Lotus Womens Glitter Wedge Sandal Glitter in Navy Womens B07CT2CSPQ Wedge Parent 7eaa724 - 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.”

Lotus Womens Glitter Wedge Sandal Glitter in Navy Womens B07CT2CSPQ Wedge Parent 7eaa724

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 *

Jana Women’'s 27303 Wedge Heels Sandals B01N8WD0ZH Parent , Bloch 407 Greek Sandals Various Colours B003D5ORBW Parent , Wrangler Womens Navy Cross Strap High Wedge Sandal B07CJ7SNJG Parent , Women'S Sandals Shallow Mouth High Heel Sandals Summer Women'S Sharp Points Are Slim And Comfortable. B07DJPBVPK Parent , Tamaris Women’s 28384 Ankle Strap Sandals B078T33T2L ParentSoft Line Womens Navy Patent Slingback Shoe B00JXGM4K6 Parent , Mallimoda Women's Summer Beach Sandals Slip On Slippers Pool Shoes B07BKWY2YD ParentMarco Tozzi Women’s 28504 Sling Back Sandals, Blue B077SX9ZNM Parent , AARZ LONDON Women Ladies Sparkly Crystal Diamante Evening Wedding Party Bridal Prom High Heel Sandals Shoes Size B07D9RDZWX Parent , Birkenstock Unisex Adults' Gizeh Eva T-Bar Sandals B01HNLWRJA Parent , Womens The North Face Base Camp II Slides Summer Beach Lightweight Sandal B074KQGHR4 Parent , Tommy Hilfiger Women’'s Gabora Flat Sandal B01MR50TRR Parent , Crocs Women Sloane Platform Flip Flops B074FV3DHS ParentLunar Women's JLH780 Cally Floral Wedge Sandal in Black, White, Beige, Pewter, Rose Gold Bronze,3,4,5,6,7,8 B01CCY6DKM ParentMARCO TOZZI Women’'s 28102 Ankle Strap Sandals B077SN2RJ4 ParentLISA. Low Kitten Heel Open Toe Sling Back Diamante Shoe B01ARUOXGY Parent , s.Oliver Women’'s 28305 Sling Back Sandals B07771GWVQ Parent , Tilly London Ladies Sexy Black Pointy Toe Wide/Slim Nylon Lycra Stretchy Thigh Over The Knee High Stilleto Heel... B0792XJBFR Parent , Wear & Walk UK W&W Women Ladies Diamante Slip On Block Heel Wedding Party Evening Bridal Shoes Sandals Size (RIVO) B0199TFZR0 Parent , Cocorose Foldable Shoes - Ballet Pumps, Boots, Trainers, Sandals - Samples! B07BHT6R3T Parent , Elegantpark HC1404 Women Pointy Toe Sandals High Heels Slingback Bow Satin Wedding Party Court Shoes B00KW5I9VA Parent , Aldo Women’s Etiewen Ankle Strap Sandals B076VVJVWF Parent , CASSIS COTE D'AZUR Women’s Brutus Sling Back Sandals B0787JNH1Q ParentMarco Tozzi Women’s 28316 Ankle Strap Sandals B077SMHZDL ParentRock on Styles New Diamante Black Ankle Strap Platform Wedge MID HIGH Heel Party Prom Evening Bridal Sandals Shoes... B01B4YTTKC Parent , Dorothy Perkins Women’s Riley Open Toe Sandals B07BBZFR7B Parent , Marco Tozzi Women’s 28139 Ankle Strap Sandals B077SMJYKW Parent , MARCO TOZZI Women’'s 28124 T-Bar Sandals B077SMGTBV Parent , Birkenstock Women’'s Arizona Heels Sandals B00LFCLJ70 Parent ,

Time limit is exhausted. Please reload CAPTCHA.

Lotus Womens Glitter Wedge Sandal Glitter in Navy Womens B07CT2CSPQ Wedge Parent 7eaa724 - salonsevendallas.com