Man 22442/Woman VIA 51 Women's Boots design B075X1785Z Parent Man/Woman Beautiful design online shop International big name d9c8980 - 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.”

Man 22442/Woman VIA 51 Women's Boots design B075X1785Z Parent Man/Woman Beautiful design online shop International big name d9c8980

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 *

Europe Office fashion strap high heel ladies boots B0761XBQ8K ParentWomen's European Leather Pointed Splicing Pump Ankle Boots Black (small one yards) B0761XDP2V Parent , Women's Europe And The Rivets Black Flat Bottom Manual Boot B0761XBWQ6 ParentWomen's Leisure Leather Comfortable Flat Ankle Boots Black Leopard B0761XGMG4 ParentWomen's Winter England Velvet Pure Hand Ankle Boots Black Blue Green B0761XC6WP Parent , Vintage locomotive in Europe and tube Office fashion women's boots B0761XJ616 ParentL@YC Women's Boots Spring / autumn / Winter Fashion Boots / Combat Boots and Evening / artificial Leather Party B076BQFKY7 ParentBorn Womens Chaval Closed Toe Ankle Fashion Boots B076BQX1JY Parent , Europe and the metal buckle rhinestone high heel thick waterproof side zipper with Ms Martin boots B0761XJ5YY Parent , L@YC Women Boots PU autumn Winter Comfortable Cross Straps Metal ankle Boots With Thick Black Boots B076BR32F7 ParentWomen 's Winter Suede Waterproof Manual Pump Ankle Boots Black B0761XR3B8 ParentL@YC Women'S Boots Black Waterproof Platform High-Heeled Boots Large Size Round ankle Boots B076BQPGNG ParentWomen's Western Leather Open Work Zipper Hand Pump Cool Boots Black B0761XK4DR ParentDaniel Sleeper Black Leather Vent Knee High Boots B076BRDWPS ParentWomen's England Winter Leather Rivet Added Velvet Hand Ankle Boots Black Red B0761XQ234 Parent , INC International Concepts Womens Delisa Almond Toe Over Knee Fashion Boots B076BR57R6 Parent , Jessica Simpson Womens Coriee Fabric Closed Toe Over Knee Fashion Boots B0761XP2ZY Parent , Man/Woman Born Abernath Tasseled Booties B076BRNRH3 Parent Packaging diversity Beautiful appearance Outstanding styleVintage Colour Matching Suede Women's Fish-mouth Handmade Fashion Boots B0761YWCRH Parent , DKNY Womens Marsha Rubber Closed Toe Mid-Calf Cold Weather Boots B076BSPP72 ParentWomen's Leather Pointy Metal Button Rivet Hand Ankle Boots Black Red Leopard B0761YWCR9 ParentMen's/Women's Jana Women's 8-8-26213-29/361-361 Boots B076BS3X4Q Parent Reputation first Comfortable touch best seller , Frau FX 53P2 Bordeaux Women's Boots Boots Boots Beatles Comfort Skin B07626BB3Z Parent , Alfani Womens Ayaa Leather Closed Toe Ankle Fashion Boots B076BT5PVM ParentDKNY Womens Corrie Ankle Fabric Almond Toe Ankle Fashion Boots B076BXY27T ParentMundart Women's Boots Green Green B07621XYJJ Parent , DKNY Womens talie Leather Closed Toe Ankle Fashion Boots B076BT685M Parent , Janet Sport Women's Boots grey grey B07628B7SH Parent , Bandolino Women's Lamariw Fashion Boot B076C415WV Parent

Time limit is exhausted. Please reload CAPTCHA.

Man 22442/Woman VIA 51 Women's Boots design B075X1785Z Parent Man/Woman Beautiful design online shop International big name d9c8980 - salonsevendallas.com