Markets in Europe were off sharply at 6.30 AM New York time.
The FTSE fell 2% to 5,662. Barclays (BCS) fell 3.9% to 443. British Air fell 5.5% to 229.25. Rio Tinto (RTP) fell 2.8% to 5292.
The DAXX dropped 2.5% to 6,437. Commerzbank was down 5.3% to 18.41. Deutsche Bank (DB) was off 3.2% to 70.97. Siemens (SI) was off 3.1% to 80.06.
The CAC 40 was off by 2.5% to 4,580. Credit Agricole was off 4.3% to 17.7. BNP Paribas was down 4.6% to 56.81.
Data from Reuters.
Douglas A. McIntyre
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