In the context of the huge gains we saw on markets last night, the Aussie market has produced fairly muted gains so far today.
The XJO is currently 0.2% stronger, trading around 4355 off a high of 4418.
The gains are fairly widespread, with most sectors in positive territory; IT and financials are the strongest performers.
Big gainers on the day include PMP Limited (PMP) which is up 20% and Murchison Metals (MMX) which is 7% stronger.
Around the region, Asian markets are outperforming the Aussie market; the Hang Seng is up 2.4% whilst the Shanghai Composite and Nikkei are up approximately 1.5% each.