The Aussie market is enjoying a solid if not spectacular session so far, with the XJO currently up 1.5%.
The gains are broad based, with every sector in positive territory; IT, healthcare and industrials are the standouts.
There isn’t much company news to speak of, the biggest story being that SABMiller is assembling a group to provide a multibillion-dollar syndicated loan so that they can have another tilt at taking over Foster’s.
Around the region, Asian markets are all trading higher; the Hang Seng is up 1.5% whilst the Shanghai Composite is up 0.7%.