International markets collectively rallied over the last 24-hours, with green ink lighting up the leaderboard.

In Europe the FTSE added 57 points (+1%), whilst the CAC (+1.3%) and DAX (+0.6%) also enjoyed positive sessions.

In the US the Dow Jones put on 102 points (+0.8%) to settle at 12170, whilst the S&P 500 and Nasdaq gained 1.2% each.

The euro rose against the greenback for the first time in three sessions after Italian Prime Minister Silvio Berlusconi offered to quit once the Italian Parliament approves austerity plans.

The Canadian dollar gained for a second consecutive session against the US dollar amid demand for higher-yielding assets.

Crude oil touched a three-month high, adding US$1.28 to settle at US$96.80 a barrel, whilst gold slipped at touch, shedding 0.3% to settle at US$1787 an ounce.

In company news, CSR has reported a 14% rise in 1H11 underlying profit to $50.6 million. An interim dividend of 6 cents was declared.

Today's session will bring us local data in the form of Westpac consumer sentiment (10:30am, AEDT) and home loans (11:30am, AEDT).

We will also receive Chinese CPI data at 12:30pm, AEDT, which could have a big impact on the local action.

Click Now to Receive FREE Trading Recommendations for the next 7 Days!

Morning Market Analysis: Bulls Extend Gains is a post from: Australian Stock Report Market Pulse Blog