DAVID HAFFENREFFER, CNN ANCHOR: For the most part, the European markets are moving higher, but just modestly at this hour.</s>DEBORAH MARCHINI, CNN ANCHOR: Philip Coggan's markets editor of the "Financial Times," and he joins us from the "FT"'s London newsroom. Rather, it's Adrienne Roberts. There she goes. There's no mistaking the two of you, let me assure you, Adrienne. Want to start by asking you a little bit about what is going on in the markets today. I gather that oils are doing well but some other sectors are not.</s>ADRIENNE ROBERTS, "FINANCIAL TIMES": Well, as you say, oils are. In fact, the general oil sector in Europe is about 2 1/2 percent higher. Basically, I think just concerns about, you know, production cuts by OPEC and higher oil prices over the last couple of days. BP and Shell in London both 3 percent higher and Total Fina Elf, one of the best performers in Europe. Obviously after the Yahoo! and Motorola news, tech and telecom stocks are going to be in focus. We're still waiting for that conference call on Motorola. In the meantime, though, telecoms are pretty strong and tech stocks are mixed. There's been some sign of a Yahoo! effect in Paris. Wannado (ph), the Internet service provider, has been trading a bit lower. Stocks like STMicroelectronics, the chipmaker, trading a little bit lower, but there's no generalized effect there. Otherwise, I think probably the worst performing sector in Europe at the moment is retail, partly driven, I think, by poor performance in London. We're starting to see trading statements come out for the Christmas period, and some of them are quite disappointing. Best example is Matalan, which has really got hammered this morning. And finally, very nice results out of Gucci for December and that has boosted the whole luxury goods sector.</s>MARCHINI: All right, Adrienne Roberts of the "Financial Times," thanks.
'Financial Times': European Markets Moving Higher