Parade 07braga 07braga 17 21 Low Safety Footwear 21 Size Safety 37 B01G72F8BA Parent 1d734c4 - 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.”

Parade 07braga 07braga 17 21 Low Safety Footwear 21 Size Safety 37 B01G72F8BA Parent 1d734c4

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 Women's Artisan Noreen Wise Slip-On Loafer,Black,7.5 M US B0074BN9PG Parent , Semler Women's Ria Loafers, Black (001 Schwarz), 5 UK B01F3DLLL0 ParentSemler Women’s Ria Loafers, Black B01F3DLWEG ParentSemler Women's Ria Loafers, Black (001 Schwarz), 9 UK B01F3DLWIM Parent , Waldläufer Women's 607501-172111 Loafer Flats beige beige B009GY8IRS ParentClarks Women's Keesha Cora Penny Loafer, Black B072KNDR7S ParentGentlemen/Ladies Pikolinos Women's Loafer Flats B075SGGFFP Parent Many varieties modern Characteristics , Gentleman/Lady Rieker Women’s L1778 Loafers B078NCM881 Parent Special purchase Low price Export , Gabor Women’s Comfort Moccasins, Ocean B01MFBP1B0 ParentTaryn Rose Womens Faye Silky Suede Leather Pointed Toe Loafers B074B6JYZ8 ParentAerosoles Women’s Fast Lane Mix Bamboo Moccasins B077B12426 Parent , kensie Women’s Madeleine Loafer Flat B07B6NPSJB Parent , Gabor Women's Loafer Flats Blue pazifik/Ocean B079SPCCYL Parent , Men's/Women's Stuart Weitzman Women's Wells B078YJT4XS Parent Easy to clean surface Latest styles Excellent workmanship , Giuseppe Zanotti Women's Tuxedo Loafer B01F5PORJE Parent , Mustang Women’s 1267-501-820 Hi-Top Trainers B07BL4L6TD Parent , 24 HORAS Women’s 23812 Loafers B07DRVQ56Q Parent , Waldläufer Women's Loafer Flats Silver Silver 7 UK B079J1NXZ5 ParentWULIFANG New Fun Casual Square Buckle Shallow Metal Decoration Peas Soft Bottom Comfortable Walk B07GXBY5N8 ParentGentleman/Lady Rieker Women’s 53732 Moccasins B071ZP2JWV Parent High grade New products in 2018 The first batch of customers' comprehensive specifications , Gentleman/Lady Melluso R25903 Mocassin Women B076CXY7W4 Parent Modern technology Brand Contrary to the same paragraph , Carvela Women’s Cilla Np Loafers B06XF4ZW58 Parent , Skechers Women's Millennial - Light Storm, Walking, Black/White, M B074TWQBWW Parent , NIKKI ME Women's Casual Low Cut Shoes Silver in Size 41 B077RHVGMP ParentNIKKI ME Women's Casual Low Cut Shoes Silver in Size 38 B077RMHZ2J Parent , Lucky Brand Strong Loafer Flat Shoes for Women UK Size 3.5 B00X8RSPLS Parent , Marc Jacobs Women’s Tilde Embellished Loafer B07324LLG2 Parent , Vans W Mohikan (Perfed) Tile B, Women’s Moccasins B00F0UG054 ParentMELLUSO Women's Loafer Flats grey grey 5 B06XQ4Y59W Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Parade 07braga 07braga 17 21 Low Safety Footwear 21 Size Safety 37 B01G72F8BA Parent 1d734c4 - salonsevendallas.com