Lonsec Market Commentary – March 2017
The Australian market powered on through March, returning 3.32% during the month, with all sectors gaining.
In the US, markets moved slightly higher, with the S&P 500 TG Index gaining 0.90% in AUD terms, while the Dow Jones Industrial Index was down 0.30%.
On 4 April, the RBA left the cash rate on hold at 1.5% where it has been since the August 2016 cut.
The unemployment figures for February showed an increase in employed persons of 5,200 in trend terms, although in seasonally adjusted terms employment fell by 6,400. The good news was the resumption of growth in full time employment, which rose 27,100 in seasonally adjusted terms, following January’s fall of 44,800.
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