Gentleman/Lady New Balance Different womens a Wrt300sc Parent New B01N66I7YE quality a variety of Different goods b12daa1 - 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.”

Gentleman/Lady New Balance Different womens a Wrt300sc Parent New B01N66I7YE quality a variety of Different goods b12daa1

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 *

adidas Originals Women's NMD_R1 raw Steel/White, 7 M US Parent B07C67T5VY , adidas Originals Women's NMD_R1 raw Steel/White, 8 M US Parent B07C6JZT7Yadidas Originals Women's NMD_R1 raw Steel/White, 10 M US Parent B07C6KQQBZadidas Originals Women's NMD_R1 raw Steel/White, 7.5 M US Parent B07C6KST9Madidas Originals Women's NMD_R1 raw Steel/White, 10.5 M US Parent B07C6V92M7 , adidas Originals Women's NMD_R1 raw Steel/White, 5.5 M US Parent B07C6V9VDQ , adidas Originals Women's NMD_R1 raw Steel/White, 11 M US Parent B07C6YDXRVMINITOO Women's Dance Collection 6721 Wide Fit Black Salsa Tango Ballroom Latin Shoes 7.5 M UK Parent B01176C120MINITOO Women's Dance Collection 6721 Wide Fit Salsa Tango Ballroom Latin Shoes Parent B01176BOJQ , Kendall & Kylie Women's KKJUNIPER02BLUSH Pink Fabric Slip On Sneakers Parent B0799NH598 , Geox Women’s D Breeda D Trainers Parent B0766CLSDQSport Running Shoes,Water ShoesFashion Women Shoes Casual Shoes Outdoor Walking Shoes Student Sports Shoes for... Parent B07G9M3PJFShangYi Roman sandals female summer fashion flat bow students single shoes thick bottom wild beach shoes vacation... Parent B07CHD631QPuma Carson Runner WN's, Women’s Running Shoes Parent B015OCG0PC , Cole Haan Women's Zerogrand Fashion Sneaker Parent B00OQUV82EHuaishu Women's Open Toe Sandals Summer Word With Sequins High Heels Low To Help Comfortable Shoes Non-slip Flip... Parent B07FNX8VDY , Man's/Woman's Aldo Womens Naven Parent B072ND2BCJ Reliable quality Environmentally friendly Excellent functionBronx Womens Black Jaxstar Hi-Top Chunky Trainers Parent B07GH4H8F8 , Högl Women's Trainers silver Silber Parent B0758BJNG6 , Skechers Go Step Vital Womens Casual Sports Shoes Parent B01B3DOGNY , Salomon Women's Trainers Grey Charcoal Parent B07FCMRS5ZMBT Women’s Colorado 17 W Fitness Shoes Parent B07BGH25JWMen's/Women's High,Heeled,Sandals,,Simple,Toe,,Summer,Belt,Buckle Parent B072N7V5QY High quality and cheap Stylish and fun German Outlets , Vans Unisex SK8-Hi Suede Trainer Parent B010O0YVBE , Vans Shoes Sk8-hi Canvas Frost Gray Fashion Skate Sneakers Parent B010O0Z4COThiKin Funny Lightweight Mesh Women Casual Shoes Women Running Shoes Parent B07GM2NJL7 , NIKE Capri Iii Lth, Women’s Trainers Parent B00I9L7FE6 , Beck Women’s Nostalgie Gymnastics Shoes Parent B073H3MM4WQOIQNLSN Women'S Shoes Pu(Polyurethane) Spring Comfort Heels Chunky Heel Black/Beige / Yellow Parent B07GP7LMGN

Time limit is exhausted. Please reload CAPTCHA.

Gentleman/Lady New Balance Different womens a Wrt300sc Parent New B01N66I7YE quality a variety of Different goods b12daa1 - salonsevendallas.com