Smilice Women Large Ankl Boots With Hollowed-Out With Size and Nubuck Materail Women Boots With Large Size B076JFHT7K Parent 790b380 -

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.”

Smilice Women Large Ankl Boots With Hollowed-Out With Size and Nubuck Materail Women Boots With Large Size B076JFHT7K Parent 790b380

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 *

SJJH Women Over-The-Knee Boots with Mid Chunky Heel and Long Boots for All Parties B076PC47VW Parent , VECJUNIA Ladies Elastic Artificial Suede Boots Waterproof Platform Hidden Height Increasing Middle Long Boots B0773KR8ZB ParentVECJUNIA Ladies Elastic Artificial Suede Boots Side Zip Elegant Block Heel Over the Knee Long Boots B0773N6BQC Parent , SJJH Women Over-The-Knee Boots with High Chunky Heel and Pointed Toe Slip-On Boots with Large B076PCK3M2 ParentAnimal Wellington Boots Safara Welling. B0777T1BQ7 Parent , Aisun Women's Comfy Zip Up Round Toe Short Booties B076PCL4PQ ParentSJJH Martin Boots with Chunky Heel and Patent Leather All Match Ankle Boots for Fashion Women B0773LDW7X Parent , Aisun Women's Trendy Pointy Toe Faux Suede Zip Up Ankle Booties B076PCP7FT Parent , TAOFFEN Women's Warm Lining Boots B0777R2GSK Parent , Smilice Women Above-The-Knee Boots With Kitten Heel and Pointed Toe Sexy Boots With Patent Leather B076PD53QG ParentSJJH Over-The-Knee Boots with High Chunky Heel and Mixed Color Long Boots with Large Size and Black/White Available B0778WD874 Parent , Frestepvie Women's Ankle Boots Autumn Winter Warm Fur Lined Fashion Hidden Heel Ladies Biker Boots B0778GZCL2 Parent , Doris Women's UP Leather Fashion Boots Rivet Thick With Pointed Toe Side Zip High Heels Ankle Boots B076PKBFSG Parent , VECJUNIA Ladies Hidden Height Increasing Middle Boot Slip-on Environment-friendly Elastic Artificial Suede Martin... B07787F4TN Parent , Zanpa Women Winter Shoes Modern Party Ankle Boots Zipper B076PKTTV3 Parent , Man's/Woman's COOLCEPT Women Boots Slip-on B0778TGVTV Parent elegant Good market Non-slip , Aisun Women's Sweet Frosted Pointed Toe Tassels Ankle Booties B076QBKGC8 ParentVECJUNIA Ladies Slip-on Elastic Artificial Suede Boots Elegant Height Increasing Over The Knee Boot B07787YDZB Parent , DecoStain Women's Fringe Thick High Heel Ankle High Boots B076QBKHZS ParentKrush Fashion Black Casual Pull On Grip Biker Womens Ankle Boots T783 UK 3-8 B0778HMZ68 Parent , DecoStain Women's Fringe Increased Internal Mid Calf Boots B076QBPBQ1 Parent , SJJH Women Ankle Boots with Thin Heel and Pointed Toe B076QBXMMX Parent , SJJH Women Ankle Boots with Beautiful Flowers Decorated Working Boots with Kitten Heel and Pointed Toe B076QBZZPK Parent , SJJH Women Ankle Boots with Chunky Heel and Women Boots with Large B076QC4ZWR ParentTAOFFEN Women Winter Warm Low Heel Mid Calf Soft Snow Boots Pull On B076QC6N5H ParentTAOFFEN Women Winter Flat Space Cotton Snow Boots half Warm Boots B076QC7TXT Parent , TAOFFEN Women Winter Warm Low Wedges Heel Mid Calf Snow Boots B076QCFG6M Parent , SJJH Women Martin Ankle Boots with Tassels and Flat Casual Boots with Large B076QCJTB6 ParentPieces Low Black Boots with Metal Detail PSPETTA B076QCNJG5 Parent

Time limit is exhausted. Please reload CAPTCHA.

Smilice Women Large Ankl Boots With Hollowed-Out With Size and Nubuck Materail Women Boots With Large Size B076JFHT7K Parent 790b380 -