Markets in Europe were off about 1% at 7 AM New York time.

The FTSE was off .8% to 5,828. BHP Billiton (NYSE: BHP) was off 2.9% to 14.76. BT (NYSE: BT) was down 6.9% to 244.75 on weak earnings.

The DAXX was trading down 1.2% to 6,769. Infineon was off 15.8% on poor earnings. Man AG was off 4.3% to 81.02.

The CAC 40 was down 1% to 4,771. Alcatel-Lucent (NYSE: ALU) was off 3.5% to 4.16. France Telecom (NYSE: FTE) was up 5% to 23.73.

Data from Reuters.

Douglas A. McIntyre