Markets rebound after People's Bank of China injects liquidity into markets

Markets rose on Tuesday.

The S&P 500 jumped 1.5 percent, the STOXX Europe 600 surged 1.6 percent and the Shanghai Composite rose 1.3 percent.

“It’s just the stimulus out of China adding to confidence today,” said Willie Delwiche, investment strategist at Baird, after the People's Bank of China injected 1.7 trillion yuan on Monday and Tuesday to stabilise markets.

Still, with more than 20,000 people in China infected and 465 deaths so far, the coronavirus outbreak is likely to remain a concern for investors.