Markets in Europe were up modestly at 7 AM New York time.

The FTSE rose 1.3% to 6,397. BT (BT) is up 1.7% to 291.25. Rio Tinto (RTP) is up 1.7% to 5909.

The DAXX is up .7% to 7,867. Infineon is up 5% to 8.47. Siemens (SI) is up 1.7% to 103.84.

The CAC is rising .9% to 5,597. France Telecom (FTE) is down 2.9% to 25.34. ST Micro (STM) is up 2.1% to 10.52.

Data from Reuters

Douglas A. McIntyre