CHRISTINE ROMANS, CNN ANCHOR: Let's see how European markets are doing right now.</s>DAVID HAFFENREFFER, CNN ANCHOR: Yes, Philip Coggan of the "Financial Times" joins us now from the "FT"'s London newsroom on a down day today for the European major market indices. Good morning, Philip.</s>PHILIP COGGAN, "FINANCIAL TIMES": Yes, good morning. Not a good start for European markets. There's a lot of caution this week ahead of the Fed meeting and of big results from the likes of Nokia coming out later this week. The currency markets are also fairly quiet, with the dollar slightly down after some stronger than expected Japanese figures and also, of course, ahead of that Fed meeting. The big corporate story is that Unilever is selling some of its soups and sauces businesses, Campbell Soup, for a billion euros -- it's about $900 million. This includes the likes of Bachelor's and Oxo over in the U.K. It's all a part of Unilever's restructuring after the purchase of Bestfoods last year. They're also trying to look and sell the Bestfoods bakery business. The other story we're looking into is the ING, and they will be laying off up to 1,100 bankers as part of its effort to slim down its banking operations. It's also in the business of selling its U.S. banking site, originally Furman Selz, to ABN AMRO. That's about 1,400 workers which are transferring. Back to you.</s>ROMANS: OK, Philip Coggan, thanks so much for joining us.
'Financial Times': Europe Cautious Ahead of Fed Meeting