Welcome to the February edition of the Market Update.
Global equity markets were sharply lower in January, with oil price volatility the dominate reason for global uncertainty.
US economic data was mixed but remains resilient, whilst the Bank of Japan introduced negative interest rates to provide economic stimulus.
In the Eurozone economic activity showed continued improvement whilst China economic data was marginally weaker – but there are signs of stabilisation emerging.
Back home there’s been an improvement in the economy as business credit growth continues to improve and the Reserve Bank retained the cash rate at 2.0% at the February meeting.
We hope you find the short summary useful in keeping you informed.