British Style Womens Shoes,Leather Flat Heel Shoes Shoes,Women's Womens Leather 30278 Shoes,Rough With Retro Shoes B071V5ZYXL Parent 3ed39b9 -

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 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.”

British Style Womens Shoes,Leather Flat Heel Shoes Shoes,Women's Womens Leather 30278 Shoes,Rough With Retro Shoes B071V5ZYXL Parent 3ed39b9

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 *

Spring, Thick-soled Platform Shoes,Women’s Shoes,High Joker Shoes,Korean-style Flat-sole Thin Shoes B072NZSMN2 Parent , JTENGYAO Couples' 7 Colors USB Charging LED Shoes Nightclub Flashing Sneakers High-top Sport Shoes USB Charging... B072LB6X1Q Parent , TANG DYNASTY(TM) Chinese Traditional Embroidery Minority Style Women Flat Shoes Rubber Sole B072P6RSLM Parent , BOBERCK Kennedy Collection Women Oxford Shoes Leather B072PCKZS7 ParentFinn Comfort Soho 02743 901672 Women's Casual Shoe in Black Nubuck 151 B073H2LSRV ParentBOBERCK Miranda Collection Women's Oxford Leather Shoes B072PC4441 Parent , CAPTIVA FRANCE Brown Red L 27 Court Shoes Size 38 EU RRP £85.00 B073L2LF16 ParentSandals Female Summer Flat Bottom Soft Comfortable Comfortable Non-Slip Pregnant Women Shoes B073JJ6FNV ParentCHNHIRA Unisex's Low-Top Canvas Shoes Plimsolls Boat Shoes Sneakers Trainers Sports Blue 3.5UK B073P56T5V Parent , Flat Skid Anti-Skid Pregnant Women Shu Sandals Shoes B073QQTQTL Parent , Female Shoes Summer Muffled Thick Bottom Retro Belt Buckle Toe Sandals B073QR4B8G ParentBovake Casual Sneakers, Little White Shoes Board Shoes Single Shoes - Fashion Women's Straps Sports Running Sneakers... B07B7HL7WD Parent , Fly London YUPI840FLY Ladies Wedge Graphite B07BBY8Q2K ParentPons quintana Heeled Shoes, Colour Red, Brand, Model Heeled Shoes L502 Red B07B8V8P87 Parent , PITILLOS Heeled Shoes, Colour Black, Brand, Model Heeled Shoes 5059V18 Black B07BFD8HPH ParentTara Ballet Shoes Leather Pumps Pink B07BFGLCJF ParentTamaris - Margot Flatform Patent Shoes, Black B07BH1T7XY Parent , Clarks Tri Coast Textile Shoes in Coral B07BGFYBY6 ParentMen/Women Benavente Women’s 110056 Shoes B07BHQ7J8D Parent New market High-quality materials A balance between toughness and hardness , Ladies Shoes Wide DB Women Shoes Sizzle 2E Width B07BHP5N7Y Parent , ARGENTA Heeled Shoes, Colour Black, Brand, Model Heeled Shoes 50366 Black B07BHWN43M ParentMen's/Women's Benavente Women’s 110054 Shoes B07BHQJCXF Parent Moderate price Won highly appreciated and widely trusted at home and abroad Global sales , Man/Woman Benavente Women’s 110053 Shoes B07BHQKC8X Parent Crazy price, Birmingham a good reputation in the world Caramel, gentle , Gentleman/Lady Wolky Comfort White Bunda B07F48LCNP Parent Best-selling worldwide Optimal price British temperament , Clarks Un Blush Lo Suede Shoes in Black B07F7652L9 ParentYUANYUAN Women Lady Chinese Style Embroidery Linen Comfortable Casual Walking Platform Wedge Dress Party Shoes B07F8SQHWG Parent , Clarks Un Blush Lo Suede Shoes in Dark Grey B07F73BFVD Parent , Tianrui Crown Girl's Peony Embroidery Mary-Jane Shoes Kid's Cute Flat Shoe B07F91ZS5W ParentClarks Nathan Craft Leather Shoes in Tan B07F8Y5H2J Parent ,

Time limit is exhausted. Please reload CAPTCHA.

British Style Womens Shoes,Leather Flat Heel Shoes Shoes,Women's Womens Leather 30278 Shoes,Rough With Retro Shoes B071V5ZYXL Parent 3ed39b9 -