good afternoon from cnn hong kong. i'm andrew stevens. >> and good morning from london. i'm felicia taylor. it was a long time coming, but european leaders filly got there. shortly before 4:00 a.m. in brussels the announcement we'd all been waiting for. european leaders struck a deal on the eurozone debt crisis. here are the key points. the agreement includes a compromise with private investors. holders of greek bonds have greed take a 50% write down on the value of those assets. also the effective strength of the bailout fund will be boosted to about a trillion euros. but european banks will be told to brace for further turmoil. the banks zill to increase their capital reserves to 9% to protect themselves against potential losses following those write downs or defaults that possibly could occur further down the line. >> at a press conference in the early hours of the morning in brussels, the european council president emphasized the need for tighter fiscal discipline within the eurozone. >> today we decided to go even beyond to the legislation on some points as of no. we also approved ten measures to improve the governance of the euro area. different other ideas have been suggested to reinforce fiscal discipline. therefore, the euro summit decided to reflect on a further strengthening of economic convergence within the euro area on improving fiscal discipline and deepening economic union. including exploring the possibility of limited changes. the full european council will revert on this issue in december on the basis of an interim report in close cooperation with president ba barroso and the president of the group. it will be finalized by march 2012. we did not want to repeat some of the errors of the recent past. in taking today's decisions, we laid the foundations for our future. all members of the euro summit are determined to follow this path. >> followed every twist and turn of the negotiations from brussels. in the early hours wrapped up the day's proceedings for us. >> reporter: after 11 hours of negotiations near brussels, eu leaders did finally manage to come up with what they call a lasting and credible agreement to solve the eurozone debt crisis once and for all. and here it is. in this 15-page draft communique that was released soon after they wrapped up their talks it aims to tackle three problems together and all three unprecedented in their complexity. now these leaders decided to boost the eurozone firepower or efbf, the euro fund bailout fund and prevent countries like italy and spain from being infected by the same issues. also, another particularly sticky point of discussion that took hours of negotiating was the issue of agreeing to a haircut or write down with private bondholders that owned greek debt. they managed to push through proposals for a voluntary 50% hair cut with those investors. and last, but not least, the banks that have had people worried for quite so long seem to be the last of these ministers' problems. they managed to push through early in the negotiations plans to recapitalize the european banks to the tune of 106 billion euros. the question is, will it be enough, and how long will it take to put into place? nina dos santos, cnn, brussels. >> so let's take a look from the perspective of investors. the initial reaction on the stock market looks very positive. for longer term reaction we need to look at the bond markets. bond yields are key tonding how the deal is playing out. do investors have enough confidence in this deal to let yields fall in some of the most troubled countries? if yields are on the rise it shows a lack of confidence in the deal. let's look at where some of the bond markets stand. we can begin in france where we're seeing seven basis points increase. and nauls -- let's go to italy. italy also up fractionally up eight basis points. that brings the yield down to near 6% which is significant in italy. at the beginning of this year, the yield was at 4.8%. this is a very dangerous level to get near, the 6% level. that's where italy doesn't want to see things go. it needs to stay below 6%. let's go to germany. the reaction there also similarly understandable because we're obviously seeing a positive reaction in the bond market so far. but this isn't a huge move for the bond market. i can show you in perspective what it means for greece. that is coming down ever so slightly at 23.30% but is a reflection of how uncertain the market certainly is about the situation in greece. and a very slight reaction in the uk of a drop of four basis points but that's not a big deal either. very muted reaction. if we take a look at the comparison of how these all look together, things have begun to moderate ever so slightly. it's italy that's of most concern as that edges ever closer to 6%. and that could be a problem if we see that go in the next couple of weeks showing that there's still concern around some of these countries that they haven't actually been ring fenced in this deal to protect some of the more troubled economies. andrew? >> absolutely. italy certainly the big key in all of this. here in asia, given the first chance to react to that news coming out of the eurozone in the early hours of the asian morning, and it was pretty positive, too. more on the numbers in just a bit. first, news from herman von rompoy's twitter page. agreement on a comprehensive package reached at today's euro summit just finished. markets did move higher. i'll give you the broad numbers in a moment. i want to gauk some of the asian banks gaining. bank shares in hong kong also buoyed by some earnings reports. releasing q3 results before the market closed on wednesday. agricultural bank of china. 40% up on a year early and the stock reacting up by 6.5%. china civic up 41% on the year. but bank of china is a 9% profit rise which is well below the forecast. still the stock was up by 2.2%. so let's take a look at what it means for the bigger picture across the region. and it really was a big deal on the broader markets as a result of what happened in the eurozone. the nikkei up two. hong kong really powering ahead. it was after the afternoon session, for the afternoon session. the market up from 1.72, nearly 3.5%. shanghai lagging just about 0.3%. one other major market mover was olympus. its stock up by 23%. we'll have more on that a little bit later in the show, felicia. >> many of the talking heads in brussels were at pains to tell investors the eurozone deal will finally offer some stability in the marketplace. it seems investors are encouraged by the progress in belgium. in london, the ftse 100 up over 2%. the xetra dax up almost 3.5%. in paris, up 3.6%. the bank stocks have been doing incredibly well today. they are up between 8% and 9%. societe generale, deutsche bank and the zurich smi not reacting quite as much but up 1.75%. the euro naturally hit a seven-week high against the u.s. dollar on thursday. this coming after the eu leaders and banks agreed to the 50% write down on the value of the greek debt. the yen was stronger against the dollar. here the currency markets look overall. euro 1.40 and against the british pound at 1.60 and the yen around 75. not much of a move there. andrew? u.s. market looks set for a stronger open when trading begins there in about five hours. let's look at the futures in the premarket. right around the world, shares responding positively as the euro currency has done to the headline news coming out of europe that there has been agreement reached and some big numbers flirting toornd get the eurozone basically its economic picture back on an even keel. felicia? >> the debt crisis deal in europe may have given a welcome gooft t boost to the markets but how long is it going to last? we're joined by the co-head of european economic research at deutsche bank. were you satisfied with this deal? it was only a 50% haircut. some were looking for much more than that. >> well, but at least it gives greece a fighting chance. if we manage to bring public debt in greece within the next few years -- it would put greece in the same bracket as belgium and italy which in the past have proved it's possible to bring back euro debt to much more sustainable level, provided you've got decent nominal growth. so the difference between now and where we were just before is that at least it looks doable. and to get the kind of support you need in the country itself to go through the adjustment, this is immensely important. i mean, how can you convince people to consent to the kind of sacrifices they have to consent to if any way it looks impossible to achieve. >> you mentioned bringing the debt down to 120% but that's by the end of the decade. is that really good enough? couldn't we have achieved this a little more effectively in a sooner time frame? >> well, if you look at the current trajectory of greek public debt, at least according to the imf, we could be in the figures of more than 160% of gdp very, very fast. and this is absolutely impossible to control. so again, it's not great. it would be much better if we could get it below 100%. that's clear. but it's as good as it's doable because the other option was to get into hard restructuring which would have sent basically another shockwave in the financial system. here what we have, at least of today, is a voluntary agreement which is controllable in terms of central second-round effects. so it's a balanced deal and that is probably the best we can say at this stage. >> and what does this mean for other troubled economies such as italy and spain. have they been ring fenced by any of this? should we still be concerned about those european economies? >> of course we need to be concerned. the adjustment on the entirety is daunting but what we have right now is a system with the fff which looks much more powerful than what we had in the past few weeks. what we need to make sure is that we have enough support from non-europeans, enough support on the private sector to participate in all of this. on paper it looks able, yes, to ring fence countries such as spain and italy, provided these countries continue to deliver. and i think that one of the byproducts of last night's agreement is also this acceleration in the social reforms pledged by italy. we'll have to monitor the implementation, of course, but it's much better or at least in terms of intentions than what we could have expected a few weeks ago. this very complicated, cumbersome process seems to be yielding some effect. again, we need to wait to be sure that it tracks enough confidence from the rest of the world and that will be decided probably in the next few weeks. and an important date will probably be the g-20 meeting on the 3rd of november. but the ground is laid, and pretty positively. >> a deal is a deal. that's a very good thing. gilles moe of deutsche bank, thanks for your perspective. we've got plenty from brussels following the announcement of that plan to get on top of europe's debt mountain. but how will things play out in the eurozone's two biggest economies which between them basically underwrote the debt deal? 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>> people are worried but first and foremost it seems people are quite satisfied with the deal that happened. if you look at yesterday when we were looking at the german parliament and the things they were trying to get passed there, you look at the blueprint that angela merkel went to brussels with. that's almost exactly what she achie achieved. one of the things people were talking about is write downs on greek debts would have to be up to 60%. now they've achieved 50%. certainly a lot of satisfaction there. angela merkel seemed very satisfied when she went to a press conference after the summit meeting. let's listen in to one thing she had to say. >> translator: we've had long and intensive but fruitful discussions. first within the framework of the 27 countries and then within the 17 countries. i'm aware and everybody was aware that the whole world was looking at this meeting, that we can show the world how we can guard ourselves from this deep economic crisis. i think tonight we europeans have taken the right measures. >> one of the things evident in that press conference, andrew, was there seemed to be a smirk on angela merkel's face when asked about whether or not she had to arm twist the banks in europe into accepting that deal. that seemed quite interesting. you look at the german public, the one thing they are obviously worried about is whether the tax dollars or tax euros could be lost. certainly there are people who believe the risk of that, especially with these new leveraging instruments in place could be bigger than was before. andrew? >> fred, thanks very much for that. from berlin to paris and jim bitterman. the french banks have been under all sorts of pressure because of their exposure to what's been happening in greece in particular. many of those banks to to v to wear a 50% haircut. how is that going down and what sort of impact is it going to have on the banks? >> well, that's a good question. basically if you take a look at the total debt that the french are holding, about 54 billion euros in debt. if you take 50% of that, 27 billion euros shortfall for those banks in terms of their income for the year. it comes from reduced dividend, reduced pay, for instance. it could come from recapitalization in the private sector of those banks. so the banks will be looking for capital everywhere. the one question that remains to be seen is will it reach the consumer. will the banks raise their fees? will the banks raise their mortgage rates, that sort of thing. president sarkozy is going on television tonight. he's at the start of a 2012 election campaign. and my guess is he's going to start off by assuring the french consumers and the french voters that they are not going to pay the price for this. we'll see what happens this evening, but basically, i think there's a lot of concern about what could happen, whether or not it will happen is another story, andrew. >> absolutely. i think that's the line that's being repeated everywhere. we'll just have to wait and see what's in the details and how it all falls out on that one. jim bitterman joining us live from paris. you're watching "world business today." still to come, how europe's biggest companies are reacting to news of the bailout deal. it's come right in the heart of earnings season. one of germany's leading executives gives us his take on the breakthrough in brussels. stay with us on cnn. welcome back. you're watching "world business today" on cnn. if you have just joined us, you are watching our continuing coverage of the eu bailout deal that was finally reached in the early hours of this morning in brussels. certainly down to the last minute. the final wire, felicia. >> andrew, i like the way you emphasize finally because that's certainly expression of what all of us have been feeling. it's an ongoing crisis that's been continuing for the last two years. whether or not the austerity measures in greece would take place. we have yet to see whether or not that is going to happen and also how exposed are the many european banks, as well as the u.s. banks to this debt crisis. let's take a step back for a minute. how did we actually get here? fionnuala sweeney breaks down the problem, what caused it and the widespread fallout. >> who is in criseis? well, everyone is in crisis. it's not just the eurozone countries but the european union and if the european economy goes south then the rest of the world economy goes south, and it's already in trouble. it began with really the increase of level of debt of countries, of individuals and countries, of borrowers from banks. and in greece's case and other countries in the european union and the eurozone, the debt became too high to sustain. essentially it's all about greece at the moment and its flailing debt. other countries are in trouble, too, but the main architects of the euro and the euro's recovery are france and germany. of course, the real difficulty here is that they have been deemed to be seen as being slow in trying to get a rescue package for the future for the european union and the eurozone specifically. and the markets haven't been liking what they've seen so far. they say they want an agreement. they say they are working on it, particularly when it comes to shoring up the capitalization fund for the banks. but the markets have yet to be convinced. the difficulty for the eurozone countries is that in order to continue to rail against debt and bail their countries out and have a successful currency, it looks as though there might have to be greater tax and fiscal monetary policy agreement. and that is something that may not go down with member states who already believe they are suffering. of course, the other issue is many taxpayers in germany, for example, are extremely skeptical about putting their hands and their wallets again to bail out any other countries. the buzz word here is globalization. all our economies are tied. and, you know, the subprime mortgage crisis, obviously, was something that was an international issue. and essentially through globalization, we're all tied and connected together. we're connected together in the common issue of debt. it's essentially all about strengthening the banks and strengthening the european stability funds in order to avert potential crises like the ones we've seen. that's really where a lot of the discussion and debate domestically within individual countries is centered right now. for example, germany. and really it's a question of political will versus the reaction of the markets and whether the markets agree with what the governments finally decide to come up with. welcome back. i'm andrew stevens in hong kong. >> and i'm felicia taylor in london. it was a long time coming, but european leaders finally did get there. shortly before 4:00 a.m. in brussels, the announcement we'd all been waiting for. european leaders struck a deal on the eurozone's debt crisis. here are the key points. the agreement includes a compromise with private investors. holders of greek bonds have agreed to take a 50% write down on the value of those assets. also, the effective strength of the eurozone's bailout fund will be boosted to about a trillion euros. that equals about $1.4 trillion. but european banks will be told to brace for further turmoil. the banks will have to increase their capital reserves to 9% to protect themselves against potential losses following any write downs or defaults that might consider further down the line. andrew? >> yeah, felicia, the agreement ames to resolve three related problems. unsustainable debt levels in greece, the vulnerability of europe's banking sector and the inadequacy of the eurozone's current bailout fund when it comes to dealing with the big financial upheavals. but just minutes after that deal had been struck, the european commission president, jose manuel barosso warned implementing its provisions could take some time. >> to conclude the package we have agreed tonight, this comprehensive package confirms that europe will do what it takes to safeguard financial stability. i've said it before and i'll say it again. this is a marathon, not a sprint. the technical work needed to finalize the aspects of this package will be completed by relevant authorities in the coming weeks. and the commission will make furth procedure proposal for a way out. an agreement to conclude measures to restore confidence in european banking sector, ensuring the adequate firewalls, explorating our ambitious vision for growth and economic surveillance and coordination to show our partners and our citizens that we are ready to complete our monetary union with a true economic unity. >> let's get more reaction to this morning's news from greece where the prime minister seems pretty pleased with the result from brussels. we joined by linda in athens. naturally this is good news for the people of greece. >> well, the initial reaction to the news is that of temporary, at least, relief that a decision has been reached, and greece is not on the verge of default which has been the fear that greeks have been live with for a long time now. also as a result of the haircut, there's no some light in the end of the tunnel that greece's debt can become sustainable by the year 2020 which under the previous conditions forecast were more than just gloomy. so there is that initial euphoria if you want if you like. an initial deep breath. but the concerns do start after that as to whether greece will be able to meet the requirements that it now has to face, the challenges that it has to face at a time that it will be unable to return to the markets for a long time. the necessary changes will not only prolong the austerity period that the people have to face, but it also raises questions on how the banking sector, the greek banks, will be able to respond and how the social funds will be able to respond in terms of liquidity. so there are a lot of issues of concern to the greek people after that initial relief. >> yeah, i mean, this is what is really sort of the crux of the problem here. and that is these austerity measures. what's the assurance that the greek people are going to be willing to do that. it's almost as though the other european nations have come forward and done their part but now greece has to play as well. >> well, that's right. greece has to play as well. and it has shown difficulties in being able to implement these measures in the past. and now it has less leeway than it did before because its financial situation is different, because it is out of the markets for a longer time. and what is being talked about now is this idea of having a more permanent presence in athens. this is something that has not gone down very well in greece. there's a lot of reaction from the opposition. a lot of the editorials this morning are about that. about a more permanent presence in greece and how this jeopardizes greek sovereignty in the long run. this is definitely a concern here in greece. >> so we're not out of the woods yet. elinda, thank you very much for the perspective from athens. andrew? >> felicia, one of the goals of this deal is to prevent contagion from greece and other vulnerable countries like portugal and italy. or portugal and ireland, i should say going to countries like spain and italy. take a look at this. this is the scene in the italian parliament on wednesday as tough economic measures pushed political tensions, well, to breaking point. parliament was suspended briefly after a brawl which broke out when one mp made sarcastic comments about another parliamentarian's wife. in italy, the cracks are certainly beginning to show. no wonder. italy has a debt of 1.9 trillion euros. germany and france insist it must cut its borrowings as its ten-year bonds hover near 5.9%. that's just a fraction below the 6% level that earlier this year prompted the ecb, the european central bank, to buy italian debt in a bid to country the country's borrowing costs. it's not far below the threshold level of 7% which is widely regarded as unsustainable. so italian bonds still very much in the danger zone, felicia. >> indeed they are, andrew. edging closer to the 6% level. we did see some strong gains on the european markets initially at the start of trade on thursday. things are progressing a lot further than what we've seen in the previous months. let's take a look at how the major indices are performing. in london, the ft 100 is up about 2%. strong gains in germany and in france where also the banking sector is getting some push to the up side with banks gaining between 8% and 9%. so that's incredibly strong actually. the zurich smi only up about 1.75%. it's green arrows across the board and that's always a great thing to see. >> yeah, absolutely. very much the same story here in asia. very encouraged by the news coming out of brussels. all the major indices finishing higher. some sharply higher by those numbers. bank shares underpinned a lot of these big performers today. got some solid quarterly earnings numbers coming out as well which helped. look at that. the hang seng up by 3.3% at the close. australia up by 2.5%. trading in australia suspended for four hours during the day. a technical glitch. once that was resolved, though, people powered back into the market. nikkei up more than 2%. shanghai up a little less optimist nick shaic in shanghai. the eu leaders have a plan. the markets are up and there are also encouraging economic reports coming out. is it time to draw a line under the euro criseis? we're joined by michael huson from cmc markets. michael, thanks so much for joining us. do you think that this marks a turning point in the euro debt crisis? >> a turning point? i'm not sure. i think this crisis has been replete with turning points over the past 18 months. i think what's happened is european leaders have stared over the precipice and not really fancied what they've seen on the other side and they've come up with a solution in the short to medium term. i think what really needs to happen now is for them to address the growth concerns within europe because the debt concerns is one side of the coin. and that's really what we've been focusing on over the past few months. but over the past few months we've seen a significant slowdown in growth within europe. and we've talked about greece's finances being on a more sustainable level. 120% of gdp by 2020 is still very high. greece's economy is still contracting. >> yeah, it's a very good point. the euro crisis tends to have shrouded the fact that the eurozone really -- real jobs are disappearing in the economy. what have policymakers got to do to get that moving again. looking at what you've seen and we haven't obviously seen all the details of this euro deal. do the numbers add up so far or is there a bit of -- not so much wishful thinking but double accounting, clever accounting to give us strong headline numbers but actually behind those it's not looking so strong. >> well, we're still not 100% sure about how the efsf is going to be leveraged up. there's talk of some special purpose vehicle or special purpose investment vehicle. there's no real sort of detail with respect to how that's going to be made up. and there's no guarantee either that china, other sovereign wealth funds or even brazil will be tempted to actually invest in european debt. let's face it. given the track record we've seen so far, it's a bit of a high risk strategy. be that as it may, there are things that european policymakers can do. and that can start next week with the european central bank. now you mentioned earlier that euro/dollar was at 1.40 against the dollar. that's way too high for these peripheral economies to be able to grow effectively. euro/dollar needs to be a lot lower. so they need to cut european interest rates quite drastically. >> okay. we will watch out for that one certainly as you point out. not out of the woods in any shape or form in the eurozone. michael, thanks for joining us. michael hewson, cmc markets. let's take a quick look at what you can expect when the u.s. markets open in a little while. certainly the optimism for -- has spread across the atlantic from the eurozone. that's what the markets are looking like, futures that is, right now. the dow up more than 1.5%. the s&p 1.6%. pretty strong stuff there, felicia. but, you know, this will be the big question -- is this just a knee-jerk? there's obviously -- everyone you talk to, there's a fair amount of skepticism in there about how this deal will get done. do the numbers add up, and is it enough? >> yeah, you know, i think that's really important to point out. this is initial reaction to what is a deal that nobody really knew what the details were going to be. we're still not exactly sure. there's so many questions that surround how this is all going to play out, and will it be enough? so we could easily see the u.s. markets turn to the southward direction based on any kind of numbers that are coming out today. there's plenty of that to look at. coming up on "world business today," we know now the europe bailout fund will be beefed up. will china be the next one to lend a helping hand? we'll find out after this. if you've just signed up for medicare or will soon, there's no time like the present to consider all your health insurance options. does medicare alone meet your needs? would additional coverage be better for you? 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who can really help us? they are looking at china but i don't think it's a solution to the overall problem. it's not even close. and michael shoeman there isn't the only person who is unsure about a chinese role in that efsf, the eurozone bailout fund. earlier i also contacted the chief economist for the asia pacific region. he told me he's somewhat skeptical that china will help in a big way. china could contribute to the sfs only if it wanted you to but then what are the incentives for beijing? chinese officials may be writing up a wish list of what they might independent return. >> i imagine it will be quite a substantial one at that. felicia? >> well, andrew, the summit in brussels has concluded and another one is just around the corner. this time the g-20 in cannes coming up at the beginning of november. one influential figure with something to say about that is microsoft founder bill gates. a little earlier, he sat down with cnn to share some insights about the state of the world ahead of that summit. gates explains here what he thinks world leaders must accomplish at the upcoming g-20 meeting and compares his current philanthropic work with what he did at microsoft. >> we have to balance the short-term requirements for stability of financial markets along with the requirements that you invest in helping the poorest. the track record worldwide of getting people out of poverty, reducing childhood death, improving nutrition is a pretty amazing track record. with the number of innovators in the world being larger today than ever with countries like china and brazil able to contribute rather than be recipients, you'd have to say that you want to be able to deal with the short-term and continue this trajectory of improving living conditions. and it's taking innovation. it's driving that forward. it's thinking of the needs of the poorest. so i'm pretty upbeat. it's easy to think these short-term issues will overwhelm us. i think there are good solutions to those. and we'll get back on track of the incredible rate of improvement we've seen in the past. >> now you've started this foundation from a place of philanthropy but it's clear you're very involved in the science of it and very interested in the development of these technologies. and i'm just seeing the parallels between what you did at microsoft and what you are doing now. do you see parallels in terms of developing some kind of technology versus developing seeds and developing new agriculture systems? i mean, does your mind work the same way? >> sure. i think my microsoft work prepared me well. i've had to learn a lot of new things. the delivery challenges in poor countries are quite different. the science is a little different. but the idea of backing great scientists, figuring out what the needs are, matching those two things up, being patient, you know, sometimes for more than a decade, that's what made microsoft work so well and now here with seeds and vaccines and many other tools we're trying to make breakthroughs. this time it's the poor who will get the most benefit. >> bill gates there with the gates foundation talking about the way forward for the g-20 on environmental issues. let's turn to japan where a saga in the corporate world continues. of course, i'm talking about olympus. the day after the company's chairman and president sir yoshi stepped down. olympus has filed a company announcement disclosure to the tokyo stock exchange about a series of acquisitions that have put it under the spotlight to say the least. now it started almost two weeks ago. on friday, october 14th, the company's former ceo michael woodford here, was fired. he said it was because he questioned the size of the fees paid during an acquisition of medical -- of a medical equipment supplier. but the olympus filing to the tokyo stock exchange today is being well received. the firm's share price up almost 25% today. 1355 yen. but it's still got quite a long way to go. take a look at this graph. it tracks the company's share price over the past month. as you can see there, it's where it started to really go south for olympus, down 45% since the day before woodford was fired. felicia? >> we're going to take another look at early market reaction to the eu summit that has reached a conclusion in brussels when we come back on cnn. nationwide insurance, what's up ? what's vanishing deductible all about ? guys, it's demonstration time. let's blow carl's mind. okay, let's say i'm your insurance deductible. every year you don't have an accident, $100 vanishes. the next year, another $100. where am i going, carl ? the next year... that was weird. but awesome ! ♪ nationwide is on your side it was a long time coming, but european leaders have finally got there. shortly before 4:00 a.m. in brussels, the announcement everyone had been waiting for. european deaders striking a deal on the eurozone's debt crisis. and here are the key points. the agreement includes a compromise with private investors. holders of greek bonds have agreed to take a 50% write down on the value of those bonds. also the effective strength of the eurozone's bailout fund known as the efsf will be boosted to about a trillion euros, 1.4 trillion u.s. dollars from its current level benefit $250 trillion. european banks will be told to brace for further turmoil, though. the banks will have to increase their capital reserves to 9% which in effect is aimed at protecting themselves against potential losses following write downs or defaults that may occur further down the line. felicia? >> well, let's take a last look at how for -- the european stock markets are performing right now. they had an initial reaction very strong with markets looking up between 2% and 3.75% pretty much across the board except in zurich which was only up 1.6% right now. the stock market is giving a thumbs up to what has happened in brussels with the eu summit. >> they certainly are. that's this edition of "world business today." thanks for gijoining us. i'm andrew stevens. >> i'm felicia taylor in london. i realized i needed an aarp... medicare supplement insurance card, too. medicare is one of the great things about turning 65, but it doesn't cover everything. in fact, it only pays up to 80% of your part b expenses. if you're already on or eligible for medicare, call now to find out how an aarp... medicare supplement insurance plan, insured by unitedhealthcare insurance company, helps cover some of the medical expenses... not paid by medicare part b. that can save you from paying up to thousands of dollars... out of your own pocket. these are the only medicare supplement insurance plans... exclusively endorsed by aarp. when you call now, you'll get this free information kit... with all you need to enroll. put their trust in aarp medicare supplement insurance. plus you'll get this free guide to understanding medicare. the prices are competitive. i can keep my own doctor. and i don't need a referral to see a specialist. call now to get a free information kit. plus you'll get this free guide to understanding medicare. and the advantages don't end there. choose from a range of medicare supplement plans... that are all competitively priced. we have a plan for almost everyone, so you can find one that fits your needs and budget. with all medicare supplement plans, there are virtually no claim forms to fill out. plus you can keep your own doctor and hospital that accepts medicare. and best of all, these plans are... the only medicare supplement plans endorsed by aarp. when they told me these plans were endorsed by aarp... i had only one thing to say... sign me up. call the number on your screen now... and find out about an aarp medicare supplement insurance plan. you'll get this free information kit... and guide to understanding medicare, to help you choose the plan that's right for you. as with all medicare supplement plans, you can keep your own doctor and hospital that accepts medicare, get help paying for what medicare doesn't... and save up to thousands of dollars. call this toll-free number now.