{"id":7306,"date":"2022-02-15T12:07:18","date_gmt":"2022-02-15T01:37:18","guid":{"rendered":"https:\/\/adelaideprivatewealth.com.au\/market-update-february-2022\/"},"modified":"2022-02-15T12:07:18","modified_gmt":"2022-02-15T01:37:18","slug":"market-update-february-2022","status":"publish","type":"post","link":"https:\/\/adelaideprivatewealth.com.au\/market-update-february-2022\/","title":{"rendered":"Market Update – February 2022"},"content":{"rendered":"
<\/strong><\/p>\n Highlights:<\/strong><\/p>\n Australia\u2019s 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%).<\/p>\n<\/li>\n Nonfarm payrolls rose 467,000 in January, well above of expectations of a 150,000 increase.<\/p>\n<\/li>\n Eurozone annual inflation rose to 5.3% amid continuing high energy prices.<\/p>\n<\/li>\n 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.<\/p>\n<\/li>\n<\/ul>\n Global economies<\/strong><\/p>\n Global Covid-19 cases continue to rise with numbers surpassing 380 million cases and ten billion vaccine doses administered as of the end of January.<\/p>\n US<\/strong><\/p>\n The Federal Reserve kept its policy rate unchanged at 0.00-0.25% at its January meeting and announced that with inflation well above 2% and a strong labour market, it expects it will soon be appropriate to raise the target range for the federal funds rate.<\/p>\n Europe<\/strong><\/p>\n The European Central Bank made no change to interest rates at its January meeting, holding them at 0.0%, and pledged to reduce its bond purchases this year despite the record rise in inflation.<\/p>\n China<\/strong><\/p>\n GDP rose 1.6% in Q4 2021, above the expected 1.1% rise, with the yearly rate also coming in ahead of expectations at 4.0%.<\/p>\n Asia Region<\/strong><\/p>\n The Bank of Japan left interest rates unchanged at -0.10% during its January meeting.<\/p>\n Australia<\/strong><\/p>\n The RBA left the cash rate unchanged at 0.1%, as widely expected, and decided to stop the A$275 billion bond-buying program with the final purchases to take place on February 10.<\/p>\n \u00a0<\/p>\n\n