The Aussie market is enjoying strong gains so far today, currently trading 50 points (+1.1%) higher at 4245.
The gains are broad based, with every sector in the green.
Healthcare and industrials are leading the charge higher, whilst consumer discretionary and energy staples are the laggards.
In company news, ratings agency Fitch has downgraded Macquarie Group’s credit rating from A to A-. However this seems to have had no affect on the share price, with the stock trading 1.4% higher.
Around the region, Asian markets are mainly stronger; the Hang Seng and Nikkei are up approximately 1%, whilst the Shanghai Composite is down 0.2%.