Fuxitoggo Buckle Strap Sandals Parent Women UK Peep Toe 4.5) Wedge Heel Shoes (Color : Black, Size : UK 4.5) B07GYYRWB7 Parent c61cad1 - 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.”

Fuxitoggo Buckle Strap Sandals Parent Women UK Peep Toe 4.5) Wedge Heel Shoes (Color : Black, Size : UK 4.5) B07GYYRWB7 Parent c61cad1

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 *

HhGold Sandals Thick-soled Muffins Word Slipper Female Summer Fashion Wearing 2018 New Student Wedges Sandals... B07J6FNTB1 ParentXTI Women’s 48008 Open Toe Sandals B0778SZ4TY ParentAIYOUMEI Womens Chunky High Heels Platform Strappy Sandals With Pearls T Bar Sandles B071LM76FQ Parent , ShuWish UK Carrie Black Patent PU Leather High Block Heel Peep Toe Ankle Strap Party Sandals B01NH7HMKT Parent , Lunar Womens Black Flower T Bar Wedge Sandal B07C1DN1JP Parent , Zaxy 17222 90059 Sandal Women B07828ZGQX ParentCushion Walk Lifestyle Womens Summer Sandals Adele B07C4ZTPT5 Parent , Cushion Walk Womens Black High Wedge Sandal B00NIF84UM ParentSmilice Casual Flat Sandals with Pointed Toe and Mini/Large Size Available B07DNRTXSQ ParentTeva Original Universal W's, Women’s Athletic Sandals B01BH22UYS ParentVulusValas Women Lovely Cross Strap Sandals Heels B07D8JCNBD Parent , Vegan Friendly Faux Leather Toe-Post Slide Sandals Availabe in Black, White and Coral Pink B07CG31436 Parent , RAZAMAZA Women Mid Heel Sandals Shoes Fringe B07BMR3SMT Parent , RAZAMAZA Women Summer Straps Sandals Heels B07BCCS3LK ParentKaloosh Women's Sweet Cloth Button Bowtie Daily Shoes Comfortable Sandals Leisure Flats B07CCZW7SH ParentRAZAMAZA Women Wedge Heel Sandals Shoes B07CCM5PC2 ParentRAZAMAZA Women Spring-Summer Shoes Slingback B07CFWWLMZ ParentTAOFFEN Women Shiny Ankle Strap Sandals Heels B07CG58THN Parent , Coolcept Women Ankle Strap Sandals B07D111CBC Parent , Coolcept Women Party Heels Sandals Peep Toe B07D5S6B7G ParentMelady Women Fashion Court Shoes D Orsay Big Sizes B07DB72C55 ParentAlnice Open Toe Slip On Faux Suede Wedge Mule 1 Band Slide Heels Shoes Women B07DB8ZLTB Parent , TAOFFEN Women Fashion Thick Sole Mules Sandals Open Toe B07DPCK6R2 Parent , RAZAMAZA Women Fashion Wedge Heel Sandals B07DCNCWPS ParentEarth Spirit Womens Platinum Leather Comfy Sandal B07C9HWHYQ ParentCoolcept Women Elegant Peep Toe Sandals Bowknot B07F6FXPWL Parent , Earth Spirit Womens Navy Leather Comfort Sandal B07BRJTCCJ Parent , Cushion Walk Womens White Slip On Comfort Sandal B07BNTB2BV ParentBirkenstock New York, Unisex-Child Sandals B00GMEXTM4 Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Fuxitoggo Buckle Strap Sandals Parent Women UK Peep Toe 4.5) Wedge Heel Shoes (Color : Black, Size : UK 4.5) B07GYYRWB7 Parent c61cad1 - salonsevendallas.com