The ASX200 rose by as much as 0.5% on Thursday to its highest since the markets were savaged by the coronavirus.
The materials, health, tech, and energy sectors were strong.
Wall Street retreated after the US Fed kept interest rates and its monthly bond-buying program steady. Futures are however pointing to strong gains tonight, with the S&P E-mini up 0.6%, the Dow 0.3% higher, and the Nasdaq up 0.9%.
Iron ore prices cooled from record highs overnight, shedding 1.4% to $US192.52 a tonne. Oil prices were higher and gold was flat.
Woolworths’ cancellation of its Darwin Dan Murphy’s plans comes as the grocery giant also unveiled a set of weaker-than-expected third-quarter numbers. Shares were 3.5% lower in early trade.
Rich lister Raphael Geminder’s bid to take over health and skincare retailer McPherson’s has been derailed after pharmaceuticals giant Arrotex lobbed a higher competing bid.