BERNSTEIN raises United Airlines (UAL.O) PT to $153 from $136.

At Tuesday's close, STOXX Europe 50 was up just over 9% for 1H and STOXX Europe 600 rose more than 8%. Italy's FTSE MIB gained nearly 15% and Spain's IBEX 35 climbed over 12%. Germany's DAX was up 2%, the UK's FTSE 100 rose 5.7% and France's CAC 40 gained 3%.

ING strategist Chris Turner said if Fed Chair KEVIN WARSH focuses on price stability in remarks at the ECB forum in Sintra, the dollar should remain firm. Warsh, at his first meeting as Fed chair in June, stressed the need to return inflation to the 2% target; since then core PCE has risen 3.4% and the jobs report was strong. Turner said a reversal in rate‑hike expectations would be "surprising", while Warsh's remarks represent upside risk for the dollar. ING expects the dollar index (DXY) could rebound to the 101.700–101.800 range on the speech.