AalarDom AalarDom Women's Buckle Kitten-Heels Closed-Toe Closed-Toe Sandals B07H4BLVNC Buckle Parent 9b25cfc - 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.”

AalarDom AalarDom Women's Buckle Kitten-Heels Closed-Toe Closed-Toe Sandals B07H4BLVNC Buckle Parent 9b25cfc

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 *

Aimint Womens Solid Hounds-Tooth Dance-Ballroom Urethane Slides Sandals EYR00379 B07H4C2G2J ParentAgooLar Women's Buckle Blend Materials Assorted Color Sandals B07H4C4ZTF Parent , AalarDom Women's Frosted Solid Buckle Open-Toe Kitten-Heels Sandals, TSDLH008005 B07H4C4TP5 ParentAgooLar Women's Solid Pu High-Heels Zipper Open-Toe Sandals, GMDLB014478 B07H4C5T6F ParentAgooLar Women's Imitated Suede Open-Toe Kitten-Heels Solid Sandals B07H4C4ZVZ Parent , AgooLar Women's High-Heels Blend Materials Solid Pull-On Pointed-Toe Sandals, GMDLB014548 B07H4C5T92 Parent , AalarDom Women's Buckle Pu Open-Toe Solid Sandals B07H4C5DT6 Parent , Allhqfashion Women's Buckle Imitated Suede Open-Toe Kitten-Heels Solid Sandals, FBULD015166 B07H4C5THL Parent , AgooLar Women's High-Heels Solid Buckle Pu Open-Toe Sandals, GMDLB014966 B07H4C5T8Y Parent , Allhqfashion Women's Buckle High-Heels Pu Solid Open-Toe Sandals, FBULD015030 B07H4C5TH6 Parent , AalarDom Women's High-Heels Patent Leather Solid Sandals B07H4C7GLK Parent , AalarDom Women's High-Heels Solid Buckle Open-Toe Sandals B07H4C72XK ParentAllhqfashion Women's Kitten-Heels Buckle PU Solid Open-Toe Sandals, FBULD013652 B07H4C81MV ParentAllhqfashion Women's Open-Toe Solid Spikes-Stilettos Sandals B07H4C7315 Parent , Allhqfashion Women's Assorted Color PU High-Heels Peep-Toe Buckle Sandals,FBULD014794 B07H4C8X1K ParentAllhqfashion Women's Hook-and-Loop Patent Leather Open-Toe Kitten-Heels Sandals,FBULD015744 B07H4C81MP ParentAgooLar Women's Zipper Pu High-Heels Open-Toe Zipper Sandals,GMDLB014663 B07H4C934V ParentAgooLar Women's Assorted Color Pu High-Heels Pull-On Open-Toe Sandals, GMDLB014509 B07H4C8NCG ParentAgooLar Women's Buckle Pu Open-Toe High-Heels Solid Sandals, GMDLB014960 B07H4C936Y Parent , Allhqfashion Women's High-Heels Imitated Suede Solid Buckle Closed-Toe Sandals, FBULD015376 B07H4C8X1Q ParentAllhqfashion Women's Buckle Open-Toe Low-Heels Pu Solid Sandals, FBULD014681 B07H4C9WKS Parent , AgooLar Women's Low-Heels Solid Buckle Frosted Closed-Toe Sandals, GMDLB015305 B07H4C935L ParentAllhqfashion Women's Pu Closed-Toe Kitten-Heels Buckle Solid Sandals, FBULD015273 B07H4C9WL9 Parent , Allhqfashion Women's Kitten-Heels Buckle Round-Toe Sandals,FBULD015752 B07H4C96X1 Parent , AalarDom Women's Buckle PU Closed-Toe Kitten-Heels Solid Sandals B07H4CBJ8J ParentAllhqfashion Women's Solid Pu Low-Heels Buckle Open-Toe Sandals, FBULD015259 B07H4C9WL3 ParentAalarDom Women's Solid Kitten-Heels PU Buckle Closed-Toe Sandals B07H4CBJ91 ParentAalarDom Women's Fabric High-Heels Open-Toe Stripe Buckle Sandals,TSDLH007176 B07H4CBJ87 Parent , AalarDom Women's Patent Leather Solid Buckle Closed-Toe Kitten-Heels Sandals, TSDLH007969 B07H4CCQNN Parent

Time limit is exhausted. Please reload CAPTCHA.

AalarDom AalarDom Women's Buckle Kitten-Heels Closed-Toe Closed-Toe Sandals B07H4BLVNC Buckle Parent 9b25cfc - salonsevendallas.com