Thanks @shovel40, @Marketscan, @Fiji1 and morning crew.The share...

Thanks @shovel40, @Marketscan, @Fiji1 and morning crew.

The share market launched its strongest advance since mid-April as a regional relief rally swept financial markets after White House and Republican negotiators announced a deal to end the debt ceiling stand-off.

The ASX 200 rallied as much as 100 points in early trade before paring its advance to 80 points or 1.12%.

Ten of eleven sectors rose, led by REITs, materials and financials. The consumer discretionary sector was the only laggard following a double-digit dive in IDP Education.

Personal trading: Caught a chunk of the fleeting rebound in IEL and did not hang around long enough to find out what was going on. Appears to be related to regulatory changes in Canada affecting market share. Shameful that the company didn't ask for a trading halt to explain what it means, rather than allowing a bloodbath in an uninformed market. Too much of this stuff is allowed to go on. The company will get a "Please explain", tell the ASX they didn't think it was material information and there will be zero consequences.