DEBORAH MARCHINI, CNN ANCHOR: Well, that announcement came too late for European markets to react yesterday, so investors are trading on the news today.</s>DAVID HAFFENREFFER, CNN ANCHOR: As you might imagine, Todd Benjamin now has our London update -- Todd.</s>TODD BENJAMIN, CNN CORRESPONDENT: Good morning, Dave and Deb. Of course, it did come too late, but they saw Wall Street's reaction, and with the exceptional of London, which is flat, the major other markets are moving higher this morning. London, as I said, is flat; the Dax is up better than one percent; Paris is up 1 1/2 percent; and Zurich is up almost one percent. In the currency market, the dollar is a quarter-yen higher against Japanese currency, the euro is little changed, and the pound is a half-cent weaker against the greenback after making some progress yesterday. And oil, oil is down 31 cents this morning in London trading; that, of course, after the latest inventory numbers out of the U.S. showed an unexpectedly large increase, 4.6 million barrels, in the amount of crude oil stocks in the U.S. Back to you in New York.</s>MARCHINI: All right, thanks a lot, Todd. Search CNN.com CNNSI.com CNNmoney.com The Web
London Flat, Other Major Euro Markets Moving Higher