BalaMasa Leather Girls Parent Round-Toe Solid Imitated 25468 Leather Pumps-Shoes B01L41POJU Parent b1d1f9c - 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 Leather Girls Parent Round-Toe Solid Imitated 25468 Leather Pumps-Shoes B01L41POJU Parent b1d1f9c

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 *

Style & Co. Womens GALAXY2 Pointed Toe Ankle Strap D-Orsay Pumps B01LXXT6OF Parent , Alfani Womens Loralie Open Toe Classic Pumps B01LXV47KZ Parent , Spot On Ladies Diamante Heeled Sandal B01LYLRN54 ParentIkrush Womens Annabelle Chrome High Heels B01LYZZ0BV Parent , Thalia Sodi Womens Vanessa Closed Toe Ankle Strap D-Orsay Pumps B01LWBODR0 ParentLondon Footwear Dana, Women’s Court Shoes B01LZF5F97 ParentWanderlust Womens Kelci Closed Toe Classic Pumps B01LY14IV6 Parent , London Footwear Cori, Women’s Kitten Heels Court Shoes B01LZZLSWD ParentCAMSSOO Women's Patent Slip On Court Pointed Toe Stiletto High Heel Pumps Shoes B01M0W5224 ParentAnne Michelle Ladies Peep Toe Heel with Diamante Knot Detail B01M0SU5L4 Parent , London Footwear Leah, Women’s Kitten Heels Court Shoes B01M0B8NFY Parent , London Footwear Hazel, Women’s Heels Court Shoes Sandals B01M0YWHPY Parent , COOLCEPT Women Platform Winter Warm Snowboots Warterpfoof B01M11RBJA Parent , LongFengMa Women High Heel Shoes Platform Classics Fashion Quality Sexy Heeled Pumps B01M0ZXTTZ Parent , CAMSSOO Women's Pointed Toe D'orsay Mid Kitten Chunky Heels Dress Pumps Court Shoes B01M122XXJ Parent , COOLCEPT Women Fashion Dress Boots Mid Calf Strappy Flat Boots Shoes B01M11XS2A Parent , LongFengMa Women Thin High Heel Stiletto Pumps Basic Office Dress Shoes Heels Pointed Toe B01M18RR7E ParentPumps Cushion/Stripe Black & White B01M2WMJUO ParentLongFengMa Women High Heel Shoes Platform Classics Fashion Quality Pumps B01M1BB3G8 ParentGentleman/Lady Pumps Cushion/Native Gray B01M8HQNOS Parent feature Affordable various kindsTAOFFEN Women Fashion Bootie Wedges Heels Shoes Ankle Boots Dressy B01M1GTHDO Parent , TAOFFEN Women Mid Calf Boots Strappy Flat Heel Shoes Fashion Dressy B01M1GSQ9I Parent , FANTASIA BOUTIQUE ® FLH844 Ladies Tasmin Metallic Diamante Strap Elegant Heels Satin Feel Sandals B01M1HC9HY ParentLongFengMa Women Stiletto Pumps Solid Office Pointed Toe Wedding Dress Shoes B01M1MZ92F ParentLongFengMa Women Block Heel Pumps Glitter Round Toe Sweet Dress Bridal Shoes Party Heels B01M1K306G ParentLongFengMa Fashion Women Heeled Pumps Pointed Toe Chain Ankle Strap High Heel Shoes B01M1O7TF9 Parent , LongFengMa Women High Heel Shoes Slip on Wedding Pumps Platform Party Suede Shoes Heels B01M1KJ4HZ Parent , TAOFFEN Women Winter Warm Snowboots Fashion Platform Shoes B01M1GU6LN Parent , LongFengMa Ladies Retro Stylish High Heeled Pumps Footwear B01M1MZKRD Parent ,

Time limit is exhausted. Please reload CAPTCHA.

BalaMasa Leather Girls Parent Round-Toe Solid Imitated 25468 Leather Pumps-Shoes B01L41POJU Parent b1d1f9c - salonsevendallas.com