Mustang B01G7197IG Women’s 1233-502-55 Boots Ankle Boots Ankle B01G7197IG Parent 4773911 - 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.”

Mustang B01G7197IG Women’s 1233-502-55 Boots Ankle Boots Ankle B01G7197IG Parent 4773911

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 *

Gentleman/Lady Remonte Women’s D3888-m02 Ankle-Strap B07458ZB83 Parent Excellent craft Moderate cost Great choiceCotswold Dowdeswell Boot Womens Leather Ankle Boots Chocolate - Chocolate - UK Sizes 3-8 B00PK5AI7A Parent , Blowfish Women's Sworn Fashion Boot, Black Fawn, 7.5 M US B019SIC7NC ParentPleaser Electra-2020, Women’s Unlined Classic Boots Long Length B0002Z1JXA ParentMan's/Woman's Office Acute Ruched Boots B07G6YFVRL Parent Queensland Known for its good quality leading the fashion , Man/Woman Funtasma REFEREE-125 B003HVN1FU Parent High-quality High-quality materials Modern and elegantLambland Ladies Genuine Sheepskin Short - Calf Length Boots B01782983M ParentMr/Ms Gabor 72.865G Womens Booties B07418SX9C Parent Year-end special promotions Quality First ExportJosef Seibel Steffi 49 Womens Chelsea Boots B0759K6X26 ParentBarbour Primrose Womens Wellington Boots B07B69RC7H ParentLutalica Women's Fashion Pointed Toe Side Zipper Sexy High Heel Knee High Boots B07FYG6X2X ParentLotus Beanie Womens Casual Ankle Boots B0749QNT7X Parent , Ladies Winter Fashion Zipper Pointed Toe High Heels Genuine Leather Block Heels Over-The-Knee Women Boots B07FN2GBRN Parent , Remonte Women's R1470-15 Leather Hi Top Trainers B01J54FMJ0 ParentBugatti Women’s 421330301015 Boots, Braun (Taupe/Multicolour 1481) B06Y2WLH7D Parent , Tama TMA Women’s 2088 Snow Boots B07BH3DFLQ Parent , Blundstone 1426 - Canvas, Unisex Adults' Chelsea Boots B00IZ8MNUY ParentMan/Woman Ash Jalouse boots B01DYILQ48 Parent Elegant and sturdy set meal New in stock fineGentleman/Lady Mustang Women’s 1256-503-360 Boots B0716T1LCH Parent wholesale Make full use of materials Human borderMr/Ms Geox SP Women's Boots B07FDTHNTF Parent selling price Pleasant appearance Caramel, gentle , HKM Ladies Madrid Winter Membrane Waterproof Durable Fashion Wellington Boots B005NZPZ3E ParentGabor Vastra, Women's Ankle Boots B00JKTYOWC ParentLadies Pony Horse Riding Walking Outdoor Rain Winter Leather Country Boots B018ZIV17O ParentJosef Seibel Joice 13, Women’s Ankle Boots B071W15HTR ParentHi Tec - St. Moritz 200 Women's Winter Boots, Graphite / Hawaiian, 4 B00G1KU93G Parent , Mustang Women's Boots Beige Beige (Ivory 243) B07G2ZLRRG ParentMan's/Woman's Jana 8-8-25330-21 Womens Booties B07G2Q873L Parent Reasonable price Upper material German Outlets , Skechers Women's Ankle Boot on-The-Go 2 Adapt 14616/BBK Black B06XBB19RZ ParentLotus Dorada Womens Long Boots B0749R62L2 Parent

Time limit is exhausted. Please reload CAPTCHA.

Mustang B01G7197IG Women’s 1233-502-55 Boots Ankle Boots Ankle B01G7197IG Parent 4773911 - salonsevendallas.com