US stockmarkets rebounded last week, supported by solid economic data, lower oil prices and hope that the pace of the Fed’s rate hikes will slow after the next Federal Open Market Committee (FOMC) meeting.
After trading to a seven-week low early last week, the ASX200 spring-boarded into the weekend to close 1 per cent higher, supported by the rebound on Wall Street, a solid June quarter GDP print and a dovish tilt from the Reserve Bank.
