Volcom B073JVXV3S Women’s Happy Volcom Multi Strap Fashion Flat Sandal Sandal B073JVXV3S Parent 762a6e3 - 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.”

Volcom B073JVXV3S Women’s Happy Volcom Multi Strap Fashion Flat Sandal Sandal B073JVXV3S Parent 762a6e3

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 *

Volcom Women’s Trail 6 Chevron T-Strap Synthetic Leather Fashion Flat Sandal B073JT9HRV ParentRock Candy Women’s Blakeley Sandal B07847SPS2 Parent , Fergalicious Women’s Delaney Flat Sandal B076188GZ4 ParentQupid Women’s X-Band Slide Wedge Sandal B076TNZZD7 ParentJessica Simpson Women’s Kellise Flat Sandal B075TGKTWF ParentRock Candy Women’s Bradi Sandal B07849NMY6 ParentMen's/Women's LifeStride Women’s Monaco Sandal B07762T9MK Parent feature Highly praised and appreciated by the consumer audience Perfect processing , Womens Heavenly Soles Mule Sandals Black, 4 B0797Z9L62 Parent , Rock Candy Women’s Blaney-g Sandal B077PCQZYL Parent , Taylor-Unikue Womens Ladies Low Wedge Heel Espadrille Platform Stud Strappy Summer Sandals B07BJMLVRS ParentRoxy Women's Slippy Slide Sport Sandal B0784VQHNV Parent , Unze Women CREYS Ladies Diamante Flower Design Ladies Opulent Style Party Slip on Wedding Sling Back Open Toe... B076PS1Z37 Parent , Gentlemen/Ladies Report Women’s Unity Sandal B07571V7NF Parent Aesthetic appearance Modern design Shopping promotion , Sanuk Women's Yoga Strappy Sandal B072WD5M83 Parent , PDQ David Triple Touch Fastening Sports Sandal Adjustable Heel Straps B003SYCSLO ParentJSport by Jambu Women’s Newbury-Water Ready Fisherman Sandal B074KQTC3T ParentTouch Ups Women’s Isadora Heeled Sandal B0779J3R9Y Parent , Chinese Laundry Women’s Starshine Heeled Sandal B07693QTFC ParentFranco Sarto Women’s Tula Espadrille Wedge Sandal B0771WSKZP Parent , Gentleman/Lady LifeStride Women’s Juno Sandal B07768GL7Y Parent Crazy price Price reduction Tide shoes listBillabong Women’s Tread Lightly Flat Sandal B072Z8BJ9C ParentMadden Girl Women’s Trena Heeled Sandal B0777S7J7Q Parent , Volcom Womens Bowie Road Sandal B01N1TJWSX Parent , Madden Girl Women's Rolloo Heeled Sandal B0779VFFMF Parent , Touch Ups Women’s Gwen Heeled Sandal B0779GSHPT ParentDunlop Eleanor Womens Ladies Flat Sandals Black - Black - UK Sizes 3-8 B07CRRTRGP ParentCarolbar Women's Chic Rhinestones Buckle Sandals B0716QZD5C Parent , Mr/Ms Inuovo 7715, Women’s Ankle B01MYWG9B8 Parent service online shop Preferential priceMIA Women’s Nila Slide Sandal B0785GWSNY Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Volcom B073JVXV3S Women’s Happy Volcom Multi Strap Fashion Flat Sandal Sandal B073JVXV3S Parent 762a6e3 - salonsevendallas.com