Market Update February 2020
Welcome to the February edition of the Market Update
Markets enjoyed a reprieve from the US-China trade war, although the issue is expected to remain live as we near the US presidential election in November.
Geopolitical tensions gave way to the outbreak of the coronavirus, resulting in travel restrictions and quarantine measures imposed by the Chinese authorities.
The worst appears to have passed for the eurozone, but weakness in the German economy has been exacerbated by the disruption to global trade.
The Australian bushfires will be a drag on economic growth, but RBA Governor Philip Lowe said the effects will be temporary.
The UK officially left the EU on 31 January and will enter a transition period until the end of 2020, during which the government will need to secure a trade deal.
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