The Australian market is trading higher heading into the afternoon session, with the XJO currently up 32 points (+0.7%), at 4312.
Resources companies are pacing today’s gains, with most sectors in positive territory.
However stocks have come off the session’s highs after China’s economy grew a slower-than-expected 8.1% during the previous quarter.
In company news, Transurban Group is up 0.3% after announcing that March quarter toll revenue increased by 5.1% from the prior corresponding period, to $230.6 million.
Elsewhere, Eldorado Gold has soared 8.9%, after outlining plans to expand gold production by roughly 160% over the next five years.
Regional markets are also enjoying solid gains, although most have come off earlier highs. The Hang Seng and Nikkei are both up over 1%, whilst the Shanghai Composite is flat.