The ASX200 has been down 0.2% at 8337 points in afternoon trade.
The Aussie unemployment rate fell to 3.9% in November, signaling an ongoing tight labour market, despite a slowing economy. More than 35,000 jobs were added to the economy in November, pushing the jobless rate below 4% for the first time since March.
Industrials has been the worst performing sector, down 1.1%, followed by Real Estate, down 0.9% and Telecommunication, down 0.6%. Energy has been the best performer, up 0.6%, followed by Information Technology, up half a percent (0.5%).
Company News
Syrah Resources (ASX:SYR) has been down 28% after declaring a force majeure at its Mozambique-based graphite play.
Syrah Resources has been 19 cents.
LTR Pharma (ASX:LTP) has been up 3.75% after launching an online men’s health platform to “facilitate the regulated prescription” of its nasal spray Viagra product.
LTR Pharma has been 62.3 cents.
GTI Energy (ASX:GTR) has been up 33% after increasing the mineral resource estimate (MRE) of its Lo Herma uranium project in Wyoming by 50% for a total of 8.57 million pounds (Mlbs). The project – located in Wyoming’s Powder River Basin – has been subject to drilling and staking work which enabled the resource boost.
GTI Energy has been four tenths of a cent ($0.004).