February 2016 Market Update

/February 2016 Market Update

February 2016 Market Update

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.

If you have any questions regarding this report or would like to discuss your portfolio, please contact me directly.


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Any advice in this communication has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on any advice, consider whether it is appropriate to your objectives, financial situation and needs.
GWM Adviser Services Limited ABN 96 002 071 749 trading as Garvan Financial Planning, registered office 105 – 153 Miller Street North Sydney NSW 2060, is an Australian Financial Services Licensee and member of the National Australia Bank group of companies. From time to time Garvan Financial Planning, members of the National Australia Bank group of companies, associated employees or agents may have an interest in or receive pecuniary and non-pecuniary benefits from the financial products and services mentioned herein.

2016-02-19T07:14:26+00:00 February 19th, 2016|Market updates|