Man's/Woman's Tingri Schuhe goods B00IP225X0 Parent Schuhe New Parent Listing excellent Explosive good goods d52a910 -

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.”

Man's/Woman's Tingri Schuhe goods B00IP225X0 Parent Schuhe New Parent Listing excellent Explosive good goods d52a910

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 *

ASICS Women's Hyper LD 5 Track And Field Shoe,Mango/Rose/Mint,6 M US B00KOH5V0S ParentNike Free Og '14 Br ATMC MNG Sport Trainer Shoes B00KNS3QGY Parent , Asics Gel-DS Trainer 20 Women US 8 Yellow Running Shoe B00KOLM8T6 ParentAsics Gel-DS Trainer 20 Women US 11 Yellow Running Shoe B00KOLM3IM ParentGentleman/Lady Asics Gel-Fortify Running Shoe B00KOLTL2S Parent Cheap Order welcome best sellerASICS Women's GT-2000 3 Trail Running Shoe Lightning/Hot Pink/Navy 5 B - Medium B00KOLQIYM ParentAsics Gel-Nimbus 17 (2A) Women's Narrow Running Shoe B00KOLVL5I Parent , Asics Women's Gel-Nimbus 17 Running Shoe B00KOLUX48 Parent , ASICS Women's Hyper LD 5 Track And Field Shoe,Mango/Rose/Mint,10.5 M US B00KOLW6BQ Parent , Salomon Women's X Scream 3D Running Shoe, Stone Blue/Artist Grey/Lucite Green, 6.5 US B00KWK85TG ParentAsics Women's Gel-Noosa Tri 10 Running Shoe B00KOLX7AA Parent , X Alp Pro Gtx W6.5 UK B00KWK4FP4 ParentAsics Gel-Nimbus 17 (D) Women's Wide Running Shoe B00KOM5ELY ParentSaucony Kinvara 5 Women's Running Shoes B00KPU0GZY ParentAsics Gel-Nimbus 17 Women's Running Shoe B00KOMD87G ParentAsics Women's Gel Evate 3 Running Shoe B00KOMAIZ6 Parent , Saucony Breakthru Women's Running Shoes - 8 B00KPTYGNS ParentAsics Gel-Noosa Tri 10 Women's Running Shoe B00KOLX7DW ParentSaucony Hurricane ISO Women's Running Shoes B00KPTZZNI ParentSaucony Women's Breakthru Running Shoe,Blue/Vizi Orange,5 M US B00KPTYIKY ParentSaucony Women's Hurricane ISO Running Shoe B00KPU04DI Parent , Saucony Women's Kinvara 5 Running Shoe,White/Twilight/Sunset,8 M US B00KPU0A14 Parent , Saucony Women's Kinvara 5 Running Shoe,Mint/Cherry,8 M US B00KPU0F64 Parent , ASICS Women's Hyper LD 5 Track And Field Shoe,Mango/Rose/Mint,6.5 M US B00KOLW7ZG Parent , New Balance Women's W1980 Fresh Foam Zante Running Shoe, Grey/Pink, 5.5 D US B00KQ330ZI Parent , Men's/Women's PEREGRINE 5 GREY/MINT/PURPLE B00KPU16BM Parent durable Let our goods go to the world buy online , Lowa Zephyr Mid GTX Black Size: 8.5 UK B00KR3O5HO Parent , Saucony Women's Xodus 5.0 Trail-Running Shoe B00KPU31P6 ParentSaucony Break Thru Women's Running Shoes B00KPTYGN8 Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Man's/Woman's Tingri Schuhe goods B00IP225X0 Parent Schuhe New Parent Listing excellent Explosive good goods d52a910 -