\n<\/p>\n
The Australian market is extending early gains in mid-market moves on Thursday, reversing some of the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P\/ASX 200 is moving above the 8,600 level, with gains in financial stocks and a mixed performance in all other sectors.<\/p>\n
The benchmark S&P\/ASX 200 Index is gaining 63.80 points or 0.75 percent to 8,625.60, after touching a high of 8,629.20 earlier. The broader All Ordinaries Index is up 60.30 points or 0.68 percent to 8,876.70. Australian stocks ended significantly lower on Wednesday. <\/p>\n
Among major miners, BHP Group and Rio Tinto are gaining more than 1 percent each, while Fortescue Metals is edging up 0.1 percent. Mineral Resources is losing almost 1 percent. <\/p>\n
Oil stocks are mostly lower. Santos is edging up 0.1 percent, Beach energy is gaining almost 1 percent and Origin Energy is adding 1.5 percent, while Woodside Energy is edging down 0.2 percent<\/p>\n
In the tech space, Zip is edging down 0.5 percent, WiseTech Global is down almost 1 percent and Appen is losing more than 3 percent, while Afterpay owner Block is surging more than 5 percent and Xero is advancing almost 2 percent.<\/p>\n
Among the big four banks, Commonwealth Bank, ANZ Banking and Westpac are gaining more than 1 percent each, while National Australia Bank is edging up 0.5 percent.<\/p>\n
Among gold miners, Northern Star Resources is edging up 0.2 percent, Gold Road Resources is adding almost 1 percent and Newmont is advancing almost 2 percent, while Evolution Mining is edging down 0.3 percent and Resolute Mining is losing more than 1 percent.<\/p>\n
In economic news, the jobless rate in Australia came in at a seasonally adjusted 4.3 percent in June, the Australian Bureau of Statistics said on Thursday. That was above expectations for 4.1 percent, which would have been unchanged.<\/p>\n
The Australian economy<\/span> added 2,000 jobs last month, well shy of forecasts for a gain of 21,000 following the loss of 2,500 jobs in May. The participation rate was 67.1 percent, topping forecasts for 67.0 percent, which would have been unchanged.<\/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