DAVID HAFFENREFFER, CNN ANCHOR: European stocks are getting a boost at this hour after Wednesday's Nasdaq record and the overnight rally in Asia. Todd Benjamin has that as part of our London update this morning. Good morning to you once again, Todd.</s>TODD BENJAMIN, CNN CORRESPONDENT: Good morning. A good day by and large for European stocks, Dave, you're right, that big rally on the Nasdaq really, once again, putting the spotlight on telecom and media and technology stocks. And London is up nearly two percent. The Dax is up three-quarters of one percent. Paris is up nearly two percent. But Zurich is off about a quarter percent. And you know, that's been the story over and over again where Zurich has really lagged because it's just, you know, a lot of financial and pharmaceutical stocks, and those obviously have been out of favor compared to the high-tech stocks, which are really in the spotlight. In terms of the currency market today, the dollar is slightly weaker against the Japanese yen, but still relatively firm. The euro is back below parity. And the pound is off about a third of a cent. And I do want to mention oil, oil is up 14 cents to $27.20 a barrel. Of course, that's Brent crude trading in London. After the latest supply figures out of the U.S. show that inventories are still at their lowest level in more than two decades. So there's still a lot of worry about scarcity and still unclear what OPEC will do when they meet in their late March meeting. Back to you in New York.</s>HAFFENREFFER: OK, thank you, Todd, for that update.
Telecom, Media, Tech Stocks Rally in Europe