Men bargain robust/Women TAOFFEN Women's Zipper Boots B07845MSHN Parent menu bargain Trendy Elegant and robust menu 2d7c674 - 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.”

Men bargain robust/Women TAOFFEN Women's Zipper Boots B07845MSHN Parent menu bargain Trendy Elegant and robust menu 2d7c674

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 *

RAZAMAZA Women Simple Ankle Boots B078DXWY7L ParentSJJH Women Ankle Bootie with Mid Chunky Heel and 4-Colors Working Boots with Plus B078DZ29RT Parent , RAZAMAZA Women Fashion Party Boots Zipper B078DXV4WQ ParentSJJH Women Ankle Boots with Cute Bowtie Flat Boots with Mini/Plus Size and 4-Colors Available B078DZ2D8W ParentTAOFFEN Women's Boots Pull On B078C88RXC Parent , SJJH Women Ankle Boots with Faux Suede Materail and 4-Colors All Match Roman Bootie with Large B078DZ2KJ2 ParentTAOFFEN Women's Fashion Long Boots Pull On B078DM12GP ParentCoolcept Women Fashion Bootie Side Zipper B078F6QTHM Parent , Onewus Women Over Calf Boots With Plus Size and 4-Colors Available All Match Flat Boots With Nubuck Materail B078F6ZG1N ParentOnewus Women Ankle Boots With High Chunky Heel and Pointed Toe Sexy Women Party Boots With Plus Size Available B078F6ZG35 ParentOnewus Women Ankle Boots With Mid Thin Heel and All Match Women Boots With Small/Plus Size Available B078F6ZG2Z Parent , Cushion Walk Womens Brown Fur Top Boot B078FGN5ZZ Parent , Onewus Women Ankle Boots With Nubuck Materail All Match Women Boots With Mini/Plus Size For Parties B078F71BDP Parent , VEVJUNIA Ladies Snow Boot Winter Outdoor Snow Waterproof Warm Plush Rain Boot B078FH2ZS5 ParentRAZAMAZA Women Hidden Heel Zipper Bootie B078FH6QHV ParentMiss Image UK Ladies Womens Over The Knee Thigh High Pull On Stretch Flat Low Heel Stud Boots Shoes Size B078FQTGT8 Parent , RAZAMAZA Women Fashion Ankle Boots B078GS86W9 ParentWomens Ladies Over The Knee Mid Heel Slouch Fashion Faux Suede Boot UK Size 3-8 B078G4PMH3 ParentBigTree Knee High Boots Comfortable Women Casual Bowknot Zipper Riding Boots by B078FY5LT5 ParentRAZAMAZA Women Trendy Biker Boots B078FGW2ZP Parent , TAOFFEN Women's Chunky Bootie Side Zipper B078GMMGRN ParentCoolcept Women Fashion Ankle Boots Zipper B078GPY9M5 ParentCoolcept Women Fashion Booties Block Heel B078GQ8WRR ParentRAZAMAZA Women Short Boots High Heel B078GQ3X7K ParentCOOLCEPT Women Fashion Ankle Boots B078GRL8TN ParentFantasia Boutique Ladies Faux Suede Elasticated Stretch Pull On Low Heel Chelsea Ankle Boots B078H247LJ Parent , Sapphire Boutique ® Womens Stretch Elasticated Faux Suede Low Heel Pull On Ankle Chelsea Boots B078GYCFBS Parent , RAZAMAZA Women High Heel Short Boots B078GPSGDD Parent , COOLCEPT Women Short Boots High Heel B078GQ182N Parent

Time limit is exhausted. Please reload CAPTCHA.

Men bargain robust/Women TAOFFEN Women's Zipper Boots B07845MSHN Parent menu bargain Trendy Elegant and robust menu 2d7c674 - salonsevendallas.com