The last week of February saw a significant market correction, (the 7th largest one day correction in 10 years), on weaker US economic data and questions over the sustainability of Chinese growth. The flight to safety saw bond yields fall sharply boosting the return of fixed interest markets. Australian equities finished the month in positive territory underpinned by Merger and Acquisition activity and a robust (although weaker than previous periods) profit reporting season. Australian listed property did not benefit from the flight to safety and was the second worst performing sector.
26th-March-2007 | 