TuffRider Women's Baroque Field Women's 65 Short Boots, Black, 65 Short Regular B008OLSAE0 Parent 25a4fe5 - 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.”

TuffRider Women's Baroque Field Women's 65 Short Boots, Black, 65 Short Regular B008OLSAE0 Parent 25a4fe5

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 *

Lady Linosa Identity Dark Brown B0098QQIM6 ParentTuffRider Women's Baroque Field Short Boots, Black, 10 Slim B00993ORP8 ParentTuffRider Women's Baroque Field Short Boots, Black, 95 Regular B00993ORD0 Parent , TuffRider Women's Baroque Field Short Boots, Black, 85 Slim B00993ORVM ParentTuffRider Women's Baroque Field Short Boots, Black, 95 Slim B00993OSP2 Parent , TuffRider Women's Baroque Field Short Boots, Black, 10 Wide B00993OT0Q Parent , TuffRider Women's Baroque Field Short Boots, Black, 6 Wide B00993OTD8 ParentTuffRider Women's Baroque Field Short Boots, Black, 85 Wide B00993OVLI Parent , TuffRider Women's Baroque Field Short Boots, Black, 95 Wide B00993OX0C Parent , Lady Lunarglide+ 3 Running Shoes B009B1PGTY Parent , Dual Fusion Run Running Shoes B009C91GHG Parent , Nike Women's Air Max Torch 4 Black/Metallic Silver Running Shoe 6 Women US B009D3HPJO ParentReebok Women's bema Eurocasual Work Shoes Composite Toe Black 11 D(M) US B009DZX8L6 Parent , Reebok Women's bema Eurocasual Work Shoes Composite Toe Black 10.5 D(M) US B009DZX8Y8 ParentNike Womens Zoom All Out Flyknit Running Shoes (9.5 B(M) US, Grey/ Black) B009G5RX3M ParentNike Women's Lunar Apparent Running Shoe Black/Anthracite-Dark Grey 7 B009G7IV3Q ParentNike Mercurialx Proximo II DF IC Yellow – 9.5 B009IXSNZO ParentReebok Duty Rapid Response Rb8990 8" Tactical Boot B009L51536 ParentNIKE Women’s WMNS Metcon Dsx Flyknit 2 Fitness Shoes, Blue, Yellow B009KW0LSA ParentReebok RB864 Women Rapid Response RB Composite Toe Stealth 6" Boot B009L55JMO ParentReebok Rapid Response Rb Rb8894 Safety Boot B009L534YO ParentReebok Womens Sage Green Suede Tactical Boots Rapid Response RB Comp Toe 7.5 W B009L5R076 ParentReebok Duty RB874 Rapid Response RB Womens Black Stealth 8" EH Comp Toe Side Zip Boots B009L5SOLC ParentReebok Work Women's Tyak RB438,Tan,US 5 M B009L5T9IO ParentReebok Work Women's Rapid Response RB RB874,Black,US 9.5 W B009L5SRNC Parent , Via Spiga Cynna Womens Green Leather Thongs Sandals Shoes New/Display UK 5 B009NHB15O Parent , Nike Women’s 844888-001 Fitness Shoes B009N933I0 Parent , NIKE Jordan 2012 Lite 601 (81), Size 44,5 B009VKT8LM Parent , Adidas Womens F30 TRX FG W Lea Leather (White/Pink) Soccer Cleats Shoes B009T7YD9Y Parent

Time limit is exhausted. Please reload CAPTCHA.

TuffRider Women's Baroque Field Women's 65 Short Boots, Black, 65 Short Regular B008OLSAE0 Parent 25a4fe5 - salonsevendallas.com