Global markets and U.S. futures are falling after several explosions rocked Brussels, the capital of Belgium.
Twin blasts hit Brussels airport early Tuesday. They were followed by an explosion in a subway station in the city. Local media said at least 13 people were killed, and 35 wounded.
Brussels is the de-facto capital of the European Union. Many European institutions and international companies are based there. The airport is closed, and train and subway services have been suspended.
Here are the four things you need to know before the opening bell rings in New York:
U.S. stock futures are down.
1. International markets overview: All European markets opened lower following the explosions in Belgium.
France’s CAC and Germany’s DAX are down 1%, and the FTSE in the U.K. is slipping. Asian markets closed the session mixed.
The euro is trading lower against most major world currencies.
2. Stock market movers — Airlines, airports, hotels: Airline stocks across Europe are falling sharply.
Air France-KLM, British Airways operator IAG, and Lufthansa are all down by between 3.5% and 4%.
Hotels group Accor is down 5%, and Intercontinental Hotels is 3% lower. Airport operators are also slipping. Fraport, which operates a major hub in Frankfurt is down 2%, as are shares in Aeroports de Paris.
3. Earnings and economics: Nike, Krispy Kreme: Krispy Kreme is reporting after the closing bell.
Nike will report third quarter results after the close. Nike revealed its self-tying sneakers last week. The company has been a top performer, but its rival Under Armour has been nipping at its heels lately.
U.K. inflation data is expected early Tuesday. The prestigious German Ifo institute will report on business climate and expectations.
4. Monday market recap: The Dow Jones industrial average and the S&P 500 were each up 0.1%, and the Nasdaq gained 0.3%.
