The Aussie market is enjoying a strong session so far today with the local bulls running with the positive leads provided by markets overnight.

The gains are widespread, with every sector is positive territory.

Materials and energy plays are the best performers, whilst utilities, consumer discretionary and telcos are the hardest hit.

In economic news, the latest Melbourne Institute leading index of economic activity has shown that the Australian economy remains weak.

The index posted an annualised growth rate of 2.4% in February, below the long-term trend of 2.9%.

It was the sixth consecutive month with a below-trend reading.

In company news, BHP is up 2.2% after recording a 14% on-year jump in its March quarter iron ore production.

Elsewhere the Bank of Queensland has climbed 2.3% despite reporting a $90.6 million loss in 1H FY12, the result was already flagged by the company late last month.

Around the region, Asian markets all stronger; the Hang Seng is up 1.2% whilst the Nikkei is 1.7% stronger.

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Midday Market Analysis: Strong Session Today is a post from: Australian Stock Report Market Pulse Blog