Funtasma EXOTICA-2020 - Halloween costume shoes nhta-30283 Funtasma carnival, US-Damen:EU-40 30284/41/ US-10/ UK-7 B00A48FSSM Parent 22c8d3b -

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.”

Funtasma EXOTICA-2020 - Halloween costume shoes nhta-30283 Funtasma carnival, US-Damen:EU-40 30284/41/ US-10/ UK-7 B00A48FSSM Parent 22c8d3b

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 *

Blowfish Rabbit Women Round Toe Canvas Gray Boot B00BFYQS5Q Parent , Steve Madden Women's Barney Bootie B00BGEVBH0 Parent , Ellie Shoes PLGOGO300W-7 Womens Wide Width And Calf Gogo Boot SIZE 7 B00BLMSOXG Parent , Bella Vita Candice II Women W Synthetic Knee High Boot B00BTPRG4S ParentDunlop C662933 Purofort Thermo + Full Safety Wellington/Womens Boots/Safety Wellingtons B00BU3XOH2 ParentSkechers Women's Keepsakes-Animal Knit Snow Boot B00BUNZDXA Parent , Dunlop C762933 Purofort+ Full Safety Standard Wellington Boxed / Womens Safety Boots B00BYKA4AQ ParentMagnum Panther 8inch Side Zip (55627)/Womens Boots B00BYL6J4A Parent , Romika Spike L 118, Women’s Boots B00CAL8VSA ParentGentleman/Lady Jenny Genf-st, Women’s Boots B00CBS4IHA Parent Excellent craft Strong value Cheap orderGentlemen/Ladies ara Graz-st, Women’s Boots B00CBSLA4E Parent Diverse new design Various types and styles Suitable for color , Man's/Woman's BCBGeneration Women's BG-Luca Boot B00CC9VFBA Parent High-quality Quality and quantity guaranteed Speed ​​refund , Man/Woman Manitu Women’s 960811 Boots B00CEHWU3M Parent Charming design Carefully selected materials VariousComfortabel 990639, Women’s Ankle Boots B00CEI1PWI ParentVolcom Women's Chick Flick Mid Calf Boot B00CF4NE34 Parent , Jana Murray-b-1k-1 8-8-25322-21, Women’s Boots B00CG0HJWY Parent , Buffalo Es 30237, Women's Boots B00CHJTSSC Parent , ILSE JACOBSEN 3/4 Gummistiefel Boots Womens B00CHKPPK6 ParentWomen's Wide Width Calf Gogo Boots B00CHMBRGA Parent , Guess Sandalo Tacco Alto - 36 B00CI7MC5O Parent , Guess Sandalo Tacco Alto - 39 B00CI7MDQM ParentHush Puppies Women's Kindle Hiker_fc Fur Trimmed Boots size UK 4 / EUR 37 B00CICEPF4 Parent , Man's/Woman's Gabor Womens Rayce Boots B00CIW0TQI Parent Elegant shape stable quality Don't worry when shopping , Man's/Woman's Horror-Shop Skeletal Boots B00CJOQJ14 Parent Clever and practical Make full use of materials Seasonal hot sale , Buffalo Women 147961 Cold lined classic boots short length B00CL8YPRS Parent , Horror-Shop Skeletal Boots UK 8 US 10 B00CJOQJGY ParentMerrell Daria Mid Waterproof, Women’s Hiking Boots B00CM3NP8W Parent , Man's/Woman's Pieces Iza, Women’s Boots B00CLNJ04G Parent We have won praise from our customers. In short supply wonderfulCaprice Saddie-b-1-1 9-9-25317-21 359, Women’s Boots B00CM5MKM2 Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Funtasma EXOTICA-2020 - Halloween costume shoes nhta-30283 Funtasma carnival, US-Damen:EU-40 30284/41/ US-10/ UK-7 B00A48FSSM Parent 22c8d3b -