The Aussie market is flying so far today, with the XJO presently 50 points (+1.3%) in the green, holding around 4175.
The gains are widespread, with every sector in the green; energy, consumer staples and materials stocks are the best performers.
In company news Santos has climbed 3.6% after reporting that 2Q revenue rose 18% on year to $739 million.
Also in the energy space, Woodside Petroleum has jumped 6.6% after recording a 2Q revenue of $1.43 billion, a 14% rise on previous corresponding period.
Around the region, Asian markets are all trading higher; the Hang Seng (+1.7%) and Shanghai Composite (+0.9%) are amongst the strongest performers.
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Midday Market Analysis: Aussie On Fire is a post from: Australian Stock Report Market Pulse Blog