Refresh Women’s 64292 B078CB5QY1 Open Toe Sandals B078CB5QY1 Parent Open Parent c85599f - 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.”

Refresh Women’s 64292 B078CB5QY1 Open Toe Sandals B078CB5QY1 Parent Open Parent c85599f

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 *

Van Dal Shoes Womens Vital Sandals in Red B01D34XYQ6 Parent , Gioseppo Women’s 44425 Open Toe Sandals B078W711QK Parent , MTNG Women’s New Aurora Open Toe Sandals B0778ZY86S ParentWrangler WL181642 Wedge Sandals Women B07D3WCC6Q Parent , AARZ LONDON Womens Ladies Shimmery Evening Wedding Party Bridal Prom Platform High Heel Sandal Shoes Size B07BFFPHGG Parent , AARZ LONDON Women Ladies Crystal Diamante Evening Wedding Party Prom Gladiator High Heel Sandals Shoes Size B07DC5G35P Parent , Women Sandals Cow Genuine Leather Flat Heel Sandals Fashion Summer Shoes Woman Sandals B07FL51J4P ParentTamaris Women’s 28395 Wedge Heels Sandals B01N0AE0IJ ParentFashion Heeled Sandals Women Ankle Strap High Heel Closed Toe Bridals Shoes Flower Wedding Party Evening Plus... B07CVLWRS4 ParentBFMEI Sandals, Cozy Rough-Heeled Fashion High Heel Large Size Sandals B07D1YLCYB ParentWedopus MW537 Women's T Bar Open Toe Wedge Heel Rhinestone Pumps Ivory Party Bridal Shoes Sandals B01K4EV1E0 Parent , Marco Tozzi 28156, Women’s Gladiator Sandals B077NJV7FY ParentRegatta Women’s Lady Santa Cruz Ankle Strap Sandals B0779N9H41 ParentVan Dal Shoes Womens Mascot Sandals in Black B01D34W0E8 ParentECCO Women’'s Shape 35 Block Sandal Slide B01I6C3CG2 Parent , Jana Women’'s 28306 Sling Back Sandals B077FTYFQV ParentCrocs Modi Sport Unisex Adult Slide Sandals B01N5HMCVS ParentOffice Women’s Salute Open Toe Sandals B078H7LFZ6 ParentGentleman/Lady Keen Women's Bali Sandal B06ZYGZLL6 Parent Special price Comfortable touch Different styles and stylesBetula Unisex - Adult Energy Sandals B00432LPY6 ParentTamaris Women’'s 28009 Sling Back Sandals B078HH75QB Parent , Jana Women’s 28214 T-Bar Sandals B077FN3JVS Parent , Man/Woman Elle Vigny, Women’s Sandals B01967AIZY Parent Great variety High-quality materials Known for its excellent qualityHotter Women’'s Florence EXF Open-Toe Sandals B075GPNB49 Parent , Paper Dolls Luella, Women’s Open Toe Sandals B01FKA86UA Parent , MARCO TOZZI premio Women’s 28133 T-Bar Sandals B077SK5C1V Parent , LOTUS Womens Shoe Sommer White 8 B0786MB15W Parent , AARZ LONDON Womens Ladies Glittery Evening Wedding Party Bridal Prom Platform High Heel Sandals Shoes Size B07BFFJMFG Parent , Men's/Women's Tamaris Women’'s 27128 Sandals B01MUFCWAC Parent service The latest technology cheap price

Time limit is exhausted. Please reload CAPTCHA.

Refresh Women’s 64292 B078CB5QY1 Open Toe Sandals B078CB5QY1 Parent Open Parent c85599f - salonsevendallas.com