Donna Carolina Parent Women's 30260 Boots beige beige B07437BT4L Women's Parent 7131407 - 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.”

Donna Carolina Parent Women's 30260 Boots beige beige B07437BT4L Women's Parent 7131407

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 *

Clocharme Women's Boots brown brown B0748HS2QY ParentMan's/Woman's Skechers womens Radford-ligonier B0749228DT Parent Packaging diversity Orders are welcome Different styles , Ash Footwear Janice Russet Suede Studded Boot B0748JRB5Y Parent , Man's/Woman's Ganter Women's 42055610100 Boots B0749J1M4P Parent New varieties are launched Sales Italy Complete specifications , Paul Green Women's 9160-001 Classic Boot B0749GG5HW Parent , MBT Ankle Boots Womens Leather (4 UK / 37 EU, Brown) B0749KN1SR ParentDonna Carolina Women's 32055074 040 Boots B0749LBDG9 Parent , Donna Carolina Women's 32055074 037 Boots B0749L1VKT Parent , Donna Carolina Women's 32055074 037 Boots brown brown B0749ML64N Parent , MBT Ankle Boots Womens 5 UK (EU 37) Grey Suede Fur B0749M3F32 ParentMr/Ms MBT Women's Boots 4 B0749MVVQF Parent Special purchase Order welcome Very practical , Gabor Brook Croc Quilted Long Boot B0749MS6VQ ParentCharles David Women’s Rustic Ankle Boot B0749N4TL9 ParentMBT Ankle Boots Womens 4 UK (EU 37) Brown Nabuk Suede Fur B0749N44NG ParentThe Flexx Women’s Jump Ankle Boot B074G36BKC ParentMBT Ankle Boots Womens 4 UK (EU 37) Black Grey Leather Suede Fur B0749NRPWH Parent , CAFèNOIR Cafè Noir LNB935 DAMASCATO Fabric B074G36XG6 Parent , The Flexx Women's Saddle up Ankle Boot B074G36BP9 ParentMr/Ms Pleaser BEYOND-1018 B074G3RBNW Parent Not so expensive Primary quality Modern and elegant , The Flexx Women's Scrunchie Ankle Boot B074G3FY11 Parent , Man/Woman Guess Donna prodotto B074GCZ4Y6 Parent Charming design The latest technology Shopping promotion , Maciejka Women’s Damen Stiefelette 03201-11 Classic Boot B074G41144 ParentGentlemen/Ladies Dr. Martens Rigal Boots B074GNK2H8 Parent High grade Online export store SimpleAerosoles A2 by Women's Quick Role Knee High Boot B074GFVC2H ParentAerosoles Women’s Tax Bracket Ankle Boot B074GYZN2H Parent , Aerosoles Women’s Geneva 2 Mid Calf Boot B074GYVQYT ParentAerosoles womens NORTH SQUARE North Square B074H1F4NJ Parent , Aerosoles Women’s Timespan Ankle Boot B074H1N9K1 ParentMan's/Woman's U.S.Polo Women’s Combat Boots B074H84G53 Parent Complete specification range Optimal price Cheap order ,

Time limit is exhausted. Please reload CAPTCHA.

Donna Carolina Parent Women's 30260 Boots beige beige B07437BT4L Women's Parent 7131407 - salonsevendallas.com