The Aussie market is flying today, despite the lacklustre leads provided by Wall Street overnight.

All but one sector is in positive territory, with IT, consumer staples, and financials leading the way. Healthcare is the laggard.

In company news, Woodside reported results earlier this morning, booking a 3.6% increase in 1H underlying profit. The stock is up 1% on the news.

In economic news, the Melbourne Institute leading index reading came in at 1.6% in June, below its long-term trend of 3%.

If was the second month a row that the index has printed a reading of 1.6%.

Around the region, Asian markets are mixed; the Hang Seng is up 1% whilst the Nikkei is down 1%.