Highlights;

  • Global equity markets were sharply lower in January

  • Oil price volatility was the dominate reason for the global uncertainties

  • China economic data marginally weaker but signs of stabilisation emerging

  • US economic data mixed but remains resilient

  • Eurozone economic activity shows continued improvement

  • The Bank of Japan (BOJ) introduces negative interest rates to provide further stimulus

  • RBA sees positive improvement in the economy as business credit growth continues to improve

  • RBA retains cash rate at 2.0%

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