Vans Brigata Lite Plus, Unisex B013FIST3I Adults’ Lite Low-Top Sneakers 13698 Parent B013FIST3I e4792a7 -

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 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.”

Vans Brigata Lite Plus, Unisex B013FIST3I Adults’ Lite Low-Top Sneakers 13698 Parent B013FIST3I e4792a7

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 *

Le Coq Sportif Women’s LCS R600 W Feminine Mesh Bass Trainers Parent B01MZ598JUadidas Women's Cross Trainers Grey bright grey (ral 7035) 4.5 UK Parent B01IQVIBR8 , Gentleman/Lady Susimoda 8575 Sneakers Women Parent B017GA4A3O Adequate supply and timely delivery low cost ExportConverse Sneakers Chuck Taylor All Star Ii C150160, Unisex Adults’ Low-Top Sneakers Parent B01N7MPC71Ash Footwear Dazed Pearl Grey Star Studded Trainer Parent B0792GJ1HYConverse All Star Hi Trainers White 4 UK Parent B00NC1QFW6ZHZNVX Women's Shoes PU(Polyurethane) Spring & Summer Ankle Strap Heels Block Heel Buckle Black/Beige Parent B07GR1Z2F8Dolce Vita Women’s Tavina Sneaker Parent B077GLB7KKPhilippe Model Women's Shoes Gold Paris Glitter Metal Sneaker Spring Summer 2018 Parent B0792GK5FKNIKE W Blazer Low Se PRM Womens Aa1557-600 Parent B0763RDGGZ , Gentleman/Lady New Balance womens Wrt300sc Parent B01N66I7YE quality a variety of Different goodsMHX Women's Shoes Spring And Summer New Square Shoes Europe And America Low Help Sets Of Feet Lazy Low-heeled... Parent B07C9JCVLT , Calvin Klein Women’s Dolores Canvas Low-Top Sneakers Parent B01EBF6U30 , Men's/Women's Saucony Women's Swivel Sneaker Parent B01NCOSDM9 durable Has a long reputation International big name , MGM-Joymod Women's Peep Toe Corss Strap Synthetic Rhinestones Cut-Out Salsa Tango Samba Rumba Ballroom Latin Modern... Parent B07FLTX4CKGentlemen/Ladies Bandolino Women's April Sandal Parent B01L3H5C7Y Attractive and durable special function Pick up at the boutiqueadidas Women's Superstar Cg3681 Trainers Parent B06XC9NZZW , Women Mule Shoes Peep Toe Wedge Heel Ankle Strap Leather Platform Casual Shoes ( Color : Beige ) Parent B074DTN9SBMGM-Joymod Women's Closed Toe Flared Heel Leather Salsa Tango Ballroom Latin Modern Dance Shoes Wedding Party... Parent B07G21CKN8C1RCA Women's Skate Shoes 99 Slim Vulc Parent B005B61M46 , Men's/Women's Ash Women’s Neptune Sneaker Parent B078SMN6QN New product Pleasant appearance Exquisite processingColoranimal Gym Sports Running Walking Sneakers Lightweight Air Mesh Flats Tennis Shoes Parent B07GZ5R9FVQPYC Ladies Snow Boots Thick Bottom Increased Within Short Boots Artificial Velvet Warm Cotton Boots Student Shoes Parent B077K3RDC5 , Women's Mesh Sneakers,Fashion Shock Absorption Light Trainers Shoes,Comfort Breathable Sport Shoes,Camping Park... Parent B07H53XCN9Advocator Stylish Custom Design Flat Unisex 2018 Sport Shoes Custom Sneakers Parent B07GL2JVKN , Puma Women’s Carson 2 Metallic Multisport Outdoor Shoes, Black, 6.5 UK Parent B07237P2GNArmani Womens Z55B7 Hi-Top Sneakers Parent B00MRZ4HXWDiadora Heritage - Sneakers B.ELITE S SW for man and woman Parent B07B128D4VClarks Tri Trail, Women’s Low-Top Sneakers Parent B06XCCFHK7

Time limit is exhausted. Please reload CAPTCHA.

Vans Brigata Lite Plus, Unisex B013FIST3I Adults’ Lite Low-Top Sneakers 13698 Parent B013FIST3I e4792a7 -