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

The FTSE fell .6% to 6,612. Barclays (BCS) was off 1.9% to 730.5.

The DAXX fell .9% to 8,019. DaimlerChrysler (DCX) was down 1.4% to 68.2. DeutscheBank (DB) was down 1.8% to 111.78.

The CAC 40 was down .8% to 6,048. AXA (AXA) was down 1.4% to 32.79.

Data from Reuters.

Douglas A. McIntyre