Markets Key Themes
- AUS data was solid last week (but maybe some of it was old news at the margin)
- RBA's version of forward guidance – rates firmly on hold
- Stocks power on to new highs...What risk aversion? Sellers might have to wait until May.
- US and global data was pretty good which was a relief.Expectations grow for a further improvement as the weather effects diminish.
- China data and corporate bond default remain a possible concern for markets.