DAVID HAFFENREFFER, CNN ANCHOR: Markets in Europe are moving higher this morning. For a check on the latest numbers let's go back now to Todd Benjamin, who is standing by once again in our London bureau. Hi, Todd.</s>TODD BENJAMIN, CNN CORRESPONDENT: Morning, Dave. Yes, they started off on a somewhat unsteady footing, with the exception of Frankfurt, but they've picked up some steam since then: London is up a half percent. The Dax is up 1 1/2 percent, that after IG Metall, the country's biggest union, reached a regional pay deal that was lower than their regional demands. Paris is up 1 1/2 percent, and Zurich is up a half percent. In the currency markets, the dollar is slightly lower against the Japanese currency, but the euro and pound are slightly weaker against the greenback. Some stocks on the move today: BP Amoco, which lost more than five percent yesterday, is up 2 1/2 percent. Shell is up slightly -- of course, both of those trade in the U.S. Deutsche Telekom is up five percent, investors still pleased with the price it paid for a controlling stake in DaimlerChrysler's IT business. France Telecom, which trades in the U.S., is up four percent. British Telecom up 1 1/2 percent. So the telecoms having a very solid day. STMicroelectronics, a real darling in Paris as well as Wall Street, is up nearly three percent, of course, it's a big chip maker. And oil -- I do want to mention oil to you. It is up 17 cents at $25.85 a barrel. Back to you in New York, Dave.</s>HAFFENREFFER: OK. Thank you, Todd. Search CNN.com CNNSI.com CNNmoney.com The Web
Euro Markets Move Higher in Morning Trading