Global Markets Review - February 2019

Global Markets Review - February 2019

Mar 03, 2019 admin Australian economy, Equity, Fixed Income, news 0 Comment

  • Markets were buoyed with ongoing talks between economic superpowers US and Chinese which were likely to reach an agreement on trade. Chinese stocks returned a whopping 13.8% for the month.
  • Global bond yields rose on higher inflation expectations from higher oil prices.
  • The RBA maintained a 1.5% cash rate. This rate has been stable since 3rd August 2016.
  • Steady global growth and supply disruptions in iron ore helped boost our mining sector. Iron names like FMG rallied 12%, and Banks had a relief rally after the release of the final recommendations of the Royal Commission. Consumer Staples fell after a poor result from Coles. Overall, the ASX200 added almost 6% (including franking) to levels last seen in September 2018.

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