Gold Shoes 2Star Shoes Women's Light B074KFGRZM Blue Leather 39 Sneaker 39 Parent B074KFGRZM 329c6bf - 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.”

Gold Shoes 2Star Shoes Women's Light B074KFGRZM Blue Leather 39 Sneaker 39 Parent B074KFGRZM 329c6bf

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 Womens Originals Womens ZX Flux Adv Verve Trainers in Grey White - UK6.5 Parent B018Y8617A , Supra Stacks Vulc Ii, Unisex Adults’ Low-Top Sneakers Parent B011JJXRDMSkechers Sport Women's Skyline Sneaker,GYLV,6 M US Parent B078TMK29WSkechers Sport Women's Skyline Sneaker,GYLV,6.5 M US Parent B078TMTHKG , Skechers Sport Women's Skyline Sneaker,GYLV,11 M US Parent B078TMTHKJ , New Balance Women's WX615V1 Training Shoe Parent B01641BCPK , Skechers Sport Women's Skyline Sneaker,GYLV,7.5 M US Parent B078TMTKK4 , Skechers Sport Women's Skyline Sneaker,GYLV,9.5 M US Parent B078TMTMNPSkechers Sport Women's Skyline Sneaker,GYLV,8.5 M US Parent B078TN1HFSSkechers Sport Women's Skyline Sneaker,GYLV,5.5 M US Parent B078TN9Y64DANDANJIE Womens Clogs Garden High Heel Beach Kitchen Shoes Lightweight Shoes Quick-dry Slippers Parent B07D9K84C9 , Skechers Sport Women's Skyline Sneaker,GYLV,9 M US Parent B078TSW2BZ , Skechers Sport Women's Skyline Sneaker,GYLV,5 M US Parent B078TMTMNNBeppi Women’s Casual Fitness Shoes Parent B0783TD7FZJosef Seibel Neele 01, Women’s Hi-Top Trainers Parent B00MVQAGO6 , Diesel Magnete Exposure Mid, Women's Hi-Top Sneaker Parent B07D3M4962 , Breathable Mesh Lady Shoes Female Casual Sports Shoes Lightweight Sneakers Soft Antislip Sole Outdoor Running... Parent B07HB3RFKSHIPPOSEUS Women's Satin Latin Dance Shoes Ballroom Shoes,Model AF407 Parent B074S61B99Skechers Sport Women's Skyline Sneaker,GYLV,7 M US Parent B078TSYSHWBillabong Women's Addy Walking Shoe Parent B073ZK4GRMGeox D6434D 02285 Slip-on Women Parent B076DHJL8KMisu Women's Closed toe Suede Sole Latin Salsa Tango Practice Ballroom Dance Shoes with 1.5" Heel Parent B01LSI0E6W , Skecher Street Women's Moda-Back LIT Smooth Fashion Sneaker, White Parent B06WVLYHQCMen's/Women's Manas Women’s Delfi Trainers Parent B079VT32JH Diverse new design Beautiful appearance high quality productArmani Jeans Sneaker Bassa, Women’s Trainers Parent B071LKLJV3 , Puma Women’s Ignite Flash Evoknit Stripped Wn Sneaker Parent B07523KSTB , Men/Women DC Rebound Sneaker Parent B01H192NDO main category new King of the crowd , NIKE Women’s W Sf Af1 Low-Top Sneakers Parent B07G4M6BNV , Nike W Court Borough Mid Prem, Women’s Gymnastics Shoes, Beige (Sail/lt Orewood Brn/silt Red/white), 4 UK (37.5... Parent B004M8RG08

Time limit is exhausted. Please reload CAPTCHA.

Gold Shoes 2Star Shoes Women's Light B074KFGRZM Blue Leather 39 Sneaker 39 Parent B074KFGRZM 329c6bf - salonsevendallas.com