JOHN DEFTERIOS, CNN ANCHOR: European markets are moving lower, this morning, but the selling is subdued compared to what we saw the first hour.</s>DEBORAH MARCHINI, CNN ANCHOR: A check of the numbers and the other news with Todd Benjamin in our London bureau -- Todd.</s>TODD BENJAMIN, CNN CORRESPONDENT: Deb and John, down but not out. The markets are down, but considering the rout on Wall Street it's not too bad, really. London is down more than 3/4 of one percent, the Dax is off by half a percent, Paris is off more than 3/4 of one percent and Zurich is off 3/4 of one percent. In the currency market, the dollar is about a third-yen stronger against the Japanese currency, this morning, the euro is weaker and it's moving back towards parity, and the pound is about 3/4 of a cent weaker against the dollar, this morning. Now, in terms of the overall markets being down, there are some stocks which are bucking the trend, this morning. Among them, Cable & Wireless. It rose nearly 14 percent, yesterday. It's up another 2 1/2 percent, this morning, after it has confirmed that its Hong Kong telecom unit is in talks with Singapore Telecom about a possible merger. Siemens is another one bucking the trend. It's up five percent. Now, CSFB has raised its target price on this to 165 euros, so that's about 165 bucks. It's currently just under 148, so some upside there. And SAP, which, of course, trades in the U.S., it's up 2 1/2 percent. ING raised it to a buy and has a price target of 950 euros, John and Deb, and right now it's about 774. Back to you in New York. Want to mention oil, here. Oil is down 31 cents at $25.69, so oil, again, under some pressure, this morning. Back to you.</s>MARCHINI: All right, thanks a lot, Todd.
European Market Selling Remains Subdued After Wall Street's Drop