Western Europe – mkts gaining on low volume as little macro data and company information provides no direction. Siemens losing over 2% as it unexpectedly announces EUR2.5bn convertible bond sale. Zurich Financial gains over 9% as results for Q1 please investors. Fortis and Swiss Re follow close behind, both gaining over 3.5% each. BT Group up over 3% as results better than expected. British banks (Prudential, Barclays, HBOS, RBS) on the weak side.