Under Armour Women's Slouchy Slip Slouchy Sneaker, Black (001)/White, (001)/White, B072LNKC1N 7.5 Parent B072LNKC1N d9e5e80 - 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.”

Under Armour Women's Slouchy Slip Slouchy Sneaker, Black (001)/White, (001)/White, B072LNKC1N 7.5 Parent B072LNKC1N d9e5e80

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 *

CLARKS Women's Wave Grip White Leather 2 10 B US Parent B0762T287C , CLARKS Women's Wave Grip White Leather 2 7.5 B US Parent B0762V6H4S , Sperry Women's Fathom Berry Pink 6.5 M US Parent B01K19EKK0 , CLARKS Women's Wave Grip White Leather 2 7 B US Parent B0762TFBYZSperry Women's Fathom Berry Pink 8 M US Parent B01K19EOVKSperry Women's Fathom Berry Pink 7 M US Parent B01K19EM2QSperry Women's Fathom Berry Pink 9 M US Parent B01K19ESD4Sperry Women's Fathom Berry Pink 8.5 M US Parent B01K19EQB8 , Altra Superior 3.5 Womens Zero Drop Trail Running Shoes Grey/Purple Parent B072Q3H78N , Vans Old Skool Flame Sneakers black-red EU44 Parent B01NBWSIZ0 , DC Women’'s Evan Hi Wnt Low-Top Sneakers Parent B074HT779GLvYuan-ggx Women's Heels Summer Light Soles Fleece Casual Chunky Heel Coffee Black Parent B074CY79R3Keds Women's Chillax Mini Eyelet Mesh Fashion Sneaker Parent B01JLKWLJMAdidas JS FLAMMES I Yellow Black Baby Sneakers Shoes Jeremy Scott Parent B00T667NGS , Teva Women's Winsted Sports and Outdoor Lifestyle Sandal Parent B01MR5SK4ISkechers Women’s Go Step Lite-Redefine Trainers, Navy/Blue Parent B01NAT5Q65XIAOGEGE Summer fashion handmade flower super high heel Lettow female anti slip Korean version thick bottom slope... Parent B07CNX6P7Z , Geox Women’s Breeda 15 Sneaker Parent B074H9LFF8Puma Carson Runner, Unisex Adults’ Running Shoes Parent B015OBUBJERTRY Women'S Sandals Summer Rubber Casual Flat Heel Bowknot Black Us6/Eu36/Uk4/Cn36 Parent B074CWRL77 , Go Sexy Women's Trainers pink pink Parent B0711BZWZSRTRY Women'S Sandals Summer Rubber Casual Flat Heel Bowknot Black Us6.5-7 / Eu37 / Uk4.5-5 / Cn37 Parent B074CWZ1ST , RTRY Women'S Sandals Summer Rubber Casual Flat Heel Bowknot Black Us7.5 / Eu38 / Uk5.5 / Cn38 Parent B074CWW79Y , RTRY Women'S Sandals Summer Rubber Casual Flat Heel Bowknot Black Us8.5 / Eu39 / Uk6.5 / Cn40 Parent B074CX7X7HRTRY Women'S Sandals Summer Rubber Casual Flat Heel Bowknot Black Us8 / Eu39 / Uk6 / Cn39 Parent B074CX498R , Marco Tozzi 2-23730-28 Womens Sneakers Parent B01MZ9Y6UM , New Balance Women’'s 373 Trainers Parent B0784GWNFHRyka Women’s Grafik Cross-Trainer Shoe, Parent, US Parent B01A627CO8Ariat Womens Cruiser Espadrille Cruiser Espadrille Parent B072FR11MT

Time limit is exhausted. Please reload CAPTCHA.

Under Armour Women's Slouchy Slip Slouchy Sneaker, Black (001)/White, (001)/White, B072LNKC1N 7.5 Parent B072LNKC1N d9e5e80 - salonsevendallas.com