The XJO is presently 50 points (+1.1%) in the green, holding at 4390.
The clear majority of sectors are in the green, with materials, energy, and industrials the strongest performers, whilst healthcare and telcos are the weakest links.
In company news, Leighton’s is up 2.5% after it announced that its subsidiary Thiess won a $154 million contract to build a pedestrian link in Sydney.
Elsewhere, Fortescue is in a trading halt after reports that it had requested a 12-month waiver on its debt covenants sent its share price plunging yesterday.
Around the region, Asian markets are all trading higher; the Hang Seng (+2.4%) and Nikkei (+1.5%) are amongst the best performers.