Bloomberg Business
-Stocks: The Standard & Poor’s 500 Index declined 0.1 percent at 10:40 a.m. in New York, as the gauge fell from its highest level of the year. Transportation stocks posted the biggest decline out of 24 groups, with Delta Air Lines Inc. and American Airlines Group Inc. losing more than 1.8 percent. The benchmark index pared losses amid a rebound by health-care and utility companies. The Stoxx Europe 600 Index slumped 0.5 percent, after losing as much as 1.6 percent. Belgium’s Bel20 Index also pared declines, dropping 0.1 percent. On Nov. 16, the first day equities traded after the Paris terror attacks, France’s CAC 40 Index ended little changed.
-Currencies: The yen jumped against almost all Group-of-10 currencies. The euro weakened for a third day, dropping 0.1 percent to $1.1232. Sterling was the worst-performer, falling for a second day against the dollar and euro, with Britain due to hold a referendum on European Union membership in June. “The most negative reaction is for GBP,” Athanasios Vamvakidis, head of Group-of-10 currency strategy at Bank of America Merrill Lynch in London, wrote in e-mailed comments. “Any events that could give, to some people, arguments against migrants and refugees — such as a terrorist attack — could increase ‘Brexit’ risks.”
-Bonds: The euro-area’s benchmark German bunds rose, while Belgian bonds were little changed. Germany’s 10-year yield fell as much as five basis points to 0.18 percent, while the Belgian 10-year yield dropped one basis point to 0.61 percent. The rate on similar-maturity U.S. Treasuries declined three basis points to 1.89 percent. Belgium is on high alert after the capture of Paris terror attacks suspect Salah Abdeslam, believed to be the only surviving participant of the November massacre that left 130 people dead. Abdeslam faces a Brussels court decision on Wednesday on whether to extend a Belgian arrest warrant issued on Saturday.
-Commodities: West Texas Intermediate dropped 0.3 percent to $41.39 a barrel in New York, amid speculation that some major oil producers, including OPEC members, are not planning to join an output freeze aimed at stabilizing prices. Futures fluctuated earlier in the day following the explosions in Brussels. Libya will skip an oil producers’ meeting to discuss an output freeze in Doha on April 17, according to a person familiar with the matter. About 15 or 16 nations will attend the discussions in Qatar’s capital, said Abdalla El-Badri, secretary-general of the Organization of Petroleum Exporting Countries. Gold in the spot market rose as much as 1.4 percent and traded up 0.8 percent at $1,254.41 an ounce. Nickel pared losses, dropping 0.2 percent to $8,755 a metric ton on the London Metal Exchange.
CNN Money
– International market overview: U.S. stocks are off slightly. The Dow fell 63 points soon after the opening bell, while the S&P 500 is off 0.5%. All European markets opened lower following the explosions in Belgium. France’s CAC is down by 1% and Germany’s DAX index has fallen 0.6%. The FTSE in the U.K. is also lower. The euro is trading lower against most major world currencies.
– Stock market movers — Airlines, airports, hotels: Stocks of airline, airport and hotel companies are sharply lower. In the airline sector, Ryanair (RYAAY), EasyJet (ESYJY), Air France-KLM (AFLYY), Lufthansa (DLAKF) and British Airways operator IAG are all seeing their stocks drop by as much as 4.5%. American Airlines (AAL), Royal Carribbean Cruises (RCL), Carnival (CCL), Marriott (MAR), Priceline (PCLN, Tech30), United (UAL), Expedia (EXPE), TripAdvisor (TRIP) are all off about 2% each. Hotels group Accor (ACCYY) is down about 4%, and shares in InterContinental Hotels (IHG) are also sliding by more than 2%. Airport operators are also in the red. Fraport, which operates a major hub in Frankfurt is down 2%, and shares in Aeroports de Paris are down about 4%.
-Earnings and economics: Krispy Kreme (KKD) and Nike (NKE) are both reporting third quarter results after the closing bell. Nike revealed self-tying sneakers last week. U.K. inflation data is expected early Tuesday. The prestigious German Ifo institute will report on business climate and expectations.
– Monday market recap: The Dow Jones industrial average and S&P 500 were each up 0.1% on Monday, and the Nasdaq gained 0.3%.