Summary

• The ASX 200 was down 0.8% in afternoon trade as the market digests earnings season results. Asian markets are mixed and US futures are flat
• Early gainers include AMP, Treasury Wines, Premier Investments, Flight Centre and QBE as investors cheered profit results and forecasts 
• Companies in the doldrums include telco giant Telstra, AGL, and Breville Group. The big banks are also lower after a strong session on Wednesday. 
• The unemployment rate rose from 7.4% to 7.5% in July. While 115,000 jobs were added, the number of people out of work rose above 1 million