Gentleman/Lady Modern Mary Reliable Jane Shoes B00VNKNIBO Parent Impeccable Modern sell Impeccable Reliable reputation fda7765 -

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.”

Gentleman/Lady Modern Mary Reliable Jane Shoes B00VNKNIBO Parent Impeccable Modern sell Impeccable Reliable reputation fda7765

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 *

Gentlemen/Ladies Crocs Carlie Flower Clog B00XKPWTA6 Parent Guarantee quality and quantity excellent Excellent workmanship , Merrell Women's Circuit MJ Breeze Walking Shoe B001O37U1O ParentIcegrey Women's Blossom Embroidered Walking Flat Shoes B01IMWWLAY ParentCosyfeet Selena Sandals - Extra Roomy (6E Width Fitting) B0725SJDKB ParentLADIES CASUAL SLIP ON COMFY LOW WEDGE WORK SHOES PUMPS BUCKLE DETAIL SIZE 3-8 B0761TR4DH Parent , Wedopus MW745 Womens Mary Jane Almond Toe Mid Heel Bowtie Red Wedding Party Court Shoes B01JGFZGSK Parent , Lazutom Women Lady Vintage Chinese Embroidery Casual Mary Jane Cheongsam Party Dress Shoes B07H2WHH8Z ParentDr. Martens Kara Danio Off White, Women’s Mary Jane B00OCFH2FK Parent , SEVENWELL Women Casual Slip On Sneakers Shoes Lightweight Comfort Walking Shoes Woven Mary Jane Flat B07FQKWRW6 ParentDecostain Women's Ladies Buckle Mary Janes Flats Low Heel Brogues School Shoes B0777KJJ7C Parent , T.U.K. T2220 TUK LADIES T.U.K. Shoes Anarchic Double Skull Strap Mary Jane B00NVK20PO ParentLadies Extra Wide 4e Fitting Smart Single Bar Velcro Shoes B00E63R48S ParentBoulevard Womens/Ladies Touch Fastening Perforated Summer Bar Shoes B06XZHKN3D Parent , Tianrui Crown Women And Ladies Embroidery Loafers Summer Sandal Flat Shoe B073LM2VXM Parent , Gabor Galaxy, Women's Mary Jane B00PR9MKYI ParentChie Mihara Women’s Preta Mary Janes B07B39T1KD ParentSoftinos Women’s Ion446sof Mary Jane B073MNSVJK Parent , Kickers Women’s Oxitane Mary Janes B0745HW1H3 Parent , CularAcci Women Pointed Pumps Shoes B07F6XFXYH Parent , Womens Rocket Dog Black Mary Jane Style Synthetic Leather Shoes Size 3 5 6 7 B07F38FFV7 Parent , Gabor Mindy, Women’s Mary Jane B00S7SUJHG ParentClarks Womens Casual Clarks Cowley Folly Nubuck Shoes In Grey/Blue B01AY6BR9W ParentBoulevard Womens Leather Wide EEE Fit Casual Shoes (7 UK, Bronze) B07BSRJBW3 Parent , Hot Chocolate Design Chocolaticas Shanthi Women's Mary Jane Flat B00I3IY9WQ Parent , Icegrey Women's Double Strap Embroidered Low Wedge Mary Jane Shoes B01IMWYKMQ ParentHot Chocolate Design Chocolaticas Popcorn Women's Mary Jane Flat B0108JK06G Parent , Demonia Studded Mary Jane Wedge Shoes Rivet Detail Gothic Platform Lolita Pump Style Shoes Footwear B013JLDOO0 Parent , Lora Dora Girls Black School Shoes B00MEE7R6U ParentBirkenstock Women’s Tickel Mary Janes B01MQNPMFS Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Gentleman/Lady Modern Mary Reliable Jane Shoes B00VNKNIBO Parent Impeccable Modern sell Impeccable Reliable reputation fda7765 -