PUMA Women's Suede Blue Classic Glitz B074KLY1ZB Blue Flower/Aquifer/Pearl Classic 8.5 B US B074KLY1ZB Parent 90df657 - 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.”

PUMA Women's Suede Blue Classic Glitz B074KLY1ZB Blue Flower/Aquifer/Pearl Classic 8.5 B US B074KLY1ZB Parent 90df657

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 *

Skechers Womens Go Walk 2 Backswing Go Walk 2 Backswing B074WCP7C8 Parent , ADIDAS Women's Courtvantage Vulcanized Mid Walking Shoes B074WF5VRP Parent , NIKE Women's Flex Contact Running Shoe B074WDPWNQ Parent , Dublin Galtymore Ladies Tall Field Leather Boot - Black B074WK7HKW Parent , Cavallo VARIUS jumping boot - size 5/5.5 H47, W34 B074XH1656 Parent , Nike Womens Air Huarache Run Ultra Fashion Sneakers B074WGNSGC Parent , CLARKS Womens Tri Nia (8.5) B0751T4334 ParentVibram Five Fingers Women's WM KSO Trainer B074WLPXZB ParentBEARPAW Elle Tall Boots- Charcoal - Size 10 B0752PL3MK Parent , Under Armour Women's Ua W Fade RST Golf Shoes, Blue B074ZF55XQ Parent , BEARPAW Elle Tall Boots- Charcoal - Size 8 B0752R4PDC Parent , BEARPAW Elle Tall Boots- Charcoal - Size 6 B0752KQMK3 ParentBEARPAW Tall Boots- Chocolate - Size 10 B0752TFY7H Parent , BEARPAW Tall Boots- Charcoal - Size 9 B0752PXF12 ParentShoes Adidas Adizero ubersonic 3.0 Pharrell Williams Song B0752WRJPP Parent , HOKA One One Mafate Speed 2 Watt B0752T2R2Q Parent , BEARPAW Elle Tall Boots- Charcoal - Size 7 B0752VFC8Q ParentBEARPAW Elle Tall Boots- Chocolate - Size 11 B0752ZH6M3 Parent , BEARPAW Tall Boots- Chocolate - Size 6 B0752WVZPW Parent , BEARPAW Tall Boots- Chocolate - Size 7 B07531WBPQ Parent , Skechers Women’s Go Walk Joy-15611 Wide Sneaker B07537PK1F ParentSkechers Women’s Go Walk Joy-15615 Wide Sneaker B07538GW87 Parent , Donald J Pliner Women's Ginie Platform Sandal, Black B0755BD1WY Parent , Donald J Pliner Women's Ginie Slide Sandal, Black, 11 B(M) US B0755C4Y74 Parent , Dolomite Tofana GTX / Dark Brown B0756L9H2Q ParentDonald J Pliner Women’s Gale Slide Sandal B0756B6HYF Parent , Cavallo leather riding boots LINUS JUMP B0756V8BTZ ParentNIKE Zoom All Out Low Womens Running Shoes B0756NLWCW ParentNike Air Force One SF Special Field AF-1 Cedar , Womens Sneakers B0757PQTWP Parent

Time limit is exhausted. Please reload CAPTCHA.

PUMA Women's Suede Blue Classic Glitz B074KLY1ZB Blue Flower/Aquifer/Pearl Classic 8.5 B US B074KLY1ZB Parent 90df657 - salonsevendallas.com