Fashion Knot Bow White Satin Bridal Wedding Evening Sandals UK 6 B074S19DQ4 ParentMINITOO Girls Womens Ruched Stiletto High Heel Ivory Bridal Wedding Sandals UK 9 B074S19TL8 Parent , MINITOO Girls Womens Flowers Fashion White Satin Bridal Wedding Sandals UK 5.5 B074S19X8H Parent , MINITOO Girls Womens Ruched Stiletto High Heel White Bridal Wedding Sandals UK 4.5 B074S1BN19 Parent , MINITOO Girls Womens Ruched Stiletto High Heel Ivory Bridal Wedding Sandals UK 7.5 B074S1Q7CH ParentMINITOO Girls Womens Bow High Heel White Evening Party Shoes Wedding Sandals UK 8.5 B074S18ZK4 Parent , MINITOO Girls Womens Peep Toe White Satin Applique High Heel Bridal Wedding Sandals UK 3.5 B074S1KPR7 ParentMINITOO Girls Womens Fashion Knot Bow White Satin Bridal Wedding Evening Sandals UK 3.5 B074S1CB2R ParentMINITOO Girls Womens Elegant Flowers White Satin Slingback Bridal Wedding Party Sandals UK 5 B074S1DH4N ParentMINITOO Girls Womens Peep Toe Green Satin Evening Prom Wedding Sandals UK 8.5 B074S1H9SW Parent , MINITOO Girls Womens Peep Toe Green Satin Evening Prom Wedding Sandals UK 9 B074S1H5W4 ParentMINITOO Girls Womens Ruched Stiletto High Heel White Bridal Wedding Sandals UK 8 B074S2671V ParentMINITOO Girls Womens Peep Toe Green Satin Evening Prom Wedding Sandals UK 5 B074S1HZJB Parent , MINITOO GYMZ683 Womens Peep Toe Pink Satin Evening Party Prom Bridal Wedding Shoes Pumps Sandals Flatfs UK 8.5 B074S1NTNJ Parent , MINITOO MZ602 Womens Peep Toe Stiletto Heel Flower Ivory Satin Bridal Satin Back Strap Sandal UK 7 B074S1SGZS Parent , MINITOO Womens MZ578 Peep Toe Med Heel Rhinestone White Satin Bridal Wedding Shoes Sandals UK 7.5 B074S1S4C3 Parent ,

Time limit is exhausted. Please reload CAPTCHA.

MINITOO Y309 Womens Stiletto White High Heel nhta-29955 White Satin Evening High Party Bridal Wedding Ruched Sandals UK 3 B074RYSLDP Parent ff66dce - salonsevendallas.com