Laruise Women's Leather Flatform Women's slippers 23398 B01J19QJU0 Parent Parent d61cc61 - 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.”

Laruise Women's Leather Flatform Women's slippers 23398 B01J19QJU0 Parent Parent d61cc61

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 *

XOXO Women's Elroy Dress Sandal B01M0E32M7 ParentMagrit Met Green Sling Back Sandal B01KTWIPYQ ParentFree People Womens Marigold Open Toe Casual Ankle Strap Sandals B01LZV6VNX Parent , Miz Mooz Women’s TAFT Sandal B01KU6ELNK ParentVionic Womens 382 Laurie Leather Sandals B01KUWX5FO Parent , Gentleman/Lady Ryka Women’s Natalia Sandal B01KWH632E Parent fashion New products in 2018 Valuable boutique , CLARKS Ralene Sheen Womens Heeled Sandals Dark Tan Suede 6.5 B01KYF0CT4 Parent , Clarks Ralene Sheen Womens Heeled Sandals Black Suede 9 B01KYEZOO8 Parent , Magrit Cerise Strappy Peep Toe Diamond Trim B01KTWILDQ ParentCLARKS Ralene Sheen Womens Heeled Sandals Dark Tan Suede 7.5 B01KYF0IMA ParentCLARKS Ralene Sheen Womens Heeled Sandals Black Suede 8.5 B01KYEZLPA ParentCLARKS Ralene Sheen Womens Heeled Sandals Dark Tan Suede 8 B01KYF0L1S ParentAIWEIYi Womens Gladiator High Heel Sandals Ladies Over Knee High Back Zip Bowknot Summer Boots B01LZR2MBN Parent , Onex Women's, Sassie Mid Heel Sandals B01LZHP10T ParentMagrit Metallic Pink Sling Back Strappy Sandal B01KTWJ9P0 ParentDr. Scholl's Women's Meaning Wedge Sandal B01LZJG5M2 ParentFergalicious Women's Hunter Wedge Sandal B01KMQV8BQ ParentSkechers Rumblers Risk Taker, Women's Wedge Sandal, Navy, 2.5 UK (5.5 US) (EU35.5) B01LZSMVAV ParentCLARKS Ralene Sheen Womens Heeled Sandals Dark Tan Suede 8.5 B01KYF0NVG ParentSkechers Rumblers Risk Taker, Women's Wedge Sandal, Black, 3.5 UK (6.5 US) (EU36.5) B01M049DO6 Parent , Blowfish Women's Drum Flat Sandal, Brown B01KL9473K ParentSuave Women's Sandal 'Fiona' | Wide E Fit | Comfortable & Casual | Leather Construction B01M09QZ43 ParentGUESS Women's Najya Heeled Sandal B01M0XZLCJ Parent , FORT FORTE Women's Fashion Sandals cuoio/blu B01M1HIS4I ParentMan's/Woman's Steve Madden Womens Dairr B01M15DSZK Parent Quality queen Excellent performance Brand feastSam Edelman Women’s Kammie-2 Heeled Sandal B01M0YNP22 ParentSkechers Cali Women's Rumblers Silky Smooth Wedge Sandal, Taupe, 6.5 M US B01M15XZWK ParentAppr. 7" stiletto heel ankle strap women sandals black patent sexy fetish sandals B01M062GR1 ParentMr/Ms Tamaris 1-28383-38 Womens Sandals B01M20WETA Parent Modern and elegant fashion New design Good quality ,

Time limit is exhausted. Please reload CAPTCHA.

Laruise Women's Leather Flatform Women's slippers 23398 B01J19QJU0 Parent Parent d61cc61 - salonsevendallas.com