DEBORAH MARCHINI, CNN ANCHOR: Many European markets are now pushing toward record levels. The latest from Hala Gorani in our London update about how convincing the rallies look -- Hala.</s>HALA GORANI, CNN CORRESPONDENT: Yes, good morning to you. There is one rally that looks convincing and one market that's been holding onto its gain since opening this morning: it's Paris. Pushing further into record territory right now, the CAC is up three- quarters of a percent. As for the other markets, we've got London up one-third of one percent with Pearson, Vodafone AirTouch both leading the gains in that market. And over in Germany, Frankfurt's Dax, which was in negative territory, is now trading flat. Turning to currencies: We've got the euro, which was up a touch after BundesBank President Ernst Weltecke said that the currency did have upward potential, but whatever boost the currency got, it didn't help it go above the 97-cent level, as it is still trading under that level of 97 cents against the U.S. currency. The dollar against the Japanese yen is above 107. As for the pound, it is slightly higher than its seven-month lows against the U.S. dollar. Turning to corporate headlines: With Pearson, one of the major gainers in London with the FTSE-100 up thanks in part to Pearson. It announced a 15-percent rise in pre-tax profits for 1999. And most importantly, according to analysts, it also announced a deal with AOL, a deal on education -- on Pearson's education network being distributed through a new web portal in Europe. That is giving the Pearson stock a boost. It's up more than four percent. Eurotunnel, another company that announced top-end results for 1999 and also predicted a financial recovery for 2002, instead of 2004. That stock was -- is up more than four percent in Paris. And that is the latest from London. Now, back to Deborah in New York.
Paris Pushes Further into Record Territory