European markets were moving down at 5.45 AM New York time.

The FTSE fell .2% to 6,689. British Air (BAB) was down 1.4% to 430.  GlaxoSmithKline (GSK) was down .2% to 1317. Unilever (UN) was down 1% to 1563. Vodafone (VOD) was down 1.9% to 158.9.

The DAXX was off .1% to 8,030. DaimlerChrysler (DCX) was up .2% to 68.88. SAP (SAP) was up 2.1% to 38.05.

The CAC 40 was down .1% to 6,079. Alcatel-Lucent (ALU) was up 1.3% to 10.27. ST Micro (STM) was down 1.4% to 14.35.

Data from Reuters

Douglas A. McIntyre