Gentleman List/Lady Think Good! Women's 81189-00 Boots B076PPCVZL Parent Boots Good world reputation fashionable List of explosions fade72a - 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.”

Gentleman List/Lady Think Good! Women's 81189-00 Boots B076PPCVZL Parent Boots Good world reputation fashionable List of explosions fade72a

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 *

Clarks - Womens Tamitha Key Low Boot, Size: 8.5 B(M) US, Color: Mahogany B0776272T8 ParentClarks - Womens Tamitha Key Low Boot, Size: 8.5 C/D US, Color: Olive B07762RPXL Parent , Clarks - Womens Tamitha Key Low Boot, Size: 7.5 C/D US, Color: Mahogany B07762Q69J ParentClarks - Womens Tamitha Key Low Boot, Size: 8 B(M) US, Color: Olive B07763D724 Parent , Clarks - Womens Tamitha Key Low Boot, Size: 9 C/D US, Color: Olive B07763D726 Parent , Clarks - Womens Tamitha Key Low Boot, Size: 7.5 B(M) US, Color: Mahogany B07763LNWW Parent , Clarks - Womens Tamitha Key Low Boot, Size: 10 C/D US, Color: Mahogany B07763LK4X Parent , CLARKS - Womens Tamitha Key Low Boot, Size: 9 B(M) US, Color: Black B07763PY4J Parent , Clarks - Womens Tamitha Key Low Boot, Size: 7.5 B(M) US, Color: Navy B07763LPLM Parent , CLARKS - Womens Tamitha Key Low Boot, Size: 6 B(M) US, Color: Olive B07763T9Q3 ParentClarks - Womens Tamitha Key Low Boot, Size: 10 B(M) US, Color: Navy B07763THKK Parent , CLARKS - Womens Pure Craft Boot, Size: 8 B(M) US, Color: Navy Suede B07763ZRF2 ParentCLARKS - Womens Tamitha Key Low Boot, Size: 9 B(M) US, Color: Dark Tan B07763THQY ParentClarks - Womens Tamitha Key Low Boot, Size: 6.5 B(M) US, Color: Navy B07764L387 Parent , Clarks - Womens Tamitha Key Low Boot, Size: 8 C/D US, Color: Navy B077644P84 Parent , CLARKS Womens Tamitha Key Low Boot, Size: 10 B(M) US, Color Olive B07765DNK6 ParentCLARKS - Womens Tamitha Key Low Boot, Size: 7.5 B(M) US, Color: Black B07765BZVL Parent , Clarks - Womens Tamitha Key Low Boot, Size: 7 C/D US, Color: Mahogany B07765RS96 Parent , Clarks - Womens Tamitha Key Low Boot, Size: 8 C/D US, Color: Mahogany B07765GRHG Parent , Clarks - Womens Tamitha Key Low Boot, Size: 7 C/D US, Color: Black B07765X739 ParentClarks - Womens Tamitha Key Low Boot, Size: 10 C/D US, Color: Black B07765S8Q9 Parent , Clarks - Womens Tamitha Key Low Boot, Size: 8.5 C/D US, Color: Mahogany B0776616VF Parent , Clarks - Womens Tamitha Key Low Boot, Size: 8.5 B(M) US, Color: Olive B07765X73F ParentClarks - Womens Tamitha Key Low Boot, Size: 7.5 C/D US, Color: Navy B077662QF3 Parent , Clarks - Womens Tamitha Key Low Boot, Size: 9 C/D US, Color: Black B077664LJG Parent , Clarks - Womens Tamitha Key Low Boot, Size: 7 B(M) US, Color: Navy B077665ZJH Parent , CLARKS - Womens Tamitha Key Low Boot, Size: 8 B(M) US, Color: Mahogany B07766D38G Parent , CLARKS Womens Tamitha Key Low Boot, Size: 10 B(M) US, Color Dark Tan B07766JJ5W ParentClarks - Womens Tamitha Key Low Boot, Size: 10 C/D US, Color: Navy B07766M9MY Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Gentleman List/Lady Think Good! Women's 81189-00 Boots B076PPCVZL Parent Boots Good world reputation fashionable List of explosions fade72a - salonsevendallas.com