ASX slouches after unemployment jump\, mixed Chinese data

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ASX slouches after unemployment jump, mixed Chinese data

Summary

  • The ASX 200 is down 0.9%, having gained 1.9% on Wednesday
  • Victoria recorded 317 new coronavirus cases, the biggest daily increase so far. Two men in their 80s have died. 
  • Unemployment rose to a 22-year high 7.4% in June with nearly 1 million Aussies out of work
  • China's Q2 GDP grew by 3.2% but retail sales slumped unexpectedly

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