Markets in Europe were up modestly at 7.05 AM New York time.

The FTSE rose .2% to 6,494. Barclays (BCS) fell 1.7% to 508. RBS (RBS) rose 1.3% to 448.5.

The DAXX moved up .8% to 8,067. Deutsche Bank (DB) moved up 1.8% to 89.42. Man AG rose 1.6% to 111.78.

The CAC 40 traded higher by .7% to 5,653. AXA (AXA) rose 2.7% to 27.68. Cap Gemini fell 3.2% to 43.55.

Data from Reuters

Douglas A. McIntyre