MINITOO Ladies 30248 Pearl Beaded 4" Heel Red Wedding B0755HHFML Performance nhta-30245 Pumps Shoes UK 3.5 B0755HHFML Parent ea90e9f - 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.”

MINITOO Ladies 30248 Pearl Beaded 4" Heel Red Wedding B0755HHFML Performance nhta-30245 Pumps Shoes UK 3.5 B0755HHFML Parent ea90e9f

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 *

1TO9 Womens Bandage Platform Wedges Urethane Oxfords Shoes B0756D6VPG Parent , 1TO9 Womens Wedges Platform Bandage Urethane Oxfords Shoes B0756DBBQH ParentLadola Womens Firm-Ground Pointed-Toe Adjustable-Strap Lights Urethane Pumps Shoes B0756DBK4C Parent , 1TO9 Womens Round-Toe Bandage Platform Microfiber Oxfords Shoes B0756DD12H Parent , 1TO9 Womens Grommets Pointed-Toe Buckle Urethane Pumps Shoes B0756DG99D Parent , 1TO9 Womens Assorted Color Chunky Heels Square-Toe Black Suede Pumps Shoes - 2.5 UK B0756DDN5G Parent1TO9 Womens Bows Spikes Stilettos Peep Toes Urethane Pumps Shoes B0756DHBZM Parent , 1TO9 Womens Peep-Toe Spikes Stilettos Platform Urethane Pumps Shoes B0756DG99Q Parent , Ladola Womens Pointed-Toe Solid Tuxedo Slip-Resistant Urethane Pumps Shoes B0756DKPGC ParentLadola Womens Professional Low-Cut Uppers Light-Weight Spikes Stilettos Suede Pumps Shoes B0756DHLZF Parent , Ladola Womens Business Closed-Toe Slip-Resistant Waterproof Urethane Pumps Shoes B0756DKPGL Parent , 1TO9 Womens Buckle Pointed-Toe Low-Cut Uppers Urethane Pumps Shoes B0756DKSQV Parent , 1TO9 Womens Hollow Out Platform Bandage Microfiber Oxfords Shoes B0756DPL76 ParentLadola Womens Professional Closed-Toe Solid Comfort Suede Pumps Shoes B0756DL1CD Parent1TO9 Womens Assorted Color Chunky Heels Square-Toe Black Suede Pumps Shoes - 2 UK B0756DZ7X8 ParentLadola Womens Adjustable-Strap Professional Ankle-Strap Suede Pumps Shoes B0756DSBL1 ParentMan's/Woman's IGI&Co 8829 Decolletè Women B0756V7CR2 Parent Quality queen Good market Highly appreciated and widely trusted in and out , 1TO9 Womens Spikes Stilettos Low-Cut Uppers Platform Urethane Pumps Shoes B0756DZ7YF Parent1TO9 Womens Spikes Stilettos Platform Low-Cut Uppers Microfiber Pumps Shoes B0756W3RSQ Parent , 1TO9 Womens Peep-Toe Chunky Heels Buckle Down Pumps Shoes B0756WPZQH Parent1TO9 Womens Buckle Spikes Stilettos Peep-Toe Suede Pumps Shoes B0756WR866 Parent1TO9 Womens Flowers Spikes Stilettos Platform Suede Pumps Shoes B0756WS3VC Parent1TO9 Womens Tassels Chunky Heels No-Closure Suede Oxfords Shoes B0756WXYMM Parent , 1TO9 Womens Rhinestones Metal Buckles Low-Cut Uppers Leather Pumps Shoes B0756WSLGL Parent , Ladola Womens Soft-Ground Bows Fashion Low-Top Urethane Pumps Shoes B0756YR8YL Parent , 1TO9 Womens Low-Cut Uppers Unique Platform Pointed-Toe Microfiber Pumps Shoes B0757QKPDZ ParentAdeeSu Womens Glitter Spikes Stilettos Low-Cut Uppers Sequin Pumps Shoes B07573WCZG Parent , Ladola Womens Soft-Ground Low-Cut Uppers Metal Ring Urethane Pumps Shoes B0757JG3Y2 ParentAdeeSu Womens Rhinestones Pointed-Toe Spikes Stilettos Suede Pumps Shoes B0757497NH Parent

Time limit is exhausted. Please reload CAPTCHA.

MINITOO Ladies 30248 Pearl Beaded 4" Heel Red Wedding B0755HHFML Performance nhta-30245 Pumps Shoes UK 3.5 B0755HHFML Parent ea90e9f - salonsevendallas.com