- ASX200 is trading 0.62% lower at 7455.90 at lunchtime.
- Airtasker rallies on strong FY21 results including $26.6m revenue.
- The Reject Shop climbs on FY21 results including $22.5m cost savings.
The Australian market is trading lower again today, down 0.62% at 7455.90 at 12:30pm AEST as the metals and mining, and resources sectors plunge more than 4% each. Mineral Resources is leading the miner losses, down more than 9%, while BHP is trading more than 7% lower.
Australia?s unemployment rate dropped to a 12-year low of 4.6% unexpectedly for July. The ABS emphasised data should not be taken as a sign of strong economic recovery as the drop in unemployment was largely due to people falling out of the workforce as lockdowns restrict their ability to look for work.
The tech sector is rallying again today as Appen surges more than 4%, EML Payments climbs 3.45% and Wisetech Global is trading 2.83% higher.
Bitcoin is trading 0.05% lower over the last 24-hours at US$44,688.86 at 12:30pm AEST.
Online freelance job marketplace Airtasker is climbing today after releasing FY21 results that topped prospectus forecasts across key areas. For the 12-months, Airtasker reported a 38% revenue growth YoY to $26.6m, gross marketplace value up 35% YoY to $153.1m and a $5.5m operating cash flow.
Making headlines, the Reject Shop is also trading higher today after releasing FY21 results. The budget retailer reported net profit after tax of $8.3m, up 643% YoY, EBIT at $18.6m, up 99% YoY and cost savings of $22.5m.
And Walmart is on the hunt to hire a new senior director to develop digital cryptocurrency products including possible cryptocurrency payments, just a short time after Amazon announced its moving into the digital payment space.