GAOLIXIA Parent New Women's High Heels Spring And Summer New Rivets Roman Rivets Decorative High-heeled Female Sandals Hollow Fashion... B07BN372FZ Parent a5915f5 -

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.”

GAOLIXIA Parent New Women's High Heels Spring And Summer New Rivets Roman Rivets Decorative High-heeled Female Sandals Hollow Fashion... B07BN372FZ Parent a5915f5

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 *

GTVERNH Women'S/Ladies/Fashion/Summer/Cross Strap Toe Wedges Sandals All-Match White Black Color High-Heeled Shoes... B07C1F84GQ Parent , High heel shoe bride shoes 15 centimeter sandals B07C1J8T86 Parent , GTVERNH-Women'S/Ladies/Fashion/Summer/16Cm Super High Heels Shoes Sandals Shoes With Thin Tubular Nightclub Sexy... B07C1JL9PN ParentGTVERNH-Women'S/Ladies/Fashion/Summer/Model Show Shoes Sexy Night Shop 12Cm Super Heel Waterproof Platform Fine... B07C1JLRQ6 Parent , GaoXiao 17 centimeter white women shoes wedding shoes high heel sandals B07C1LWK8T Parent , GaoXiao 18/20 centimetre high heel shoes transparent sandals night shop performance shoes B07C1LWK8V Parent , High heels shoes 17/20 cm Club fine with transparent crystal waterproof shoes sandals bride wedding shoes,Thirty-seven... B07C1LZMFL ParentGaoXiao 15 cm High Heels Sandals Shoes shoes steel catwalk shows show Club Dress Shoes B07C1LZN9V Parent15 centimeter super heel sandals hollowed out black crystal stage performing fashion show to take photos of women's... B07C1LZQ3S ParentGaoXiao Stencil sandals featuring stage performance shoes 15 cm super heels B07C1M35T3 Parent , 20 centimeter high heel shoe night shop transparent crystal sandals B07C1M35XS Parent , GaoXiao 15 cm super heel shoes model banquet dress shoes night shoes sandals B07C1M37KV Parent , GaoXiao 17 centimeter super heel slippers crystal shoes transparent silver flower shoes B07C1M6D44 ParentHigh heels 17/20 centimetre transparent crystal high heel sandals model walking shoes B07C1MSLJK Parent , 15 cm high heels wedding shoes crystal sandals SANDALS/evening dress shoes B07C1MSQR3 Parent , GaoXiao 17 high heel sandals and show shoes B07C1MVFLK Parent , 15 cm high heel shoes/Crystal sandals B07C1N42QZ ParentGaoXiao 15 centimeter high heel shoe crystal shoe evening banquet sandals for stage performance sandals B07C1N6KFG Parent , 15 centimeters of crystal shoes, sandals, transparent flowers and wedding shoes B07C1N6K56 ParentGaoXiao Stage shoes 18/20 centimetre High Heel Sandals B07C1N84WP ParentGaoXiao 15 centimeter super heel shoes model Dress Sandals B07C1R2FP2 ParentGaoXiao Wedding shoes 20 cm high heel crystal shoes red bridal sandals banquet shoes B07C1R2JDK ParentFull transparent crystal sandals stage show fashion show shoes 15 cm B07C1R2JVD Parent , GaoXiao Super heels 17cm hollowed out splice sandals T foot strap shoes B07C1R3PQ8 Parent , 17 centimeter high heel sandals wedding shoes B07C1R3PQY ParentGaoXiao Hollowed out banquet shoes 17 centimeters high heel sandals B07C1R3RPT Parent , GaoXiao Bride's wedding shoes white rose transparent crystal sandals 15 cm high heels B07C1R3VJN ParentGaoXiao 15 centimeter sandals transparent crystal high heel shoes banquet night store shoes B07C1R3VJD ParentHRCxue Tip light-thick with high-heeled shoes satin shoes to tie-in with the hollow sandals Female B07C3M2J4J Parent

Time limit is exhausted. Please reload CAPTCHA.

GAOLIXIA Parent New Women's High Heels Spring And Summer New Rivets Roman Rivets Decorative High-heeled Female Sandals Hollow Fashion... B07BN372FZ Parent a5915f5 -