05.04.201302:05:34UTC+00Australian stocks advances as banks steps back

Australian stocks soared early Friday trading action ahead of the U.S. jobs report, with the S&P/ASX 200 moved a notch at 4,915.70. Miners traded greater after metal futures surged overnight in London, with BHP Billiton Ltd. and Rio Tinto Ltd. each boosting 1.7%, while Fortescue Metals Group Ltd. increase 1.6%, and Newcrest Mining Ltd. drifts  2.2% after the sector dropped sharply in the previous session. The strength in the minerals space offset weakness in financials, where Commonwealth Bank of Australia gave up 0.8%, Macquarie Group Ltd. surrendered 0.5% and Westpac Banking Corp. traded 0.4% lower.