Lonsec Market Commentary – February 2016
The Australian market continued to trend down in February, with the S&P 300 Accumulation Index down 1.72% over the month. Telecommunications, Information Technology and Financials were all down, while Resources and Materials recovered some lost ground.
While volatility remains an issue in Australia (as well as internationally), consumer sentiment rose in February. Retails sales also grew, albeit less than was expected.
The RBA kept interest rates on hold again and provided no clear indication as to whether they plan to make changes in the near future.
For more of the domestic and international economic news for February you can read the full Lonsec Market Commentary here:
Lonsec Market Commentary – February 2016
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