Amelie Derambure, senior portfolio manager at Amundi SA in Paris: We expect the scope of the rebound to expand in sectors that have previously lagged behind in performance. The Russell Index is very sensitive to interest rates, so the data reinforces market expectations that the Federal Reserve can cut interest rates in a non-recession environment.

Amelie Derambure, senior portfolio manager at Amundi SA in Paris: We expect the scope of the rebound to expand in sectors that have previously lagged behind in performance. The Russell Index is very sensitive to interest rates, so the data reinforces market expectations that the Federal Reserve can cut interest rates in a non-recession environment.