Markets in Europe were up at 5.35 AM New York time.

The FTSE rose .4% to 6,630. Barclays (BCS) was up 1% to 724, GlaxoSmithKline (GSK) was down 1.5% to 1350. Rio Tinto (RTP) was up .5% to 3565.

The DAXX was up .6% to 7,703. DaimlerChrysler (DCX) was up 2.9% to 67.3. Deutsche Telekom (DT) was up 2.5% to 13.3. SAP (SAP) was up 1.7% to 35.55.

The CAC 40 was up .5% to 6,619. Alcatel-Lucent (ALU) was up 2.8% to 10.41. France Telecom (FTE) was up 1.8% to 22.61

Data from Reuters

Douglas A. McIntyre