Australia shares rise 0.7 pct after 3 sessions of falls

April 16, 2015 6:26 AM

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SYDNEY, April 16 (Reuters) - Australian shares rose 0.7 percent on Thursday as gains in financials, materials and energy stocks pushed the index higher although better-than-expected local jobs data lessened the chance of a rate cut in May.

The S&P/ASX 200 index rose 39.08 points to 5,947.5 at the close of trade, after falling for three consecutive sessions. The benchmark came off the day's highs of 5,970.8 points after the jobs data.

Also read: U.S. Nonfarm Payrolls Rose 178,000 in November; Unemployment Rate Falls to 4.6%

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