Markets in Europe are up modestly at 5.55 AM New York time.

The FTSE was up .3% to 6,209. Barclays was down .3% to 717. BP was down .4% to 577. BT was up .7% to 305.25. GlaxoSmithKline was up .7% to 1354. Prudential was up .2% to 695. Reuters was up .2% to 455.25. Unlilever was down .1% to 1394. Vodafone was down .2% to 143.25.

The DAXX was up .2% to 6,534. Bayer was down .2% to 40.53. Daimler was up 1.1% to 46.08. DeutscheBank was up .4% to 100.99. Deutsche Telekom was up .5% to 13.92. Siemens was down .2% to 73.52

The CAC 40 was up .4% to 5,495. Alacatel was down .9% to 10.68. AXA was up .1% to 30.7. France Telecom was up .6% to 20.54. Vivendi was up .5% to 29.44.

Data from Reuters

Douglas A. McIntyre