Markets in Europe were off modestly at 6.15 AM New York time

The FTSE fell .6% to 6,685. Barclay’s (BCS) fell 2.8% to 587. Northern Rock fell 4.1% to 177. Unilever (UN) rose 4.6% to 1701.

The DAXX fell .3% to 7,999. Deutsche Bank (DB) fell 1.6% to 90.57. VW fell 1.4% to 195.1.

The CAC 40 was off .6% to 5,816. Alcatel-Lucent (ALU) fell 4% to 6.43. AXA (AXA) dropped 1.3% to 30.45. BNP Paribas was down 2.5% to 74.19.

Data from Reuters

Douglas A. McIntyre