
Global markets struggled this week as concerns over economic growth and inflation weighed on sentiment. The Reserve Bank of Australia (RBA) cut rates by 25bps to 4.10%, its first cut since November 2022. While expected, the RBA maintained a hawkish stance, signalling caution over further easing. The ASX 200 fell 3.0%, its worst weekly loss since September 2022, with financial stocks down 7.5% following weak earnings results. The February reporting season has been mixed, with banking and mining sectors underperforming, while market volatility remains elevated.
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