Markets in Europe fell sharply at 6.25 AM New York time.

The FTSE was down .9% to 6,637. BHP BIlliton (BHP) was down 2.2% to 1476. Vodafone (VOD) was down .4% to 161.6.

The DAXX fell 1.1% to 8,015. DaimlerChrysler (DCX) was down 1.5% to 68.15. Deutsche Telekom (DT) was down 1.3% to 13.4. Siemens (SI) was down 1.7% to 107.74.

The CAC 40 was off .9% to 6,074. France Telecom (FTE) was down .7% to 20.5.

Data from Reuters.

Douglas A. McIntyre