Markets in Europe were modestly higher at 6.10 AM New York time.

The FTSE was up .7% to 6,319. Northern Rock was up 4.1% to 95.1. Prudential (PUK) was up 2.6% to 673.

The DAXX was trading higher by .6% to 7,875. BMW was up 2% to 41.23. Siemens (SI) was up 1.9% to 104.55.

The CAC 40 was rising .8% to 5,559. Alcatel-Lucent (ALU) was up 1.6% to 5.24. Societe Generale was up 1.1% to 99.5

Data from Reuters

Douglas A. McIntyre