Avia B00FYHFSCO Women's Avi Union Union Service nhta-30296 Shoe Parent B00FYHFSCO 13ea6f6 - 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.”

Avia B00FYHFSCO Women's Avi Union Union Service nhta-30296 Shoe Parent B00FYHFSCO 13ea6f6

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 *

YMFIE Summer fashion comfortable bottom sole toe sandals lady beach shoes Parent B07DNYL2TJMen/Women Manas Women’s Rodi Trainers Parent B079VZ84Q9 Practical and economical comfortability Different goods , Rachel Zoe Women’s Colette Braid Trainers Parent B077MRK4CF , NIKE WMNS Air Max Torch 4 Womens 343851-012 Parent B002795LEMFunnyPrint High Top Skate Shoes for Ladies Flatform Shoes for Daily Wear,Walking,Traveling,Hiking Parent B07HQKMWS5 , WXMDDN Female modern dance shoes black dancing shoes female adult 5cm high heel outdoor dance shoes soft soles... Parent B0784N63TFSoftinos Women’s Isleen Hi-Top Trainers, Red Parent B079LBXTQW , Gentlemen/Ladies Aldo Womens Athelina Parent B072NBZPC6 Ideal gift for all occasions Beautiful appearance business , WXMDDN Female Modern Dance Shoes Black Dancing Shoes Female Adult 5cm High Heel Indoor Dance Shoes Soft Soles... Parent B078BSFF4WCut Out Gladiator Platform Summer Sandals - Chunky Cleated Sole Block Heel - Black, White, Pink, Silver, Gold Parent B00KDLNE04 , adidas Originals womens Samoa + W Samoa + W Parent B01NBKO8MR , Man's/Woman's Gant Mary, Women’s Trainers Parent B07233S11B Crazy price, Birmingham cheapest Modern and elegantNew Balance Women W680v5 Running Shoes Parent B06XS2S1GYPUMA Women's Clyde Core Sneakers, White New Navy, 9 B(M) US Parent B01MDUAOOWKennel Und Schmenger - Susa Bunny Metallic Pump, Rose Parent B06WLM1QZ7 , Gentlemen/Ladies Rieker M3701, Women’s Trainers Parent B01N24GUWE Easy to use Medium cost business , Baysa Split Sole Pink Leather Ballet Shoes For Girls/Women All Sizes (5.5 UK Adult) Parent B06Y5LRWKSGentleman/Lady Skechers Women’s 23028 Trainers Parent B076TP28P4 Quality products International choice Complete specifications , Men's/Women's Armistice Unisex Adults’ Trainers Parent B01N5V25SS Complete specification excellent comfortableVans Rhea Sf, Women’s Low-Top Sneakers Parent B017Z7C2QA , Baysa Split Sole Pink Leather Ballet Shoes For Girls/Women All Sizes (12 UK Little Kid) Parent B06Y5PZVP4 , PALLADIUM - PAMPA OX LP TW P Woman's - white mouse Parent B01N0NGKIMPUMA Women's Clyde Core Sneakers Parent B01MD1BYUDBaysa Split Sole Pink Leather Ballet Shoes For Girls/Women All Sizes (8.5 UK Adult) Parent B06Y5LZR55Baysa Split Sole Pink Leather Ballet Shoes For Girls/Women All Sizes Parent B06Y5PBQKC , Baysa Split Sole Pink Leather Ballet Shoes For Girls/Women All Sizes (2 UK Little Kid) Parent B06Y5PGSF6 , Baysa Split Sole Pink Leather Ballet Shoes For Girls/Women All Sizes (13 UK Little Kid) Parent B06Y5R9NPN , Baysa Split Sole Pink Leather Ballet Shoes For Girls/Women All Sizes (6.5 UK Adult) Parent B06Y5QXDG8Joma Chas. PA Shoes – Unisex Parent B01BKFX9TM

Time limit is exhausted. Please reload CAPTCHA.

Avia B00FYHFSCO Women's Avi Union Union Service nhta-30296 Shoe Parent B00FYHFSCO 13ea6f6 - salonsevendallas.com