On the back of strong leads from international markets last night, the Aussie market is having another solid session so far today.

The XJO is currently 40 points (+1%) above water with every sector trading in positive territory.

IT, energy and consumer discretionary plays are leading the move higher, whilst the defensive consumer staples, healthcare and telco sectors are lagging.

In company news, SABMiller's $9.9 billion bid for Foster's Group has been approved by the ACCC with the regulator saying it won't oppose the takeover.

Around the region, most Asian markets are trading higher with the Nikkei and Shanghai Composite up slightly in early trade.