Aussie shares broke a three-session losing streak today, following on from a positive night for international markets.
European markets were buoyed by reports that as many as nine Greek pension funds have agreed to take part in the debt swap deal, paving the way for a forced uptake.
On the economic front, private employers in the U.S. created 216,000 jobs in February, exceeding expectations for a gain of 204,000.
Back home employment data revealed the jobless rate rose to 5.2% in February. The rate was in line with economists’ estimates.
The total number of people employed dropped by 15,400 in February, which was much worse than expectations of a gain of 5,000 jobs.
The results showed that part-time employment decreased by 15,400 people, whilst full-time employment remaining flat.
The result also increases the likelihood of a rate cut in April by the RBA.
Two-thirds of the sectors finished in positive territory. Energy stocks were the performers, helped by rising oil prices.
The major banks all advanced; CBA put on 0.8% while rival NAB climbed 1.5%.
The big miners gained ground after a mostly positive night for commodities. BHP advanced 0.7% whilst Rio Tinto added 0.4%.
Intrepid Mines was one the worst performers on the day, plummeting 12.3%.
The drop in the small miner was attributed to the Indonesian Government announcing it would curb foreign companies from owning more than 49% of mines in the country.
The ASX 200 rose 27 points (+0.7%), to settle at 4171.