Paul Parent Green Green Women’s 23166 4294401 Trainers Parent B0748P5XZJ 4e97956 - 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.”

Paul Parent Green Green Women’s 23166 4294401 Trainers Parent B0748P5XZJ 4e97956

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 *

Gentleman/Lady Fiorucci Women’s Fdaa004 Trainers Parent B01HB6BSXS Modern and elegant fashion Excellent performance a lot of varietiesMINITOO QJ7048 Ladies 3 Inch Heel Grey Synthetic Latin Salsa Tango Dance Shoes 3 UK Parent B019GZ1JTU , Reebok Women’s Bd5578 Trail Running Shoes Parent B01N6JIPYXadidas Women's NMD_R1 Stlt Pk W Fitness Shoes, Pink, One Size Parent B07G474NSZK-Swiss Women’s Classic 88 Sport Low-Top Sneakers Parent B01K8U6TVASneaky Steve Silvermine Low w Sue Women's Sneakers Pink Parent B076X1V5J9 , Woman Plus Size Crystal Flat Shoes Comfortable Rhinestone Butterfly Loafers Ladies Espadrilles Glitter Soft Parent B07FVVVZTR , Unisex Kids'Hiking Shoes Walking Trekking Lightweight Outdoor Sneakers Kids Walking Waterproof Breathable Boots... Parent B076FWSYX2 , RTRY Women'S Sandals Summer Comfort Pu Outdoor Wedge Heel Sequin Zipper Walking Parent B073R996F8 , Pepe Jeans Women’s Verona W Sequins Trainers, 327-Factory Parent B0787LJD7QMen/Women Converse Women Shoes/Sneakers Ox Parent B01HQP4LK6 Outstanding features the most economical Most practicalEtnies Women’s Scout Yb W's Skate Shoe Parent B074QBYRQMMINITOO Women's New Single Strap Floral Flare Latin Dance Shoes 6.5 M UK Parent B00Z0DEKD0 , fereshte Womens Sport High Heel Run Shoes Parent B01MG7HQUK , MINITOO Women's New Single Strap Floral Flare Latin Dance Shoes 4 M UK Parent B00Z0DEEY0JSHOE Women's Sexy Salsa Jazz Dance Shoes Ballroom Latin Tango Party Dancing Shoes High Heels,BlackHeeled6cm-UK5... Parent B07GBBHWS3 , Men/Women Dublin Universal Jodhpur Boots Parent B0080EFTUE Rich design Strong value Fashion dynamic , MINITOO Women's New Single Strap Floral Flare Latin Dance Shoes 7.5 M UK Parent B00Z0DEP3A , Man's/Woman's Nike Women's Closed Parent B07D2DY1S5 Online Shopping Cheaper than the price Beautiful and charming , Man's/Woman's Kin Women's Trainers Parent B07B5HB35V Durable service Make full use of materials businessPalladium London Lp Mid W, Women’s Hi-Top Trainers Parent B075FDW83Q , Dublin Yardmaster Tall Touch Tape Boots - Black Parent B00DQ95R6OConverse Women’s CTAS Barely Rose/Tan/White Hi-Top Trainers, Beige (Barely Rose/Tan/White 653) Parent B075TG9FSD , Gentleman/Lady Stuppy Women’s Low-Top Parent B07CN752SJ Special price Cheaper than the price Very good classificationHogan Women's HXW00N05641FF8B001 White Leather Sneakers Parent B0799LG4ZYMerrell Women Bare Access Flex Fitness Shoes Parent B01MSAI8PH , Lacoste Women’s Carnaby Evo 417 1 SPW Lt Low-Top Sneakers Parent B0748P5VW5 , Man's/Woman's Converse Unisex Adults’ Sneakers Parent B01BQYAXR8 Complete specification Order welcome a lot of varietiesNine West Women’s Valley Fabric Walking Shoe Parent B019RLNHZ2 ,

Time limit is exhausted. Please reload CAPTCHA.

Paul Parent Green Green Women’s 23166 4294401 Trainers Parent B0748P5XZJ 4e97956 - salonsevendallas.com