The Australian share market is powering ahead, boosted by mining companies and optimism that a government stimulus package in the US could speed up an economic recovery.
About 1:00pm AEDT the All Ordinaries Index was up 65 points to 3,754.
The ASX 200 has gained 67 points to 3,809.
Shares in BHP Billiton were up $1.16 to $32.86, while Rio Tinto's share price was up $3.56 to $46.98.
Investment bank, Macquarie Group was almost 8.5 per cent higher at $33.69 in what some analysts said was evidence of investors switching back to higher risk shares.
The Australian dollar was still trading near three month highs, at 72.12 US cents.
By ABC Australia
http://www.abc.net.au/news/stories/2009/01/07/2460850.htm?section=justin
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