(As of 7:20am, PST)
The lead story around the world this morning surrounds the
deadly terrorist attacks at the Belgium airport that occurred early Tuesday
morning. Early reports confirmed that 28 are dead and dozens injured after a
bomb went off at the Zaventem airport in a Brussels suburb. Our thoughts and
prayers go out to all who are affected by this terrible tragedy. As would be
expected, investors are remaining cautious in the wake of yet another attack.
In early trading, all of the major indices are trading down as are all of the
European markets. There is a flight to safety as both gold and U.S. Treasury
prices are up in the early going. The attack in Belgium will be the main focal
point today, but there is other economic news that investors will be digesting.
The Markit survey on U.S. manufacturing came out this morning and showed that
manufacturers grew slightly faster in March, but experts say that demand is
subdued and many companies are trying to work off excess inventories. This
report is likely to weigh on the manufacturing sector. Earnings from Nike and
Carnival are on tap today but all eyes will be on the news in Belgium.
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