Europe markets are up sharply at 6.10 AM New York time.

The FTSE is up .9% to 6,617. BHP Billiton (BHP) is up 1.8% to 1349. Daily Mail is up 2.3% to 824.5.

The DAXX is up 1.5% to 7,794. DaimlerChrysler (DCX) is up 1.6% to 67.78. DeutscheBank (DB) is up 1.7% to 110.03. Siemens (S) is up 2.7% to 100.96.

The CAC 40 is up .9% to 5,989. AXA (AXA) is up 2.4% to 31,82. Sanofi-Aventis (SNY) is off 7.9% to 61.93.

Data from Reuters

Douglas A. McIntyre