DAVID HAFFENREFFER, CNN ANCHOR: We are seeing a bit of a mixed activity right now for the European stock markets after a down day for the U.S. market yesterday. Philip Goggan, of the "Financial Times," joins me now from the "FT"'s London newsroom. Philip, good morning. Sort of seems like the markets are moving sideways after that sell-off here in the U.S. yesterday.</s>PHILIP COGGAN, MARKETS EDITOR, "FINANCIAL TIMES": Yes, I don't think making quite make their minds up: The Dax in Frankfurt is up a little and so is the FTSE in London, but the CAC in Paris is down a bit. The main economic news we have here is the Ifo survey of business sentiment in Germany, and that was stronger than expected; it's an index, and it's up at 101.2, and most analysts were going for 100.9, and that's just the latest indication that the German economy, which was pretty weak for the last couple of years, is starting to power ahead. And of course, that's being helped by the weakness of the euro, which is a boosting German exporters. So the biggest economy in Europe is now starting to motor.</s>HAFFENREFFER: Any highlights on the corporate news front this morning?</s>COGGAN: Yes, we've had our first big Internet casualty, a company call Boo.com, which was designed to sell sportswear, had a very fashion conscious image. It raised $120 million from shareholders last year, the likes of the people behind LVMH, the luxury goods group, and Benetton, the sweater company, but it spent an enormous amount of money on marketing, failed to control it costs, and when it went back to shareholders for another $30 million they said no. And yesterday they pulled the plug and it went to the receivers.</s>HAFFENREFFER: Interesting. Well, thank you very much, Philip Coggan of the "Financial Times." Certainly that Boo.com story raising a lot of eyebrows over here as well in the United States.
'Financial Times': Germany's Ifo Survey Beats Forecast, but Euro Still Weak