Highlights;

  • Global equity markets continued to correct through February but stage an early March recovery

  • Oil prices staged a strong recovery from mid-February – up 37%

  • China economic data continued to consolidate and targets 6.5% minimum growth

  • US economic data continued to improve

  • Marginally weaker Eurozone economic data heightens the likelihood of further quantitative easing

  • Australian non mining sector continues a solid recovery – improved Q4 GDP

  • RBA retains cash rate at 2.0%

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