Bronx Ankle Bx 995, Women’s 995, Ankle Boots B01DO2IYHQ B01DO2IYHQ Parent cb72745 -

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.”

Bronx Ankle Bx 995, Women’s 995, Ankle Boots B01DO2IYHQ B01DO2IYHQ Parent cb72745

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 *

Remonte Women’s D8782 Chukka Boots, Antik/Vino/Chestnut/Schwarz/Wine Weite G B06ZXQZRS6 Parent , Skechers Women’s Double up-Over The Edge Ankle Boots B06W6SWJQ8 ParentGentleman/Lady Kamik Snowvalley, Women’s Boots B00RW5HVJE Parent Easy to use Fine art best seller , Fly London Women’s Jafi924fly Biker Boots B073Q34KSC ParentDr. Martens V Page Mtd, Women’s Chukka Boots B01IDTRGZG Parent , Men/Women Mustang 1187502, Women’s Boots B019A1HONA Parent Aesthetic appearance Has a long reputation Acknowledgement feedback , Marco Tozzi Women’s 25505 Boots, Black, 4 UK B06Y1CZLNV Parent , Joe Browns Brooklyn Ankle Boots, Women’s Ankle Boots B076F9DTG3 Parent , L@YC Women's Shoes Rubber Nubuck Leather Winter Fall Fashion Boots Combat Boots Boots Booties/Ankle Boots For... B07B4Z3V2M ParentAigle Unisex Adults’ Landfor Wellington Boots B015UE330O Parent , ECCO Women’s Noyce Snow Boots, Black B071Z9F58R Parent , Joules Women’s Field Welly Wellington Boots B00WN3E2GK Parent , Mustang Women’s 1265-601-820 Boots, Blau (820 Navy) B071L9QKNR ParentAldo Women’s Huffington Ankle Boots B01EM5SHQ2 Parent , ara ROM-Sport-st, Women’s Warm-Lined Short-Shaft Boots and Bootees B01FNTDWQ6 Parent , Viking Unisex Adults' Touring Iii Wellington Boots, Black, 6 B01N4CO8YJ Parent , Gentleman/Lady Rieker 92501, Women’s Boots B00WHHTNUC Parent Charming design New products in 2018 Breathable shoesMen/Women Office Krown, Women’s Boots B074F55YSB Parent Packaging diversity Environmentally friendly Personalization trend , NR Rapisardi I1101, Women’s Boots B0714MHK1S Parent , Isle Jacobsen Women’s Short Rub Flat Sole Wellington Boots B01FMRWTGI ParentFIND Women’s Faux Suede Slouch Boot B072MTMKVN Parent , Man/Woman FIND Burgess, Women’s Boots B072K7Z289 Parent Selling Elegant style Complete specificationsGentlemen/Ladies Roxy Women’s Martie Boots B072PT4FLW Parent Modern technology Used in durability Valuable boutiqueFIND Women’s Vinyl Chunky Chelsea Boot B072MTSM2X ParentGentlemen/Ladies Unisa Women’s Karisi_f17_vl Boots B06ZXXYMZT Parent use Primary quality Breathable shoes , FIND Women’s Boots in Knee-high Length in Stretch Neoprene B073QRDP9T Parent , Rieker 50560 00, Women’s Brogue B07GSBYPF7 ParentMen's/Women's Rieker Z1444, Women’s Boots B071DVC96S Parent sell Sales Italy Good qualityColumbia Women’s Minx Slip Ii Omni-Heat Snow Boot B00Q7RIH3W Parent

Time limit is exhausted. Please reload CAPTCHA.

Bronx Ankle Bx 995, Women’s 995, Ankle Boots B01DO2IYHQ B01DO2IYHQ Parent cb72745 -