Markets in Europe are lower at 6 AM New York time.

The FTSE is off .5% to 6,187. Barclays (BCS) is down 2.4% to 596.5. Pearson (PSO) is down 1.5% to 737.5.

The DAXX is off .3% to 7,468. Deutsche Bank (DB) is off 1.3% to 90.48. Siemens (SI) is down 1% to 89.8.

The CAC 40 is off .9% to 5,542. BNP Paribas is down 2% to 76.95. AXA (AXA) is down 1.6% to 29.33.

Data from Reuters

Douglas A. McIntyre