The ASX200 has been up 0.3% at 8,220 points after hitting an new all time high of 8,246 in intra-day trade. The Aussie bourse followed US Indices higher, after the S&P 500 broke through 5,700 points, the Dow topped 42,000 for the first time and the Nasdaq jumped 2.5%. Gold has approached record levels and the oil price spiked around 1% on increased expectations the US rate reduction will spur economic activity and drive demand for energy. All Australian sectors are green, and IT has been leading the charge, up 1.25%, followed closely by Discretionary 0.9% and Energy 0.67%. Financials has been the poorest performing sector, and is trading flat.