Last week, US sharemarkets rebounded from oversold levels as end-of-month, end-of-the-quarter and end-of-financial year rebalancing flows kicked in and softer economic data saw bond yields retrace.
The ASX200 added 1.6 per cent last week, supported by the rebound on Wall Street and a retracement in bond yields that helped the interest rate-sensitive IT (+6 per cent) and real estate (+2.5 per cent) sectors rally strongly.
