Tamaris Ankle Women’s 25016 Ankle Boots, Black, 19552 5 UK Boots, B01FXA2MYI Parent 669a53e - 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.”

Tamaris Ankle Women’s 25016 Ankle Boots, Black, 19552 5 UK Boots, B01FXA2MYI Parent 669a53e

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 *

2 Lips Too Women's Too Lenny Ankle Bootie B01I0IEMOI Parent2 Lips Too Women’s Too Lash Ankle Bootie, Black B01I0IE4IM Parent2 Lips Too Women's Listed Boot B01I0IFB66 Parent , 2 Lips Too Women's Too Stella Ankle Bootie B01I0IFS28 Parent2 Lips Too Women's Too Scamp Ankle Bootie B01I0IGJ9Y Parent , ara Women Boots TOL-ST 12-23408-70 graphite gray, Gr. 37-41, leather, width G B01I0L1Q4Y Parent , Dolce by Mojo Moxy Women's Bronco Western Boot B01I11B40E Parent , Gentleman/Lady Kefas Women's Boots B01I1UT8G2 Parent economic First grade in its class British temperamentKEFAS Woman Winter Snow Boot 3224 AURIL B01I1UTKTC ParentTamaris 1-25565-27 Womens Boots Leather B01I2WZUW0 Parent , Ivanka Trump Women's Thelma Ankle Bootie B01I3HYYK8 Parent , Gentlemen/Ladies Mjus Women’s Chelsea Boots B01I3XW98G Parent Long-term reputation Primary quality Caramel, gentle , Man's/Woman's TMA Women’s Bootees B01I5FGAOQ Parent High quality and low overhead First grade in its class Don't worry when shopping , Clarks Women's Kendra Porter Chelsea Boot,Aubergine Suede,US 9 M B01I5JOVB6 ParentClarks Women's Kendra Porter Chelsea Boot,Aubergine Suede,US 8.5 M B01I5JOVVG Parent , Gentleman/Lady Laruise Women's High-Heeled Boots B01I9E5HFQ Parent the most convenient New design cheaper , Gentleman/Lady Laruise Women's Elevator Boots B01I9E89U6 Parent Good world reputation the most economical Current shape , KangaROOS Women’s Riveter W I Desert Boots B01IB4FGF0 ParentLaruise Women's Rough Heels Knee High Boots B01IBW794I Parent , Laruise Women's Splice Short Boot B01IBW7DEY ParentLaruise Women's Matting High Boots B01IBW7E70 Parent , Laruise Women's Leather Casual Boot B01IBW7G2I Parent , Laruise Women's Leather Autumn Increased Short Boot B01IBW7JZW Parent , Laruise Women's Frosted High-top Boot B01IBW7VLE Parent , Laruise Women's Leather British Rough Heel Boot B01IBW7X58 Parent , Laruise Women's Knee High Boots B01IBW8IVQ Parent , Womens Hunter Original Tall Wave Textured Wellington Winter Snow Boots B01IC51LYS ParentNot Rated Women's on Fleek Ankle Bootie B01IC99MK4 ParentNot Rated Women's Devlin Boot B01ICYJIBM Parent

Time limit is exhausted. Please reload CAPTCHA.

Tamaris Ankle Women’s 25016 Ankle Boots, Black, 19552 5 UK Boots, B01FXA2MYI Parent 669a53e - salonsevendallas.com