Market Wrap - February 2024

Investors maintained a healthy appetite for risk in February,encouraged by a generally favourable set of financial results from listed companies in the US and Europe.
in Australia, headline inflation remained at an annual rate of 3.4% in January, still above the central bank’s target range. The Reserve Bank of Australia left the official cash rate unchanged at its meeting in early February, but indicated that further increases in borrowing costs cannot be ruled out if inflation proves sticker than expected. The market does not believe policy settings will be tightened any further and is still anticipating two rate cuts this year.

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