{"id":72267,"date":"2026-04-16T03:24:44","date_gmt":"2026-04-16T03:24:44","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/04\/16\/australian-market-slips-to-modest-losses-in-mid-market-8\/"},"modified":"2026-04-16T03:24:44","modified_gmt":"2026-04-16T03:24:44","slug":"australian-market-slips-to-modest-losses-in-mid-market-8","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/04\/16\/australian-market-slips-to-modest-losses-in-mid-market-8\/","title":{"rendered":"Australian Market Slips To Modest Losses In Mid-market"},"content":{"rendered":"
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The Australian market is slipping to modest losses in mid-market moves on Thursday after opening in the green, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P\/ASX 200 is falling to near the 8,950 level, with weakness in gold miners, energy and financial stocks partially offset by strong gains in technology<\/span> stocks.<\/p>\n

The benchmark S&P\/ASX 200 Index is losing 14.10 points or 0.16 percent to 8,964.60, after touching a high of 9,017.20 and a low of 8,950.70 earlier. The broader All Ordinaries Index is down 0.40 points or 0.00 percent to 9,180.70. Australian stocks ended slightly higher on Wednesday.<\/p>\n

Among major miners, Rio Tinto is edging down 0.2 percent and BHP Group is losing almost 1 percent, while Mineral Resources is gaining more than 2 percent and Fortescue is adding almost 1 percent.<\/p>\n

Oil stocks are mostly lower. Beach energy and Woodside Energy are losing more than 1 percent each, while Santos is declining almost 2 percent. Origin Energy is gaining more than 1 percent.<\/p>\n

In the tech space, Afterpay owner Block is gaining more than 2 percent, Xero is advancing almost 7 percent and WiseTech Global is jumping almost 9 percent, while Zip and Appen are surging more than 8 percent each.<\/p>\n

Among the big four banks, Westpac and National Australia Bank are losing almost 2 percent each, while ANZ Banking is edging down 0.3 percent and Commonwealth Bank is down almost 1 percent.<\/p>\n

Among gold miners, Resolute Mining is slipping more than 1 percent, Newmont is sliding more than 5 percent and Evolution Mining is losing almost 5 percent, while Northern Star Resources and Genesis Minerals are down almost 2 percent each.<\/p>\n

In economic news, the unemployment rate in Australia came in at a seasonally adjusted 4.3 percent in March, the Australian Bureau of Statistics said on Thursday – unchanged and in line with expectations.<\/p>\n

The Australian economy<\/span> added 17,900 jobs last month, the bureau said – shy of expectations for a gain of 19,100 following the gain of 48,900 in the previous month.<\/p>\n

The participation rate slipped to 66.8 percent from 68.9 percent a month earlier. Unemployed people decreased by 100 to 655,600, while youth unemployment climbed to 10.1 percent.<\/p>\n

In the currency market, the Aussie dollar is trading at $0.719 on Thursday. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n