Highlights;
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Global equity markets continued to correct through February but stage an early March recovery
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Oil prices staged a strong recovery from mid-February – up 37%
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China economic data continued to consolidate and targets 6.5% minimum growth
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US economic data continued to improve
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Marginally weaker Eurozone economic data heightens the likelihood of further quantitative easing
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Australian non mining sector continues a solid recovery – improved Q4 GDP
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RBA retains cash rate at 2.0%