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%