Which key events have been driving markets? Watch this video with Senior Economist Bob Cunneen to find out.
Market Update – March 2022
By upwealth
In
Economic Update
Highlights: Australia’s S&P/ASX 200 Index returned 2.1% with Energy (+8.6%), Consumer Staples (+5.6%), and Materials (+5.2%) posting solid returns. Information Technology continued to be challenged with a decline of -6.6%. Nonfarm payrolls rose 678,000 in February, well above of expectations of a 400,000 increase. The war in Ukraine exacerbated stock market volatility and caused Brent…
Statement by Philip Lowe, Governor: Monetary Policy Decision – March 2022
By upwealth
In
Economic Update
At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent The global economy is continuing to recover from the pandemic. However, the war in Ukraine is a major new source of uncertainty. Inflation in parts of the world…