DAVID HAFFENREFFER, CNN ANCHOR: Time now to jump across the Atlantic and get a check on how the European markets are faring on this final trading day of the week. Philip Coggan of the "Financial Times" joins us now with a look at the European markets. A nice day out there, Philip.</s>PHILIP COGGAN, "FINANCIAL TIMES": Definitely, David. We're up around 1 percent in London, Paris and Frankfurt with pretty broad strength: banks, telecoms, technology stocks. EADS, the makers of Airbus, they're up 4 percent on the back of the fact that Boeing has decided to pull out of that super jumbo market. So good news for them.</s>HAFFENREFFER: OK, quickly want to touch on how the currencies are faring today?</s>COGGAN: Yes, we've got the dollar up above 125 yen. That's the highest level since October 1998 when there was the Asian crisis and dollar safe haven buying. Also, the euro down to below 88 cents. Clearly there's a feeling that the European Central Bank, which didn't cut rates yesterday, isn't in control of policy. In Japan we've got further signs of deflation with a fall in prices in the Tokyo level. Maybe some signs that Japanese funds are going to put money into the dollar as soon as the quarter ends.</s>HAFFENREFFER: All right, Philip, thank you very much. Philip Coggan, live from the "Financial Times" in London.
'Financial Times': European Markets Up 1 Percent; Dollar Up Above 125 Yen