CHRISTINE ROMANS, CNN ANCHOR: Let's see how European markets are doing right now.</s>DAVID HAFFENREFFER, CNN ANCHOR: Adrienne Roberts is in the "Financial Times"'s newsroom in London. Adrienne, how are the markets reacting after the Fed cut interest rates here yesterday?</s>ADRIENNE ROBERTS, "FINANCIAL TIMES": Well, David, pretty much the same pattern as Wall Street, pretty much mixed. We're seeing the computers and the tech stocks a little bit lower, a bit of profit taking or, basically, bargain hunting, rather, on the old economy issues, utilities doing quite well, mining, food, and drug, that sort of thing. Deutsche Bank trading roughly four percent lower after quite weak earnings result, profits down about two percent in the fourth quarter year-on-year. And Terra Lycos also trading quite a bit lower after news that Bob Davis might be set to resign as chief executive today.</s>ROMANS: Adrienne, a bit of strength in the euro this morning -- what's going on there?</s>ROBERTS: Well, Christine, I think what we're seeing is this issue of the differentials between interest rates. Up until now the U.S. interest rates base rate, particularly, has been higher than those in either the U.K. or the euro zone. Now what's happening is U.S. rates are half a percentage point lower than U.K. rates, which is why we're seeing two-week highs in sterling today, and the gap has closed considerably between the U.S. and the euro zone, so I think there's that as well. Obviously, waiting for a European Central Bank interest rate decision this afternoon. The analysts are mixed over what's going to happen. A lot of them think, though, that the European Central Bank isn't ready to follow suit and cut interest rates yet.</s>HAFFENREFFER: All right, Adrienne, thank you very much -- Adrienne Roberts, at the "Financial Times."
'Financial Times': European Markets Mixed After Fed Decision