| michael kors outlet |
Australian shares jumped 1 per cent to a fresh 15-month high.
South Korean shares opened up 0.3 per cent and Japan's Nikkei
average rose 0.9 per cent to its highest in nearly three
weeks.
US housing starts surged 15 per cent in September, the
fastest pace in over four years, bolstering sentiment that
had already perked up on a fall in the US jobless rate and
strong retail sales.
That lifted Wall Street despite concerns that sluggish world
economic growth has meant corporate America's year-long
streak of profit growth could be nearing an end.
According to Thomson Reuters data through Wednesday
afternoon, quarterly earnings for the Standard & Poor's 500
index components will now likely fall 1.7 per cent from a
year ago, better than a 2.3 per cent drop forecast earlier.
In Europe, equity markets also rose on Wednesday, continuing
to draw support from hopes that Spain will ask for an
international bailout and ease jitters over the country's
ability to manage its huge debts.
China's third-quarter gross domestic product is due around
0200 GMT.
It will likely show the world's second-largest economy slowed
for a seventh straight quarter, missing the government's
target for the first time since the depths of the global
financial crisis and possibly signalling still worse to come.
