MINITOO LD141 Womens Practice Rhinestones Red nhta-30074 Leather Modern Ballroom Practice 30073 Dance Shoes Sport Fitness Sneakers UK 7 Parent B06XGBZTY2 2a319bb - 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.”

MINITOO LD141 Womens Practice Rhinestones Red nhta-30074 Leather Modern Ballroom Practice 30073 Dance Shoes Sport Fitness Sneakers UK 7 Parent B06XGBZTY2 2a319bb

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 *

GTVERNH Women's shoes/fashion/Summer Mesh Sports Shoes Light Breathable Running Shoes Track Shoe Lovers Parent B07G66XG1GMINITOO QJ6236 Women's Floral Printed Coffee Pleather Latin Salsa Tango Dance Shoes UK 3 Parent B06Y491YRZ1TO9 Womens Assorted Colors Comfort Structured Urethane Walking Shoes MMS06350 Parent B07H81554XJTENGYAO Womens Chinese Embroidered Shoes Casual Walking Sport Shoes Parent B07BDKJN2FMINITOO QJ6236 Women's Floral Printed Coffee Pleather Latin Salsa Tango Dance Shoes UK 2 Parent B06Y3XZXJ7Bronx Women’s Bx 1261 Byardenx Slip on Trainers Parent B076WZ7NP7MINITOO QJ6236 Women's Floral Printed Coffee Pleather Latin Salsa Tango Dance Shoes UK 7.5 Parent B06Y48NYN9Deal eSpecial Welcome Brown Sport Shoes 12.0 Light Weight Mesh Running Shoes Parent B06XYMPD2WMINITOO QJ6236 Women's Floral Printed Coffee Pleather Latin Salsa Tango Dance Shoes UK 5.5 Parent B06Y49F324Skechers Womens Navy 'Flex Appeal 2.0 Brit Eye' Slip-On Trainers Parent B078WX4D6FZHZNVX Women's Shoes PU(Polyurethane) Winter Basic Pump Heels Stiletto Heel White/Black / Pink Parent B07GRYLV6PConverse One Star Platform Ox Black White 560996C Parent B079YLPDMH , WYMNAME Womens Latin Dance Shoes,Low Heels Soft Bottom Social Dancing Shoes Ballroom Dance Shoes Parent B07D37P5PQMINITOO QJ6236 Women's Floral Printed Coffee Pleather Latin Salsa Tango Dance Shoes UK 4 Parent B06Y3Y1VLX , Geox Women’s D Gendry a Trainers, Grey Parent B0767P775LVans Sk8 Hi Shoe (Navy) Parent B07HFFTN23Converse Ctas Brea Hi C553422, Black/Silver, UK 5 Parent B0192LIC52PREMIATA Women039;s Sports Shoes, Colour Silver, Brand, Model Women039;s Sports Shoes Conny Silver Parent B07B8RKBT9 , Hassia Women’s Maranello, Weite G Trainers Parent B0759Y6F6J , Golden Goose Women's G33WS590H81 Black Suede Sneakers Parent B07HGHH91D , Skechers Sport Women's Breathe Easy Serendipty Fashion Sneaker,Black,8 M US Parent B01HJ56930Nero Giardini Shoes Woman Low Sneakers P805241D/505 Parent B07B2B7THTNew Balance Wl420 Classic 70's Running Womens Trainers Parent B075R7677BGeox Women’s Womaya13 Walking Shoe Parent B01LLY53W8Nike Shox NZ Women's Running Shoes Grey Sonic Yellow Parent B00596A712Spring and summer coarse and high-heeled satin tip size hollow strap female sandals Parent B07CQRRQYK , Gola Women’s Bullet Cheetah Trainers Parent B07F93LTDBClarks Women’s Step Verve Lo. Sneaker Parent B073RNTL75Versace Jeans Women’s Ee0vrbsb1_e70024 Trainers Parent B075R9SCCW

Time limit is exhausted. Please reload CAPTCHA.

MINITOO LD141 Womens Practice Rhinestones Red nhta-30074 Leather Modern Ballroom Practice 30073 Dance Shoes Sport Fitness Sneakers UK 7 Parent B06XGBZTY2 2a319bb - salonsevendallas.com