The FTSE 100 was off 1.5 per cent in morning trading as traders further digested yesterday's comments from European Central Bank chief Mario Draghi, who said volatility was here to stay. Meanwhile, economists the world over seem to be reining back the austerity rhetoric. The Trader Nicole Elliott reports.
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EasyJet (EZJ) posted strong passenger statistics for May. The number of "earned seats flown" - those paid for - was 6.5m, 7.2 per cent higher than in May 2014 and representing 91.6 per cent of total capacity, up from 89.4 per cent. The budget airline's gamble on expanding capacity seems to be paying off. Buy.