The Aussie market is above water heading into the afternoon session, with the XJO currently 0.5% stronger on the day.

Most sectors are stronger, with IT and consumer discretionary plays amongst the best, whilst energy and materials are struggling.

In company news, BHP released its September quarterly report today in which Pilbara iron ore shipments rose to a record annualised rate of 173 million tonnes – the expectation was for a rate of 165 million tonnes.

In other news, CSL has announced plans to buy back up to $900 million of its shares whilst at the same time reaffirming its earlier profit guidance.

Around the region, Asian markets are all trading higher; the Hang Seng is up 1.1%, whilst the Nikkei is 0.6% stronger.