Australian stocks jumped in early trade.
The market was being driven by the big miners, BHP and Rio Tinto, which were investor favourites in London overnight. On Wall Street the S&P500 was up 0.8%.
On the local market, all ten sectors were higher.
BHP was up 3.17% to $25.03 and Rio 3.49% to $54.00.
The bank of Queensland jumped 6.5% to $12.37 on the back of better than expected full year profits.