The ASX200 has been up around 0.5% at 8,025 points.
Bank stocks have surged and dragged the market higher with the big 4 all outperforming and dragging the bourse higher.
In commodities, the gold price is fetching more than US$2500 an ounce and iron ore continues its decline towards US$90 per tonne.
Seven out of the eleven sectors are green with Financials leading the market higher, up 1.5%, followed closely by Utilities, up 1.4% and Discretionary 1.2%.
Energy has been the worst performing sector, down 1.6%.
Company News
Commonwealth Bank (ASX:CBA) has been up around 1.35% and has yet again broken its all time record in intra day trade.
CBA traded as high as $143.58, but has fallen back is now around $143.26.
Orthocell (ASX:OCC) has been flat after confirming the first sales of its collagen-based bone repair product Striate+ in Canada.
Orthocell has been unchanged at 39 cents.
Copper and gold explorer QMines (ASX:QML) has been up more than 12% on news maiden tests at its Develin Creek project in Queensland have indicated marketable concentrates of copper and pyrite.
QMines has been swapping hands at 8.3 cents.