Markets in Europe were down at 6.20 AM New York time.

The FTSE fell .4% to 6,616, Barclays (BCS) was down 2.9% to 608.5. Northern Rock was down 5% to 205.5.

The DAXX was down .4% to 7,940. Deutesche Telekom (DT) was down 1.3% to 13.35. Siemens (SI) was down 3.1% to 92.37.

The CAC 40 was off .8% to 5,759. Alcatel-Lucent (ALU) dropped 5.2% to 6.54. BNP Paribas fell 1.5% to 77.32.

Data from Reuters

Douglas A. McIntyre