SYDNEY, AAP – The Australian share market has rallied after optimism in the US over corporate earnings.

The market on Wednesday has had its strongest day this week, up almost 0.9 per cent after almost all share categories rose.

Technology, materials and industrials shares fared best at 1200 AEDT.

BHP was higher by 1.7 per cent after it raised an offer to buy all the shares in Canadian copper and nickel miner Noront Resources.

The board of the Toronto Stock Exchange company urged shareholders to accept the offer of 75 Canadian cents per share.

BHP made its first offer in July of 55 Canadian cents per share.

The other major miners, Fortescue and Rio Tinto, were also higher by more than one per cent.

US stock indices closed higher with the biggest boosts from the technology and healthcare sectors as investors appeared to bet on solid quarterly reports.

Netflix closed marginally higher after quarterly results showed that Korean thriller Squid Game lured more customers.

Electric car maker Tesla is due for an earnings update in the next 24 hours.

Meanwhile in Australia, job ads in September rose 4.9 per cent, ending three months of decline.

The National Skills Commission figures were helped by the reopening of the NSW economy.

The benchmark S&P/ASX200 index was higher by 65.5 points, or 0.88 per cent, to 7440.4.

The All Ordinaries was up 64.9 points, or 0.84 per cent, to 7755.1.

Flight Centre has chosen not to forecast full-year profit given the uncertainty over travel.

Company leaders are counting on a rebound in demand to help achieve a return to profitability.

Boss Graham Turner said overseas holiday bookings had surpassed domestic ones for the first time since the start of the pandemic.

Shares were down about five per cent to $21.59.

Private hospital operator Ramsay Health Care noted that elective surgery in Sydney will be allowed from Monday.

However, coronavirus rules have been tightened in Melbourne. Only some elective surgery is allowed as health workers struggle with an influx of coronavirus patients.

Ramsay said the restrictions and costs of working in a COVID-19 environment would affect earnings.

Shares were little changed at $66.78.

The big four banks as well as Bendigo were all higher. Westpac was best and gained about one per cent to $25.74.

Online shopping trader Kogan closed inefficient warehouses and reduced costs during its first quarter.

Sales improved by 21 per cent on the same quarter last year but profit fell by one per cent.

Investors were convinced of progress and raised shares by more than 10 per cent to $12.05.

Beach Energy revealed oil production and sales fell during its first quarter.

The company produced four per cent less oil than in the previous quarter from its Western Flank operation at the Cooper Basin, South Australia.

Sales fell eight per cent despite being offset by higher prices.

Shares dropped about five per cent to $1.42.

The Australian dollar was buying 74.75 US cents at 1200 AEDT, higher from 74.57 US cents at Tuesday’s close.