Markets rise as COVID-19 crisis “now appear largely under control”

Markets rose on Tuesday.

The S&P 500 rose 0.8 percent, the STOXX Europe 600 jumped 1.6 percent and the Nikkei 225 rose 1.2 percent.

Markets shrugged off civil unrest in the US as investors focused on the prospect of fuller business activity as restrictions imposed to curb the spread of the COVID-19 pandemic are lifted.

“This has largely been about the pace of the economic restart, which appears to be coming online somewhat more quickly than believed to be the case even a month or six weeks ago,” said Bill Northey, senior investment director at US Bank Wealth Management.

“The global health and financial crises now appear to be largely under control,” wrote Joseph Capurso, head of international economics at Commonwealth Bank of Australia, in a note.