The Aussie market is enjoying solid gains so far today with the XJO presently 30 points (+0.6%) in the green, at 4320.
The local bulls are running with the leads provided by international markets overnight, sending most sectors higher.
Financials are leading the charge, on the back of a near 2% jump in CBA. WBC (+1.3%) and NAB (+1.3%) are also performing well.
Energy and consumer staples are also amongst the top performers whilst utilities are struggling.
In company news, Stockland group has dropped 3.8% after announcing a 35% fall in statutory profit for FY12.
Elsewhere, Computershare has jumped 5% after reporting a 41% decline in FY12 net profit, but guiding for growth in FY13.
Around the region, Asian markets are all stronger; the Nikkei (+1.6%) and Shanghai Composite (+0.3%)