Stocks jump as Wall Street focuses on the economy reopening, S&P 500 now up 40% from March low; European markets close sharply higher on recovery hopes, despite backdrop of U.S. unrest; DAX up 3.8%; BELEX15 up 0.26%; Jedinstvo announced AGM for 3th July
Stocks rose on Tuesday as traders focused on the reopening of the economy from the coronavirus pandemic even amid civil unrest around the U.S. The S&P 500 gained 0.8% to close at 3,080.82, reaching its session high with less than 30 minutes left in the session. Tuesday’s gains put the S&P 500 up more than 40% from its late-March intraday low. 
The Dow Jones Industrial Average climbed 267.63 points, or 1.1%, to 25,742.65. The Nasdaq Composite advanced 0.6% to 9,608.37.
Other markets pointed to optimism about the country reopening from the widespread mandated shutdowns due to the coronavirus. Oil added nearly 4%. Treasury yields were higher. Reuters reported, citing sources, state-owned Chinese companies bought at least three cargoes of U.S. soybeans. The news helped lift market sentiment.

European stocks closed sharply higher Tuesday against a backdrop of unrest and violence in the U.S. as protests continue over the killing of George Floyd, an unarmed black man, in police custody last week.
The pan-European Stoxx 600 closed 1.5% higher provisionally as the reopening of economies and hopes for a global recovery continued to drive market sentiment. Auto stocks jumped 3.8% to lead gains as all sectors except health care remained in positive territory.
Germany’s DAX index was a significant driver of the gains in Europe, closing up by 3.8% and enjoying its best day for almost two months.
British property developer Hammerson soared 35% after announcing that its sites will reopen from June 15.
Luxembourg real estate company Aroundtown climbed 11% after the resolution of a share buyback. Unibail-Rodamco-Westfield shares added more than 9% as its retail stores continue to open up.

Serbian BELEX15 added 0.26% as Belgrade Airport gained 1.6%. Positive changes at Impol, Alfa and Fitofarmacija also contributed. The most traded name was Alfa with 6.5m RSD in volume. Bonds were active with over EUR 2.9m in volume. We saw no specific macro issues, while from the corporate side, Jedinstvo announced its AGM for 3th July, when cash dividend payment is to be adopted, among other agenda. 
Source: CNBC, Ilirika