Showudesigns Fashion Fashion Sneakers Sport Women's Running Sport Shoes Sneakers Denim Animal Design Parent B07CKQFWRW c3601de - 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.”

Showudesigns Fashion Fashion Sneakers Sport Women's Running Sport Shoes Sneakers Denim Animal Design Parent B07CKQFWRW c3601de

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 *

RTRY 2017 New Arrival Creative Shape Women'S Slippers 3D Fish Print Flip-Flops Design Personality Handmade Open... Parent B074K5NS14 , NIKE Women’s Wpre_Love O.x Low-Top Sneakers Parent B07FRKHZMQ , NIKE Women’s W Pre-Love O.x. Low-Top Sneakers Parent B07FRCQNTQUnisex Wool Slipper Boots Indoor Outdoor Ankle Bootie for Mens Womens Warmer Shoes Fleece Lining Pure Wool Slipper... Parent B07H5FNY79PLOT❤Snow Boots for Girls Boys Bootie Small Bear Bandage Warm Shoes(Infant/Toddler) Parent B07H4CK822PUMA Women's Prowl Alt 2 Sneaker, Black White, 10.5 M US Parent B077ST1T51 , Gentlemen/Ladies Puma Prowl Alt 4 Parent B078C8ZNK8 Fashion pattern Clearance Speed ​​refund , ESPRIT Gwen Python Lu, Women’s Trainers Parent B016BOLKIEReebok Women’s Club C 85 Vintage Low-Top Sneakers, Ecru Parent B078H7S4K1adidas Originals Women's Adilette W Sneaker, Supplier Colour, core Black, FTWR White, 8 M US Parent B0758W9VBY , RTRY Women'S Sandal Light Sole Spring Summer Fall Winter Microfibre Casual Outdoor Dress Split Joint Flat Heel... Parent B075MCJ5XSadidas Originals Women's Adilette W Sneaker, Supplier Colour, core Black, FTWR White, 11 M US Parent B075R871CQadidas Originals Womens CQ2236 Adilette W Parent B0759R829J , Rieker L3206, Women’s Low-Top Sneakers Parent B01N0CBJC6 , THE NORTH FACE Women’s Base Camp Flow Trainers Parent B01N6XEFAE , BUTY PUMA DISC BLAZE SHINE 362709 03 - 36 Parent B01MZDGQ0BBUTY PUMA DISC BLAZE SHINE 362709 03 - 41 Parent B01MZDGP66 , BUTY PUMA DISC BLAZE SHINE 362709 03 - 37 Parent B01N37JQVG , BUTY PUMA DISC BLAZE SHINE 362709 03 - 39 Parent B01N37JO72BUTY PUMA DISC BLAZE SHINE 362709 03 - 38 Parent B01NH9OD14 , BUTY PUMA DISC BLAZE SHINE 362709 03 - 40 Parent B01NAWV95R , PLOT❤Kids Casual Shoes for Girls Pearls Princess Single Baby Shoe(Toddler/Little Kid) Parent B07HND1H8ZSeavees Women's 08/61 Army Issue Low Fashion Sneaker Parent B00SVRTLV8Puma Women’s Prowl Alt Fitness Shoes, Black/White Parent B072HYWD9D , K-Swiss Women’s Belmont So T M Low-Top Sneakers Parent B00LMCOJ02 , K-Swiss Women's Belmont SO T Low-Top Trainer Parent B00LMCOEUWadidas Women's Regular Tp Cuf Trousers Parent B07G7BYNDZMustang Women’s 1271-305-9 Trainers, Black, 4 UK Parent B077P2J15KMINITOO QJ6215 Women's Flowers Flared Heel Silver Satin Salsa Latin Dance Shoes 4 M UK Parent B013JIN4Z2 ,

Time limit is exhausted. Please reload CAPTCHA.

Showudesigns Fashion Fashion Sneakers Sport Women's Running Sport Shoes Sneakers Denim Animal Design Parent B07CKQFWRW c3601de - salonsevendallas.com