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%