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Shares in European airlines are also rising strongly this morning – Ryanair is up 2.6%, while British Airways owner International Consolidated Airlines Group is up about 3%. Budget airline Wizz Air is also up by 3.2%.

US stocks are poised to join the global market rally later this afternoon – futures for the blue chip S&P 500 index are pointing to a 0.9% rise, while the tech-heavy Nasdaq is poised to rise 1.5%. US airlines are also set to rise, with Delta and American up 2.6% and 3% in pre-market trading. Cruise operators Royal Caribbean and Carnival are also up by about 3% each.

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