AgooLar Women's Women's Solid PU Kitten-Heels Buckle Round-Toe Kitten-Heels Parent Pumps-Shoes B079MH1XSL Parent c0a3914 - 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.”

AgooLar Women's Women's Solid PU Kitten-Heels Buckle Round-Toe Kitten-Heels Parent Pumps-Shoes B079MH1XSL Parent c0a3914

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 *

Easemax Women's Elegant Faux Suede Pointy Toe Stiletto High Heeled Slip On Low Cut Court Shoes B07B146856 Parent , Easemax Women's Dressy Stiletto High Heeled Faux Suede Pointed Toe Slip On Low Cut Court Shoes B07B13VF5V ParentEasemax Women's Elegant Faux Suede Buckle Pointed Toe High Stiletto Heeled Low Top Court Shoes B07B146MFN Parent , JOJONUNU Women Block Heel Pumps Shoes B07B49JDHT ParentTAOFFEN Women's Low Heel Mary Jane Shoes Flower B07B49LF4T ParentTAOFFEN Women's Slip On Flat Shoes B07B49LW9F Parent , Easemax Women's Elegant Pointy Toe Slip On Low Top Stiletto High Heels Low Cut Court Shoes B07B4B9M9N Parent , JIEEME Ladies Fashion Stiletto Women Pumps Gold Silver High Heels Party Women Court Shoes B07B4H1WT9 ParentJIEEME Ladies Sexy Stiletto Women Pumps Back Pink High Heels Party Women Court Shoes B07B4HF9LM ParentJIEEME Ladies Sexy Block Heels Women Pumps Black Red High Heels Women Court Shoes B07B4KWWWK ParentTAOFFEN Women's Slip On Court Shoes Block Heel B07B4W7JK4 ParentTAOFFEN Women's Spring Summer Low Heel Shoes B07B4WJG2L Parent , TAOFFEN Women's Flat Ballet Shoes B07B4WQHXX Parent , RAZAMAZA Women Comfort Wedge Heels Pumps Shoes B07B4X4MR2 Parent , RAZAMAZA Women Closed Toe Mules Heels B07B4X5YCH Parent , Easemax Women's Sexy Low Top Pointy Toe Stiletto High Heeled Slip On Low Cut Faux Suede Court Shoes B07B4X9CRH Parent , Coolcept Women Slip On Sneakers Platform B07B4YBGG8 Parent , Coolcept Women Low Heel Court Shoes B07B4YN6J9 ParentAisun Women's Sexy Pointy Toe Rivet High Stiletto Heels Pumps Shoes B07B4ZVYQV Parent , Coolcept Women Elegant High Heel Court Shoes B07B4YZMMS ParentCoolcept Women Fashion Stiletto Mules Pumps B07B531LZV Parent , Aisun Women's Graceful Slip On Faux Suede Court Shoes B07B4ZYLLP ParentOdomolor Women's Imitated Suede Solid Pull On Pointed Closed Toe Kitten Heels Pumps-Shoes B07B63Y2WQ Parent , Odomolor Women's Mixed Material Spikes Stilettos Pointed Closed Toe Pull on Pumps-Shoes B07B62TWF2 ParentOdomolor Women's Buckle Kitten Heels PU Solid Round Closed Toe Pumps-Shoes B07B64DCVZ ParentOdomolor Women's Soft Material Buckle Round Closed Toe Kitten Heels Solid Pumps-Shoes B07B6424B4 ParentOdomolor Women's Pull on Low Heels PU Solid Pointed Closed Toe Pumps-Shoes B07B6547D6 ParentOdomolor Women's Pull on Pointed Closed Toe Spikes Stilettos Imitated Suede Solid Pumps-Shoes B07B64LYGH ParentOdomolor Women's Solid PU High-Heels Round Closed Toe Pull-on Pumps-Shoes B07B65KVT1 Parent ,

Time limit is exhausted. Please reload CAPTCHA.

AgooLar Women's Women's Solid PU Kitten-Heels Buckle Round-Toe Kitten-Heels Parent Pumps-Shoes B079MH1XSL Parent c0a3914 - salonsevendallas.com