Lonsec Market Update

Market Update – February 2022

This month:

  •  Australia’s S&P/ASX 200 Index declined by -6.4% with significant sell-offs experienced in Information Technology (-18.4%), Health Care (-12.1%) and Consumer Staples (-9.6%).
  • Nonfarm payrolls rose 467,000 in January, well above of expectations of a 150,000 increase.
  • Eurozone annual inflation rose to 5.3% amid continuing high energy prices.
  • The RBA kept the cash rate on hold at 0.1% and will cease its $4-billion-a-week bond-buying stimulus program in early February.

Read the full Market Update prepared by Lonsec here.

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