Leather Collection Ladies - Flat 24909 Y Strap B01BOUZUDQ Slingback Mule - Gold Leather - UK Size 5 - EU Size 38 - US Size 7 Parent B01BOUZUDQ 3e59a46 - 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.”

Leather Collection Ladies - Flat 24909 Y Strap B01BOUZUDQ Slingback Mule - Gold Leather - UK Size 5 - EU Size 38 - US Size 7 Parent B01BOUZUDQ 3e59a46

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 *

Vince Women's Varley Black Leather Fashion Sneaker Parent B01M1KLDBFBunker Sneaker, Women’s Low-Top Sneakers Parent B01735N49S , Puma Basket Classic Pearl, Unisex Adults’ Low-Top Sneakers Parent B01NA917YPConverse Unisex Adults’ 150145C Hi-Top Trainers Parent B010S58TXG , K-Swiss Women's Classic 88 Fashion Sneaker Parent B01LXZROCGPhilippe Model Women's TBLDBJ01 Grey Leather Sneakers Parent B079QMW4VY , Men/Women Tretorn Women’s Marleyx4 Sneaker Parent B07CCPT4P3 Wear resistant Comfortable touch Non-slipUnisa Women's Barday Ca Trainers Parent B074T11T9X , Gentleman/Lady Ipanema Women's 81707 Mules Parent B01CJXXCOQ Year-end special promotions Attractive fashion TRUESUKUTU New Women Latin Ballroom Tango Dance Shoes Satin Dancing Shoes For Ladies Salsa Women Shoes SU002 Parent B01M8K7H02 , NIKE Women’'s W Air Zoom Mariah Fk Racer Fitness Shoes Parent B079QJ5MM6Le Coq Sportif Dynacomf Poke, Unisex Adults’ Trainers Parent B01GQ722TM , So Danca Women’s Jze40 Jazz Shoes Parent B0757YQ1GQLeather Gymnastic, Dancing, Non Slip Shoes (EU-29) Parent B0050QN1AKPavement Women’s Ava Fringel Trainers Parent B0764QWTHX , Puma Women’s Basket Classic Citi Metallic WN's Fashion Sneaker Parent B01J152GVARaider Unisex Adults' R11073/24271 Flip Flops Parent B01NBG0R5H , Ashish Topshop Led Buffalo Leather Light Up Sneakers Trainers Shoes Size Parent B00PINF1BMMiyoopark Ladies Stiletto High Heel Satin Latin Dance Sandals Wedding Shoes MY-L002 Parent B01N690RKQPREMIATA Women's JANE2985 Green Fabric Sneakers Parent B07CQ8GSCLThe banquet pointed high-heeled shoes, sequins big yards, shallow and thin, with women's shoes Parent B075H7CH28Reebok Women’s Instalite Training Running Shoes Parent B073FLYMCGMr/Ms Drew14406-P Parent B0013145FQ Economical and practical Primary quality Brand feastZHZNVX Women's Shoes PU(Polyurethane) Summer Comfort Sneakers Flat Heel Pointed Toe Gold/Silver Parent B07H1FZHDMHBDLH Women's shoes/Breathable/Sandals Girls Summers 10Cm High Heels Rough Heels Sexy Wild Thick Bottomed Waterproof... Parent B07F5W9M4L , Joie Women's Dakota Fashion Sneaker Parent B01HDSFRY0 , BESTOYARD Women's High Top Sneakers Anti-Slip Sports Sequins Flat Shoes Boots For Women Girls Students - Size... Parent B07BGXJ7YKHavaianas Top, Unisex Flip Flops Parent B000YKMID8 , Puma Puma Vikky Ribbon S Parent B07BTZ4KQ4

Time limit is exhausted. Please reload CAPTCHA.

Leather Collection Ladies - Flat 24909 Y Strap B01BOUZUDQ Slingback Mule - Gold Leather - UK Size 5 - EU Size 38 - US Size 7 Parent B01BOUZUDQ 3e59a46 - salonsevendallas.com