Nike Women's Parent Wmns AF1 Upstep LOTC QS, QS, BLUR AF1/BLUR-BLACK Parent B01KJ4WQLW f2fc489 - 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.”

Nike Women's Parent Wmns AF1 Upstep LOTC QS, QS, BLUR AF1/BLUR-BLACK Parent B01KJ4WQLW f2fc489

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 *

Xue Qiqi Single shoe tip light-single shoes female solid color slim and trendy atmosphere light panel Parent B07D79LZSD , Bornran Women's Mesh Woven Lightweight Slip-On Platform Braided Shoes Breathable Comfort Sports Water Sneakers Parent B07D1KBNQSCFP Womens Lovely Printed Professional Latin Practice Dance-shoes Comfort Prom Wedding Parent B01HP5PHIMT.T-Q Kids' Dance Shoes Paillette Heels Flat Heel Indoor Silver Parent B07FQP1D3ST.T-Q Women's Profession Dance Shoes Yellow Parent B07FYC8VBL , Asics Unisex Adults' Gel-Lyte III Low-Top Sneakers Parent B018S6BYPMT.T-Q Women's Profession Dance Shoes Black Parent B07FYCXXCK , ShangYi Women's Shoes Chunky Heel Open Toe Slippers Dress Silver/Gold Parent B01FZJMIRIWXMDDN Latin dance shoes children's adult dance shoes blue indoor style dancing shoes soft soles show shoes four... Parent B07799TJ51T.T-Q Women's Profession Dance Shoes Purple Parent B07FYC5RLD , adidas Originals Women's Shoes | ZX Flux PK Fashion Sneakers, Maroon/Light Maroon/White, (5.5 M US) Parent B01HJ8Z8M0T.T-Q Women's Profession Dance Shoes White Parent B07FYCQPFXadidas Originals Women's Shoes | ZX Flux PK Fashion Sneakers, Maroon/Light Maroon/White, (7.5 M US) Parent B01HJ8Z3OSadidas Originals Women's ZX Flux PK Fashion Sneaker, Maroon/Light Maroon/White, (11 M US) Parent B01HJ8Z6D6 , adidas Originals Women's ZX Flux PK Fashion Sneaker, Maroon/Light Maroon/White, (9.5 M US) Parent B01HJ8ZD7K , adidas Originals Women's Shoes | ZX Flux PK Fashion Sneakers, Maroon/Light Maroon/White, (8.5 M US) Parent B01HJ8ZAF0RTRY Women'S Sandals Comfort Pu Summer Casual Comfort Ruby Army Green Black 2In-2 3/4In Parent B074DVHY22adidas Originals Women's Shoes | ZX Flux PK Fashion Sneakers, Maroon/Light Maroon/White, (5 M US) Parent B01HJ8Z4VK , Qingchunhuangtang@ Flip flats, slippers, sandals, sandals, flat and cool slippers Parent B07CD8LRTSadidas Originals Women's Shoes | ZX Flux PK Fashion Sneakers, Maroon/Light Maroon/White, (9 M US) Parent B01HJ8ZCB2 , FLYRCX Summer ladies thick sandwiched people word slippers casual beach slippers slippers Parent B074WBH68TWomens/Ladies Platform Shoes Summer Canvas Air Cushion High-heeled Shoes Vintage Fashion Breathable and Lightweight Parent B073XGRJ1S , Monie Women's Flower-Shaped Salsa Ballroom Latin Tango Dance Shoes 3 inch Flare Heel Brown Parent B01GVNA7CK , Skechers Go Walk Joy - 15615, Women’s Sneaker Parent B075386T5S , Miyoopark Ladies Stiletto Strappy Glitter Latin Dance Sandals Wedding Shoes MY-L069 Parent B01N690RL4 , Laufsteg München Fs162001g, Women’s Low-Top Sneakers Parent B017383A58Skechers Women's Go Run Ultra R 2 Running Shoes - AW18 Parent B07BMGB12Cadidas Originals Women's Shoes | ZX Flux PK Fashion Sneakers, Maroon/Light Maroon/White, (10 M US) Parent B01HJ8ZBAE , DKNY Cindy Sneaker Wedge Trainers Brown Parent B076K1ZT6D ,

Time limit is exhausted. Please reload CAPTCHA.

Nike Women's Parent Wmns AF1 Upstep LOTC QS, QS, BLUR AF1/BLUR-BLACK Parent B01KJ4WQLW f2fc489 - salonsevendallas.com