\n<\/p>\n
The Australian market is slipping in to the red in mid-market moves on Thursday after opening in the green, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P\/ASX 200 is staying below the 8,550 level, with weakness in mining and energy stocks partially offset by some gains in financial and technology<\/span> stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is losing 10.50 points or 0.12 percent to 8,520.70, after touching a high of 8,536.00 and a low of 8,504.70 earlier. The broader All Ordinaries Index is up 17.00 points or 0.19 percent to 8,740.90. Australian stocks ended slightly lower on Wednesday. <\/p>\n Among major miners, BHP Group is losing 1.5 percent and Rio Tinto is declining almost 2 percent, while Mineral Resources and Fortescue Metals are down more than 1 percent.<\/p>\n Oil stocks are mostly lower. Woodside Energy and Santos are edging down 0.3 to 0.4 percent each, while Origin Energy is losing more than 2 percent. Beach energy is edging up 0.2 percent.<\/p>\n In the tech space, Afterpay owner Block is gaining almost 1 percent, Zip is adding almost 1 percent and Appen is surging more than 8 percent, while Xero is edging down 0.5 percent and WiseTech Global is losing almost 2 percent.<\/p>\n Among the big four banks, Commonwealth Bank and National Australia Bank are gaining almost 1 percent, while Westpac is adding almost 2 percent. ANZ Banking is edging down 0.4 percent.<\/p>\n Among gold miners, Northern Star Resources is losing almost 1 percent, Newmont is edging down 0.1 percent, Evolution Mining is declining almost 5 percent and Resolute Mining is sliding more than 10 percent. Gold Road Resources is edging up 0.3 percent.<\/p>\n In the currency market, the Aussie dollar is trading at $0.648 on Thursday. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n