Lonsec Market Update

Market Update – March 2022

This month:

  • 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 crude to pass the $100 per barrel barrier.
  • The RBA kept the cash rate on hold at 0.1% and expects inflation to rise on the back of higher petrol and energy costs.

Read the full Market Update prepared by Lonsec here.

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