Markets in Europe were modestly higher at 7.05 AM.

The FTSE was up .6% to 6,066. Barclays (BCS) is up 2.2% 482.5. Vodafone (VOD) is down 1.7% to 178.2.

The DAXX is higher by 1.3% to 7,056. BMW is up 3.3% to 38.69. Siemens (SI) is up 2.2% to 91.38.

The CAC 40 is trading up .7% to 5,012. Alcatel-Lucent (ALU) is up 2.8% to 4.39. Societe Generale is off 2.4% to 85.68.

Data from Reuters

Douglas A. McIntyre