Markets in Europe were off modestly at 6 AM New York time.

The FTSE was down .2% to 6,272. BP was down .4% to 560.5. BT was up .8% to 321.75. British Air was up 1.5% to 553. GlaxoSmithKline was down .4% to 1405. Prudential was up .1% to 721. Reuters was down .5% to 442.5. Unilever was down .6% to 1425.

The DAXX was down .5% to 6,643. Daimler was down .8% to 46.75. Deutsche Bnak was down .2% to 103.18. Deutsche Telekom was up .8% to 14.56. Siemens was up .2% to 75.7.

The CAC 40 was down .3% to 5,557. Alcatel-Lucent was down .9% to 11.42. AXA was flat at 31.5. France Telecom was up .9% to 21.87. ST Micro was up .2% to 14.23. Vivendi was down .1% to 30.18.

Data from Reuters.

Douglas A. McIntyre