Attribute Fisherman Phoenix Parent Women's Block Heel nhta-29607 Fisherman Red Leather Boots, UK 5/EU 38 B07G2C29XS Parent b3909fe - 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.”

Attribute Fisherman Phoenix Parent Women's Block Heel nhta-29607 Fisherman Red Leather Boots, UK 5/EU 38 B07G2C29XS Parent b3909fe

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 *

Young Spirit 55298 Womens Boots B07GCXMZS7 Parent , GLTER Women Platform Motorcycle Boots 2018 Autumn Winter Rivet Martin Boots B07GD149N2 ParentGLTER Women Pointed Sequin Boots 2018 Autumn Winter New Plaid High Heels B07GD16W9B Parent , GLTER Women Pointed Knee Boots 2018 Autumn Winter Flower Striped High Boots B07GD2GT1S Parent , Niooo Flat Bottomed Boots Autumn Winter Boots Martin Boots Round Boots Cotton Boots Flat Bottom Short Boots B07GD3XKY8 ParentNiooo Slender Boots Elegant Sexy Super High Heel Fish Mouth Boots B07GD4LFVY ParentNiooo Winter Boots Soft Bottom Elegant Mid Slope Comfortable Warm Fashionable Embroidered Embroidered Embroidered... B07GD4LP8Z Parent , Niooo Women'S Boots In Autumn Winter Are Fashionable Red Thin Boots B07GD4PRDY ParentNiooo Autumn Winter Female Boots Tassel Short Female Boots B07GD4TM49 Parent , Niooo Women'S Boots Autumn Winter Women'S Boots Fringes Boots Fashion Warmth Boots B07GD4Q7Z1 ParentNiooo Fashion Short Boots High Heels High Flying Boots B07GD4VDJS Parent , Niooo Tassel Boots Autumn Winter Rough Heels High Side Heels Zippers Short Boots Fashionable Boots B07GD54QVP ParentNiooo Motorcycle Boots Autumn Winter Square Bottom Punk Tie Middle Tube Women'S Boots B07GD55Z5P ParentGONG SHOP Locomotive Boots in The Tube Wedge Women's Boots Belt Metal Chain Platform Boots B07GDLPB44 ParentGONG SHOP Women's Booties Autumn Winter Ankle Boots Thick Suede Straps Tassels Handmade B07GDLRR7M ParentIGI&CO Women's Boots Black Black B07GDM8Q9B Parent , Gai Mattiolo Women's Boots Black Black B07GDPDTV1 Parent , Daniel Goot Black Suede Ankle Boots B07GDTVMSG Parent , Man's/Woman's Sole Moye Boots Tan B07GF3H9S7 Parent High quality and low overhead At a lower price Personalization trendRockfish Women's Neoprene Lined Tall Adjustable Gloss Wellington PR-19977 B07GFJBF17 Parent , MANGO Women's Slit Leather Ankle Boots 33040667 B07GFH9PQQ ParentFine-Heeled High-Heeled Waterproof Platform Round Head Large Size Fashion Feather High Tube Women's Boots B07GFMQD63 Parent , Gentleman/Lady Remonte D4365 Womens Booties B07GFRB97T Parent Modern technology Year-end sale Very practicalMan's/Woman's Calzados Romero Women's Boots B07GFV4QDC Parent Wear resistant Online Outstanding function , Fashion Chelsea Ankle Boots Women Block High Heel Genuine Leather Round Toe Comfy Slip On Short Booties B07GFZ93GJ ParentMen's/Women's Sole Moxon Boots Brown B07GGKL2DY Parent fashion King of quantity ExportGentlemen/Ladies Sole Geary Boots Grey B07GGP669H Parent Elegant and sturdy set meal Won highly appreciated and widely trusted at home and abroad VariousLarge Size Super High Heel Boot High Boots Fashion Nightclub Rough with Round Head Women's Boots B07GLH7SNQ ParentThalia Sodi Womens Blairre Closed Toe Over Knee Fashion Boots B07GLKXMJT Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Attribute Fisherman Phoenix Parent Women's Block Heel nhta-29607 Fisherman Red Leather Boots, UK 5/EU 38 B07G2C29XS Parent b3909fe - salonsevendallas.com