A nice technical win for the ASX 200 with the index nudging up to a 6 year high.
The index added 0.2% on Monday following positive leads from the United States, in spite of heightening geopolitical concerns following events over the Ukraine.
Banks were largely unchanged but it was a strong day for insurance companies, notably QBE adding 2% during the trade.
Mining shares weakened in the face of sliding iron ore prices.
On an accumulation basis with dividends included, the market has recovered from its financial crisis crash and is now moving into new highs territory.
Fundamentally, the Aussie economy is still looking quite weak.
Markets are on balance expecting a further helping hand from monetary policy, with a rate cut looking more likely than not.