Markets in Europe were up sharply at 6 AM New York time.

The FTSE rose 1.6% to 6,306. Barclays (BCS) was up 2.1% to 695. BHP Billiton (BHP) was up 2.6% to 1439. GlaxoSmithKline (GSK) was up 3% to 1251.

The DAXX rose 1.5% to 7,568. DaimlerChrysler (DCX) was up 2.6% to 66.23. DeutscheBank (DB) was up 3.9% to 100.8.

The CAC 40 was up 1.3% to 5,718. Alcatel-Lucent (ALU) was down 8.1% to 8.81. France Telecom (FTE) was up 1.2% to 19.66. Axa (AXA) was up 2.6% to 28.93.

Data from Reuters

Douglas A. McIntyre