PUMA Women's Prodigy WN's 9 Sneaker, Black-Metallic Black-Metallic M Gold, 9 M US Parent B077ST1YQ9 2034a20 - 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.”

PUMA Women's Prodigy WN's 9 Sneaker, Black-Metallic Black-Metallic M Gold, 9 M US Parent B077ST1YQ9 2034a20

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 *

KJLJ-WOMENS Women's Pink Floyd High Top Canvas Shoes Pink Floyd Canvas Shoes for Women Parent B076HL2P4V , Miyoopark Ladies Handmade Suede Latin Tango Ballroom Shoes Wedding Evening Sandals Parent B06Y3KCY21 , SWDZM Women's Dance Shoes/Standard Modern/Satin/Ballroom Latin Model-TY-B57 Parent B072QCRN81Hogan Women's HXW2830T548JD81805 Gold Leather Sneakers Parent B07HGGX4KNConverse All Star Hi Leather, Unisex Adults’ High Trainers Parent B01JA9LLSQ , adidas Stan Smith W Women's Shoes, Women, STAN SMITH W, copper, 36,0 Parent B0796S764H , LifeStride Women’s Delilah Equestrian Boot Parent B075FVW5JW , TuffRider Women's Starter Front Zip Paddock Boots Parent B003558UFEVespa Trevi, Unisex Adults’ Low Trainers Parent B06XZZCV45 , SYW New lady Korean version sports shoes casual sports shoes fitness running sports shoes. Parent B07H1LYJ3SNIKE Women’s Flex Bijoux Fitness Shoes Parent B074GY4KQNKPHY Women'S Shoes/Square Shoes Rough Heels Retro Grandma'S Shoes Flat Peas Shoes.Thirty-Seven Apricot Color Parent B07G4C6CPRKPHY Women'S Shoes/Square Shoes Rough Heels Retro Grandma'S Shoes Flat Peas Shoes.Thirty-Six Apricot Color Parent B07G4D262H , KPHY Women'S Shoes/Square Shoes Rough Heels Retro Grandma'S Shoes Flat Peas Shoes.Thirty-Five Apricot Color Parent B07G4D7KTXMiyoopark Ladies Comfortable Low Heel Satin Latin Dance Sandals Wedding Shoes MY-L124 Parent B01H9W9PDYKPHY Women'S Shoes/Square Shoes Rough Heels Retro Grandma'S Shoes Flat Peas Shoes.Thirty-Nine Apricot Color Parent B07G4KVDJN , NIKE Women’s Air Max Thea Low-Top Sneakers Parent B00XZ3YBR2Crime London Women's 25203KS126 Silver Leather Sneakers Parent B07CW4HVLNMephisto Nona, Women’s Low-Top Sneakers Parent B01N012P4DBensimon Women’s Ballerines Ouvertes Open Toe Ballet Flats Parent B078TZK7QY , Skechers Women’s 23041 Trainers, Grey Parent B00KW5UPNK , Clarks - Womens Cheyn Marie Shoe, Size: 9.5 C/D US, Color: Grey Parent B072JLSFFPBloch Women's Evolution Dance Sneaker Parent B0041IXNQA , Geval Women's Mesh Breathable Outdoor Sports Water Shoes Parent B072HK29D6 , Butterfly Twists Women's Madison Fashion Sneaker Parent B01J632N6A , Pantofola d'Oro Track Low, Women’s Low-Top Sneakers Parent B015SLGAIGBeco Badeschuh Unisex Adult Surf Shoes Parent B00C1LSIR8Geox D Eleni a, Women's Wedge Sneakers Parent B01MF5YPKRVans Classic Slip-on Plus, Unisex Adults’ Low-Top Sneakers Parent B017JQ2YTM ,

Time limit is exhausted. Please reload CAPTCHA.

PUMA Women's Prodigy WN's 9 Sneaker, Black-Metallic Black-Metallic M Gold, 9 M US Parent B077ST1YQ9 2034a20 - salonsevendallas.com