The Aussie market is faring well so far today, with the XJO currently trading 1.4% above water.

Every sector is in positive territory with financial, energy and material plays leading the charge higher.

In company news, Myer is trading more than 2% higher despite reporting a small drop in fiscal 2011 profit before the bell this morning.

Around the region, Asian markets are all trading higher; the Hang Seng is up 1% whilst the Nikkei is 1.7% stronger in early trade.