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The ASX200 sharply higher; Zip Co rallies on Microsoft deal; Treasury Wines soars on sustainability report

Highlights
  • The ASX200 is trading 1.46% higher at 7302 after lunchtime.
  • Zip Co rallies on new agreement with Microsoft for tech integration.
  • Treasury Wines soars on sustainability report for 2021, ?net zero? by 2030.

The Australian market is trading sharply higher today, up 1.46% at 7302 points after lunchtime as every sector except the gold miners trade in positive territory. Energy and financial stocks are leading gains today, with Orica limited trading 15.28% higher at the time of writing as the session?s leading stock.

The tech sector has overturned a turbulent start to the week to trade slightly higher today as Codan surges more than 5.5%, Altium is up more than 2% and EML Payments is trading 2.13% higher.

Bitcoin is trading 3.18% higher over the last 24-hours at US$43,091.45 at 12:30pm AEST after Tesla CEO Elon Musk said the US government should avoid regulating the crypto market in fear of regulations ?slowing down its advancement?.

Investors are buying into Zip Co shares today after the buy now, pay later provider announced a new agreement with tech leader Microsoft. Under the agreement, Zip?s technology will be integrated into shopping experiences within Microsoft Edge, with shippers having Zip?s payment option at the checkouts.

Making headlines, Treasury Wines is soaring today after the company released its sustainability report for 2021. The report highlights the company?s target to reach 100% renewable energy by 2024, reach ?net zero? by 2030, and 100% of product packaging to be recyclable, reusable, or compostable by 2022.

And Skittles is bringing back the lime flavoured lolly after 8-years to bring the original rainbow lolly line up back to its popular product.