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· S&P 500 Price Analysis: US stocks en route to the 3000 mark and beyond

After the February-March crash, the S&P 500 has been recovering a great part of its losses. The index is pressuring the May’s highs above the 100 SMA on the daily chart. As buyers stay firmly in charge, a run to the 3000 figure appears imminent. A sustained break above the mentioned level can see the S&P 500 hit the 3075/3100 price zone in the medium-term. On the flip side, support can be seen near the 2900 and 2850 levels.

· Japan shares scale 10-week peak, S&P 500 up sharply

Asian shares forged ahead on Tuesday while U.S. stock futures breached a major chart barrier as investors brushed past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy.

Japan's Nikkei .N225 took the lead with a rise of 1.7% to its highest since early March when the economic impact of the coronavirus was just becoming clear.

MSCI's broadest index of Asia-Pacific shares outside Japan advanced 1.6%, while South Korea .KS11 rose 1.5%.

E-Mini futures for the S&P 500 climbed 2% to clear the 3,000 chart level. EUROSTOXX 50 futures added 0.98% and FTSE futures 2.2%.

· Tokyo shares rise to near 3-month high as Japan reopens economy

Japanese stocks climbed on Tuesday to their highest in nearly three months as investors cheered Prime Minister Shinzo Abe’s decision to lift the state of emergency and end coronavirus-induced restrictions nationwide.

The benchmark Nikkei average advanced 2.6% to 21,271.17, its highest close since March 5, with air and land transport companies leading the rally.

Abe said late Monday that the state of emergency would be lifted for all of Japan, including Tokyo and its surrounding areas, and that the country managed to get the outbreak under control in under two months.

Getting greater Tokyo, which accounts for about one-third of Japan’s gross domestic product, back on its feet is vital to the country’s overall economic recovery.

Analysts suspect some foreign investors bought back stock futures for loss-cutting as the Nikkei rose above 21,000, their estimated cost of selling.

The broader Topix gained 2.2% to 1,534.73, its highest close since Feb. 28, with all 33 sector sub-indexes on the Tokyo exchange finishing higher.

· China shares end higher as c.bank governor boosts support hopes

China shares ended higher on Tuesday as investors cheered a pledge by the central bank to strengthen policies aimed at reviving an economy paralysed by the coronavirus pandemic.

At the close, the Shanghai Composite index was 1.01% higher at 2,846.55. It was the biggest one-day gain for the index since April 30.

China will strengthen its economic policy and continue efforts to lower interest rates on loans, central bank Governor Yi Gang said in an interview, adding that China’s economic fundamentals remain unchanged despite many uncertainties. ** However, highlighting risks caused by the pandemic, China’s banking and insurance regulator said bad loans at banks now stand at a high level, and that asset quality at smaller banks will be under pressure this year.

· European markets bounce on global vaccine hopes

European stocks opened higher on Tuesday, tracking positive global market sentiment as optimism grows that a coronavirus vaccine can be found.

The pan-European Stoxx 600 jumped 1.1% at the start of trading, travel and leisure stocks adding 2.5% to lead gains as all sectors and major bourses headed into positive territory.

European stocks are following the positive trend set in Asia, where stocks jumped on Tuesday afternoon after American biotech firm Novavax said Monday it started the first human study of its experimental coronavirus vaccine.