Markets in Europe rose modestly at 6.15 AM.

The FTSE was up .6% to 5,984. BHP Billiton (BHP) rose 2.8% to 1663. RBS (RBS) was up 2.7% to 380.

The DAXX rose .9% to 6,827. Hypo Real Estate rose 3% to 19.30. Siemen (SI) rose 1.6% to 72.25.

The CAC 40 rose .8% to 4,942. Alcatle-Lucent (ALU) rose 2.6% to 4.11. BNP Paribas rose 2.8% 70.47.

Data from Reuters

Douglas A. McIntyre