Gabor Women’s Fashion Sling Sling Back Women’s Heels Heels B01M7X9UR0 Parent 736f3ea -

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.”

Gabor Women’s Fashion Sling Sling Back Women’s Heels Heels B01M7X9UR0 Parent 736f3ea

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 *

Art Venice 451, Women’s Court Shoes B00OSA2WSG Parent , Clarks Denny Bradford Womens Mary Jane Style Shoes B072R4K6RX Parent , Van Dal Women’s Robin Closed-Toe Heels B01N7YDKN0 Parent , Women's Pointed Cross Bandage Single Shoes Ankle Strap Buckle Hollow Stiletto Everyday Wear Sweet Style Single... B07GFN7PNJ ParentBernie Mev Women's Legend Dress Pump B00WDWCLAA Parent , Irregular Choice - Lazy River - Red B0772TDP31 ParentGENNIA MEDINEA. - Women´s Closed Toe Leather Pumps with Bow and Stiletto Heel B07H92DYF3 ParentClarks Kelda Gem Womens Court Shoes B01MG8L5NE ParentMen's/Women's Buffalo Women’s Court Shoes B009C480U2 Parent Good world reputation Primary quality Maintenance capabilityGentleman/Lady Hassia Women's Court Shoes B003OYJL36 Parent Online Shopping the most economical Characteristics , Opportunity Shoes - Corso Como Women’s Regina Pump B06WD912LQ ParentGabor Women's Shoes 65.360.14 Women's Pumps, Court Shoes, Extra Comfort with Maximum Softness and Flexibility B01M9IN5VZ ParentGERRY WEBER Women’s Antonia 01 Sling Back Heels B078H8B9MS ParentVan Dal Women’s Ariah Flatform Heels B06XJ4VFC5 Parent , Clarks Women's Kendra Sienna Closed Toe Heels, Black, 3 UK B01K9JW5NQ ParentArt Women’s Genova Mary Janes B071Z28J1X Parent , Clarks Orabella Fern Leather Shoes in Nude Patent B077PQLH9X Parent , Pleaser Pink Label Womens Big Size T-Strap Court Shoes Fab-425 Black Patent B073X2YJ6X ParentHassia Women's Evelyn, Weite J Court Shoes Black Schwarz (0100 Schwarz) 3.5 B00VG13R48 ParentGabor Women's 91.260 Court Shoes B07BHJ3QM4 ParentRainbow Club Bobbie - Ivory Satin Low Kitten Heel Court Shoes with Silver Shimmer Detail B075MMJ19L ParentMan/Woman Gabor Women’s Pumps B00WCG6SQK Parent Queensland discount price Non-slip , Nine West Tatiana, Women's Closed-Toe Pumps B0182NE462 Parent , GENNIA Jarasling Medi White - Women Dress Shoes, Made of Leather, Type of Heel Block Heel of 5 cm, Size 1-10 B07FSMKMN6 ParentPoetic Licence Women's Court Shoes B079TNYZNS Parent , Rockport Women's Court Shoes White White Flowers B0791125TL ParentMen's/Women's Lodi Women’s Rami-39te Stiletto B07145L8QX Parent Durable service Let our goods go to the world Direct businessAmblers Steel FS96 Safety Court Shoe / Womens Shoes B009M679NY Parent , Gabor Shoes Fashion, Women's Closed-Toe Pumps B01MDQ9WJQ Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Gabor Women’s Fashion Sling Sling Back Women’s Heels Heels B01M7X9UR0 Parent 736f3ea -