Asics (T6G8N) Gel-Zaraca 5 Women's Running gamesworld-28136 Shoes (T6G8N) Parent B01LX5XBYD Parent c06be39 - 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.”

Asics (T6G8N) Gel-Zaraca 5 Women's Running gamesworld-28136 Shoes (T6G8N) Parent B01LX5XBYD Parent c06be39

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 *

Inov8 Trailtalon 235 Women's Trail Running Shoes - SS18 B073VRBSZ4 Parent , adidas Fabela Rise Women's Hockey Shoes - AW18 B07FM8N391 ParentBrooks Women’s Mach 18 Running Shoes B017O3B31K ParentBrooks Women’s Aduro 5 Running Shoes B07233K6ZT Parent , Salomon Women’s Ellipse 2 Aero W Low Rise Hiking Shoes B06X3QJP55 Parent , NIKE Women’s Md Runner 2 Derbys B00PZ8ZWZK ParentAsics Women’s Gel-Sonoma 3 Running Shoes, Grey B07FN9BK1K Parent , Inov8 Road Claw 275 V2 Women's Running Shoes - SS18 B01N6EAZ4H Parent , Asics Women’s Gel-Excite 5 Running Shoes B0711MYXZN Parent , Vibram FiveFingers Women’s Vi-b Fitness Shoes B01M0LMPUF ParentAsics Gel-Blackheath 7 Women's Hockey Shoes - AW18 B07DFBQ5MT Parent , Asics Women’s Gel-Sonoma 3 G-Tx Running Shoes B01M26MRR3 Parent , Asics Women’s Gt-1000 5 Running Shoes B01N446SEI Parent , So Danca Women’s Ch98 Character Shoes B0146RJRDS Parentadidas Women’s Superstar W Gymnastics Shoes B07D6YFZSJ Parentadidas Women’s Supernova Sequence Running Shoes, Pink, 14.5 UK B01GET2RPG ParentVionic Kona, Women’s Fitness Shoes B00PSFW1Q8 Parent , Under Armour Women’s Ua W Lightning 2 Training Shoes B0716QR1D9 Parent , Mizuno Women’s Wave Equate 2 WOS Running Shoes, Black B078HHYVDK Parent , Shimano Women's Me200w SPD MTB Cycling Shoe B0765CC185 ParentNew Balance Women’s 670v5 Fitness Shoes B01N66HZP3 Parent , Asics Women’s Gt-1000 7 Running Shoes B07CZHCTBS ParentMerrell Women’s Avian Light 2 Vent Waterproof Low Rise Hiking Boots B072Q8HH4V Parent , Merrell Women’s Siren Traveller Q2 LTR Low Rise Hiking Boots B07D5PXG22 Parent , New Balance Women Nitrel Running Shoes B01MY1Y7OP Parent , Vionic Women’s Miles Fitness Shoes B01MS28OBE ParentSalomon Women’s Speedcross Vario 2 Trail Running Shoes B075DLCQH1 ParentSkechers Women’s Flex Appeal 2.0 Tropical Bree Multisport Outdoor Shoes B01LNMV192 ParentMerrell Women’s Agility Synthesis Flex Trail Running Shoes B078NG6LCL Parent

Time limit is exhausted. Please reload CAPTCHA.

Asics (T6G8N) Gel-Zaraca 5 Women's Running gamesworld-28136 Shoes (T6G8N) Parent B01LX5XBYD Parent c06be39 - salonsevendallas.com