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The S&P/ASX 200 ended the February reporting season in the negative, down 2.8% over the month.
All sectors closed in the red during Friday's session, with the local market closing down 1.2% to 8,172.4 points.
Trump's tariff confirmation notably created a downturn among miners with BHP receding 2.5%. The US President hinted at an extra 10% levy on Chinese imports.
The consumer space also suffered losses today, as big names were reporting. Endeavour dropped 7.1% with net profit 15% lower in the half. However, Harvey Norman lifted its half year profit by almost 40% to just under $280 million -- on the back of higher revenue from its franchises. HVN shares rose 2.6%.
And Star Entertainment continued its search for liquidity, but the stock was one of today’s worst performers, sliding 15.4%, after a brief trading halt was lifted.
More positively, Life360 has reported a 33% rise in total fourth quarter revenue to a record US$115.5 million, sending its shares up 7.2%. PEXA also advanced 8% after reaffirming guidance and a share buyback.
Next week, the RBA meeting minutes will be scrutinised on Tuesday, before a GDP read on Wednesday.