TAOFFEN Women Comfort Heel Tassel Boots Hidden Heel Tassel Women B07G387CWS Parent 05ee579 - 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.”

TAOFFEN Women Comfort Heel Tassel Boots Hidden Heel Tassel Women B07G387CWS Parent 05ee579

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 *

CHICMARK Women Ankle Boots with Low Heel and Roman Boots with Cute Tassels B07G71ZF8N ParentCHICMARK Women Ankle Boots with Thin Heel and Pointed Toe Party Boots with 3-Colors and Plus B07G72BR5J Parent , CHICMARK Women Ankle Boots with 4-Colors All Match Roman Bootie with Large B07G728HW8 ParentCHICMARK Fashion Ankle Boots with High Block Heel and Pointed Toe with Small/Plus B07G72D88N Parent , CHICMARK Women Casual Ankle Boots with Mid Chunky Heel and Large Size Avaialble B07G72D88M Parent , CHICMARK Women Ankle Bootie with Mid Chunky Heel and 4-Colors Working Boots with Large B07G72D896 ParentCHICMARK Old-School Ankle Boots with Low Chunky Heel and Pointed Toe Women Leisure Boots B07G72G1NY ParentCuteFlats Women Knee High Pointed Toe Boots B07G72G5YM ParentCHICMARK Women Ankle Boots with Low Chunky Heel and Round Toe B07G72HQC9 ParentCuteFlats Women Ankle Chain Boots B07G72XNLH Parent , CHICMARK Women Ankle Boots with Thin Heel and Pointed Toe Leopard Printed Boots with Small/Large B07G72PQ7Q Parent , CuteFlats Women Ankle Tassel Boots B07G73HH4G Parent , CuteFlats Women Ankle Low Heel Boots B07G732K49 Parent , CHICMARK Women Ankle Boots with Low Chunky Heel and Square Toe All Macth Boots B07G72PQ7R Parent , CuteFlats Women Ankle Chunky Heel Boots B07G73KZG1 Parent , CuteFlats Women Ankle Martin Boots B07G73MGFM ParentCuteFlats Women Ankle Stiletto Boots B07G73MF2X ParentCuteFlats Women Knee High Chain Boots B07G73LLYJ Parent , Kaloosh Women's Fashion Pendant Metalic Chains High Heels Mid Calf Boots B07G73S987 Parent , NIGHTCHERRY Women Mid Heel Snow Boots B07G7442V8 ParentNIGHTCHERRY Women High Heel Thigh High Boots Zipper B07G74S53C Parent , AicciAizzi Women Pointed Toe Short Boots Zip B07G75Z9KH ParentAicciAizzi Women Block Heel Ankle Boots Zip B07G75Z9L7 ParentCUTEHEELS Women Ankle Casaul Boots B07G76DRJP Parent , Artfaerie Women's Fringe Mid Calf Boots Hidden Heel Boots with Embroidery Warm Retro Shoes B07G76CCSD ParentAicciAizzi Women Wedge Heel Ankle Boots Pointed Toe Zip B07G76834H ParentMan/Woman CUTEHEELS Women Ankle Boots B07G76DYTW Parent Complete specification The latest technology Maintenance capabilityAicciAizzi Women Square Toe Short Boots Block Heel B07G76GGSC ParentCUTEHEELS Women Knee High Boots B07G76RHSY Parent ,

Time limit is exhausted. Please reload CAPTCHA.

TAOFFEN Women Comfort Heel Tassel Boots Hidden Heel Tassel Women B07G387CWS Parent 05ee579 - salonsevendallas.com