Tefamore Women Solid Flat Sandals Cross Straps Open 30296 nhta-30297 Toe Buckle Low Heel Sandals����Soft Wedge Rubber Solid Flock Summer... B07CP3BPRF Parent 265055e - 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.”

Tefamore Women Solid Flat Sandals Cross Straps Open 30296 nhta-30297 Toe Buckle Low Heel Sandals����Soft Wedge Rubber Solid Flock Summer... B07CP3BPRF Parent 265055e

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 *

MEIbax Unisex Breathable Casual Outdoor Beach Slippers Comfort Anti-Slip Shower Sandals B07D6P2LD9 ParentMEIbax Casual Women Fish Mouth Platform High Heels Sandals Slope Sandals Slippers B07D6NY2YH Parent , LCLrute Women Sandals Stripe Open Toe Beach Anti Skidding Flat Slippers B07D6P9633 Parent , MEIbax Women Fashion Solid Rivets Round Toe Wedges Hook Loop Kitten Heels Sandals B07D6PHR4Q Parent , MEIbax Women Stripe Pearl Platform High Heels Sandals Slope Sandals Slippers B07D6PJSFH Parent , MEIbax Women Stripe Rhinestone Platform High Heels Sandals Buckle Slope Sandals B07D6PMXFV ParentMEIbax Fashion Women Stripe Platform High Heels Sandals Slope Sandals Slippers B07D6PXV6H ParentApache Tatum Womens Ladies Flat Sandals Black - Black - UK Sizes 3-9 B07D6V4M6Y ParentAdeeSu Ladies Bows Round-Toe Metal Buckles Urethane Flats Sandals B07D6V9MDD ParentMEIbax Women Summer Style Fashion Wedges Non-Slip Bohemian Rhinestone Sandals B07D762WZB Parent , MEIbax Women Fashion High Heeled Platform Soft Ladies Wedges Flip Flop Sandals B07D7565HG ParentMashiaoyi Women's Peep-Toe Block-Heel Buckle Metal Sandals B07D768MZV Parent , MEIbax Women Round Toe Non-Slip Platform High Heels Sandals Buckle Sequins Sandals B07D75HJJK Parent , Colorful TM Summer Women Teenage Girls Stripe Platform High Heels Sandals Buckle Slope Sandals B07D76JT3S Parent , Material Girl Womens Haniya Leather Open Toe Casual Platform Sandals B07D769ZDL ParentMEIbax Women Summer Style Fashion Thick-Bottomed Non-Slip Belt-Buckle Flat Slippers B07D76VCY7 Parent , Mashiaoyi Women's Peep-Toe Block-Heel Zip Hollow Sandals B07D76C4DY Parent , MEIbax Women Fashion Bohemia Crystal Thick Bottom Round Toe Sandals Slipper B07D77P9ZV Parent , Mashiaoyi Women's Peep-Toe Flat Zip Rivet Sandals B07D76Q6KP ParentSpot On Ladies Flat Strappy Sandals B07D81JSTR ParentMEIbax Vintage Women Pleated Flat Heel Anti Skidding Pointed Toe Sandals Slipper B07D76W3F1 Parent , Brezeh Womens Summer Sandals,Womens Fashion Platform Roman Sandals Cross Strappy Mid-Heeled Sandals Peep Toe Holiday... B07D8N4H6H ParentFashion Thirsty Heelberry® New Womens Espadrilles Flatform Studded Sandals Low Heel Wedges Platform Size B07D7ZYV8K ParentMEIbax Women Fish Mouth Rhinestone Platform High Heels Sandals Buckle Slope Sandals B07D8P5XKZ ParentMan's/Woman's Sole Layla Sandals Black B07D8M1GZG Parent Good design Used in durability Highly appreciated and widely trusted in and outLolittas Summer Diamante Sandals for Women,Black Beach Flat Platform Strappy Open Toe Jewelled Evening Sandal... B07D8N4YVW Parent , Man's/Woman's Ladies' Stylish Sandals B07D8QCSGQ Parent Clever and practical Let our goods go to the world Diversified new design , Lolittas Ladies Sandals Summer High Block Heel Roman Gladiator Black Strappy Open Toe Evening Sandal Size 2-5 B07D8PHBMZ ParentMEIbax Women Fashion Solid Color Pearl Flat Heel Flat Bottom Sandals Slipper B07D8S7FN1 Parent

Time limit is exhausted. Please reload CAPTCHA.

Tefamore Women Solid Flat Sandals Cross Straps Open 30296 nhta-30297 Toe Buckle Low Heel Sandals����Soft Wedge Rubber Solid Flock Summer... B07CP3BPRF Parent 265055e - salonsevendallas.com