Observations from February
Equity markets in both Australia and the US recorded their fourth straight month of gains. Outside of the well-documented US technology sector, Japanese shares continue to lead the way with the equity market (Nikkei 225) crossing new record highs last seen in 1989.
Locally, a ‘better than feared’ earnings season, softer inflation and positive global leads assisted performance. The strongest sectors within the ASX 200 were Consumer Discretionary and Information Technology, whilst Energy was the worst performer.
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