Markets in Europe are modestly higher at 6.20 AM New York time.

The FTSE is up .7% to 6,391. Barclays (BCS) is up 2.6% to 554. Man Group is up 4.4% to 564.5. Northern Rock is down 9.2% to 106.

The DAXX is rising. 1.1% to 7,851. Commerzbank is up 2.2% to 26.53. Siemens (SI) is up 1.4% to 103.41.

The CAC 40 is up .8% to 5,641. Alcatel-Lucent (ALU) is up 3% to 5.47. Societe Generale is up 2% to 104.79.

Data from Reuters

Douglas A. McIntyre