Markets in Europe were down slightly at 6.45 AM New York time.

The FTSE was off 4% to 5,760. BP (NYSE: BP) was up 1% to 552.5. GlaxoSmithKline (NYSE: GSK) was up 2.5% to 1,097.

The DAXX was down .2% to 6,755. Commerzbank was down 2.9% to 19.27. SAP (NYSE: SAP) was off .5% to 32.62.

The CAC 40 fell .6% to 4,683. Alcatel-Lucent (NYSE: ALU) fell 2.4% to 4.04. Societe Generale fell 3.2% to 75.26

Data from Reuters

Douglas A. McIntyre

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