Cotton Size Traders clindamy-20139 Womens Flexisole B073RM9ZJF Bow Trim Sandal Flexisole Bow Trim Sandal Size 5 White B073RM9ZJF Parent f4fe511 -

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.”

Cotton Size Traders clindamy-20139 Womens Flexisole B073RM9ZJF Bow Trim Sandal Flexisole Bow Trim Sandal Size 5 White B073RM9ZJF Parent f4fe511

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 *

PLOT❤Snow Boots for Girls Boys Children Warm Flock Anti-Slip Shoes(Toddler/Little Kid) B07H49JLQW Parent , PLOT❤Snow Boots for Girls Boys Children Warm Zip Martin Sneaker Shoes(Toddler/Little Kid) B07H4G1Y2L ParentPLOT❤Mesh Shoes for Girls Boys Sport Running Baby Sneakers(Toddler/Little Kid/Big Kid) B07H4F5R3Z ParentLadies Womens Black Faux Suede Strap Strappy Sandals Block Heel Peep Toes High Heels Shoes 3-8 B00LZOB9T6 ParentMinorquines Women’s Avarca Rock Cuir Negro Open Toe Sandals B075ZT9BC1 ParentWomens Sandals ,Clode® 1 Pair Women's Fashion Sweet Summer Bohemia Sweet Beaded Sandals Clip Toe Sandals Beach... B01FQTHF8E Parent , Womens Sandals,Clode® Fashion Ladies Girls Sweet Peep Toe Flat Gladiator Sandals Summer Beach Shoes B06XD94PT8 Parent , MOTIVE LIFE Men's Summer Massaging Slides,Women's Slide Sandals B07CKGXQXX Parent , Rocket Dog Women's Babydoll Cone Heel Sandals B00Q4L4HL2 Parent , Gentleman/Lady Isotoner Women's Fashion Sandals B071R3185S Parent Complete specification At a lower price Different styles and styles , Siketu Women's Bohemian flat heeled sandals B01EURSLKO ParentWomen's Flash Jelly Bird nest Sandals,Stylish Summer peep Toe Wedges B07B9XQSWZ Parent , Obsel: by Scarpe&Scarpe - Flat Sandals with Fringing and Ankle Strap B079Q7W3TB Parent , Ladies Slip On Diamante Low Wedge Summer Mule Sandals Flexi Sole Size UK 3-8 B07DGKSFVQ ParentLadies Summer Low Heel Multy Strap Diamante Upper Slingback Sandal B07D4GSGTT ParentKick Footwear Womens Ladies Espadrilles Flat Summer Sandals Summer Holiday Shoes B07CTKTPVZ Parent , Womens Ladies Girls Flipflops Summer Swimming Sandals B07F2FGPKL ParentElla Ladies Slingback Flat Menorcan Open Toe Spanish Sandals Rose Gold B0733C42M7 Parent , Bestoppen Women Ladies Fasion Bohemia Flower Beads Peep Toe Flat Sandal Slip On Slipper Shoes Casual Summer Holiday... B078N8F8NZ ParentAldo Yinda, Women’s T-Bar Sandals B01A8GXPXO ParentBRASILERAS Women’s Alem Snake Open Toe Sandals B00ZUSWZCI Parent , Savannah Ladies Flat Buckle Sandals B076ZRDPVC Parent , Wrangler Bella Stripes, Women’s Open Toe Sandals B01M2D8IU0 Parent , YOUJIA Women's Bohemia Breathable Wide Toe Strap Flat Sandals 2-9.5 B01GRO5UT8 Parent , Women Chunky Cleated Platform Sole High Heel Strappy Sandals Size 3-8 B00M8AUNGG ParentLolittas Summer Stiletto Gladiator Sandals Court Shoes for Women Ladies,Embellished Evening Wedding High Heel... B07DV6XFXH ParentConguitos Girls' Sandalias Tiras Sandals B01EFZ63YM ParentPT0 SANDALS GIRLS WOMENS FLAT HEELS 90S JELLY BUCKLE SANDALS FLIP FLOPS SHOES B00SMZMGK2 Parent , Ladies Spot On Low Wedge Sandals B00KFGUL12 Parent

Time limit is exhausted. Please reload CAPTCHA.

Cotton Size Traders clindamy-20139 Womens Flexisole B073RM9ZJF Bow Trim Sandal Flexisole Bow Trim Sandal Size 5 White B073RM9ZJF Parent f4fe511 -