BalaMasa Womens Solid Beaded Travel Urethane Pumps Shoes Beaded Solid APL10435 Womens B07G5RYHQK Parent c9a6c89 - 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.”

BalaMasa Womens Solid Beaded Travel Urethane Pumps Shoes Beaded Solid APL10435 Womens B07G5RYHQK Parent c9a6c89

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 *

Renly Womens Suede Platform Slip On Stiletto Pumps Shoes B07G95Z4MQ Parent , Renly Womens PU Leather Gradient Color Work Shoes Party Dress Pumps Stiletto B07G965VCF ParentRenly Womens Suede Slip On Stiletto Party Dress Pumps Shoes B07G96BGNY ParentHFOUR Heel Stoppers - High Heel Protectors Prevent Slipping Races, Weddings, Formal Occasions (6 Pairs) B07G98BWQ2 Parent , Wealsex Women Ladies Pointed Toe Sequin Sandals Mid Heel Single Shoes Slip On Matte Court Shoes Summer B07G9CNFVW Parent , Bright Shining Brides High Heels Protector Transparent Protectors Heel Stoppers B07G9G92CJ Parent , AdeeSu Womens Charms Solid Dress Urethane Pumps Shoes SDC05568 B07GBQ8JNH Parent , Ikrush Womens Lola Barely There Block Heels B07G9LHX4C ParentCoolcept Women Classic Chunky Heel Court Shoes B07GB43QMW ParentAdeeSu Womens Bows Solid Platform Urethane Pumps Shoes SDC05558 B07G9X5Q4V ParentBalaMasa Womens Fringed Dress Beaded Urethane Pumps Shoes APL10477 B07GCD9TLN ParentCoolcept Women Comfort Block Heel Autumn Pumps B07GB43MXG Parent , Renly Womens PU Leather Slip On Ankle Strap Work Shoes Party Dress Pumps B07GB79NNP Parent , Renly Womens Suede Slip On Ankle Strap Work Shoes Party Dress Pumps B07GB7PRFN Parent , Renly Womens PU Leather Slip On Gradient Color Work Shoes Party Dress Pumps B07GB9FZ4R Parent , TAOFFEN Women Sweet Bowknot Court Shoes High Heel B07GBS8B2Y ParentLydee Basic Pumps Women Kitten Heels B07GBDW71Q ParentToland Home Garden 1012200 Americana Birdhouse Welcome 28 x 40 Inch Decorative, Fall Autumn, House Flag B07GBJRB7N ParentAdeeSu Womens Business Solid Nubuck Urethane Pumps Shoes SDC05563 B07GBJ44HD ParentAdeeSu Womens Assorted Colors Bows Non-Marking Leather Pumps Shoes SDC05559 B07GBH23PY Parent , AdeeSu Womens Casual Platform Solid Urethane Pumps Shoes SDC05565 B07GBNFHCS Parent , BalaMasa Womens Platform Solid Nubuck Urethane Pumps Shoes APL10476 B07GCFH3HN Parent , Feet First Fashion Tara Womens High Stiletto Heel Glitter Court Shoes B07G9K5K4K Parent , TAOFFEN Women Fashion Wedges Court Shoes B07GB9KJMN ParentRAZAMAZA Women Classic Block Heel Court Shoes B07GBWV8BK ParentCoolcept Women Causal Low Heel Pumps Shoes B07GBXZTVK Parent , TAOFFEN Women Retro Block Heel Court Shoes B07GBSV46J Parent , KingRover Women's Suede Anti-Slip Closed Toe Concise Round Toe High Heel Court Shoes B07GBXC1CT Parent , AdeeSu Womens Assorted Colors Graffiti Pattern Novelty Urethane Pumps Shoes SDC05571 B07GC9B79W Parent

Time limit is exhausted. Please reload CAPTCHA.

BalaMasa Womens Solid Beaded Travel Urethane Pumps Shoes Beaded Solid APL10435 Womens B07G5RYHQK Parent c9a6c89 - salonsevendallas.com