At home the major banks helped drive the market higher; NAB led the way with a 2.7% rise.
Investment Bank Macquarie jumped 2.9% after reports revealed that it may be selling its retail lending business to concentrate on investment banking.
The big miners climbed higher amid stronger commodities; Rio Tinto recorded a 2.5% gain, whilst rival BHP advanced 3% after it sold its stake in one of two diamond operations in Canada.
Retailer Billabong raced up 10.2%, regaining some of the massive losses from earlier in the week.
The ASX 200 surged 86 points (+2.1%), settling at 4140.