Aust stocks stop see-sawing to stage comeback

Local market rises 1% in late trade in its second straight day of gains on Europe boost after a wildly volatile start to financial year.

Investors sent the Australian stock market soaring for the second straight session in thin trade after a wildly volatile start to the financial year, as markets gained across Asia on an uptick in eurozone sentiment. 

But gains were capped by investor caution ahead of a key US jobs report due overnight Friday that could put the possibility of a September start to US Federal Reserve stimulus tapering back in the spotlight.

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