DAVID HAFFENREFFER, CNN ANCHOR: Time now to check in with the "Financial Times" this morning. Peter John of the "FT" joins us now with a look at the European markets which, for the most part, Peter, are headed to the upside.</s>PETER JOHN, "FINANCIAL TIMES": Yes, there's -- there is some bad news out there, specifically for Motorola. They had some results below expectations. And that has held the market down. But, on balance, I think we're looking ahead. We're looking for the European Central Bank's interest rate decision later today. Everyone seems to believe that they will cut rates by at least a quarter-point. They put it off last time, but we've seen big rate cuts from the U.S. and the U.K. So the pressure is on. And I think the markets are looking for a cut, rather than for a hold today.</s>HAFFENREFFER: All right, Peter, thank you very much for joining us. That is Peter John of the "Financial Times." TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
'Financial Times': European Central Bank Expected to Cut Interest Rates Today