Markets in Europe were off at 6.35 AM New York time.

The FTSE was down 1.7% to 5,977. Barclays (BCS) was down 2.4% to 445.  BHP Billiton (BHP) was off 5% to 1831.

The DAXX dropped .9% to 6,733. Bayer was up 2.6% to 53.36. SAP (SAP) was down 1.7% to 32.11.

The CAC 40 was off 1.2% to 4,887. Alcatel-Lucent (ALU) was down 1.6% to 3.99. ST Micro (STM) was down 2.1% to 6.94.

Data from Reuters

Douglas A. McIntyre