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Life Jacket ‘Graveyard’ Shows Magnitude Of Refugee Crisis

Abandoned life jackets pile up in Greece showing the horrific magnitude of the refugee crisis NBC News reports: “People are still dying in these waters”: At a dumping ground for lifejackets used by refugees fleeing to Europe in the worst refugee crisis since World War II, American volunteers find fake jackets stuffed with newspaper and floatation devices more suited to kiddie pools than the stormy Mediterranean Sea.

Frontrunning: March 22

  • Brussels Rocked by Deadly Attacks With Blasts at Airport, Subway (BBG)
  • Death count climbs in Brussels blasts (Reuters)
  • Europe on High Alert After Blasts in Belgium (WSJ)
  • Brussels Phone Users Urged to Text Not Call as Networks Jammed (BBG)
  • U.S. Embassy Urges Citizens in Brussels to Shelter in Place (BBG)
  • Oil prices swept lower after Brussels blasts spook investors (Reuters)
  • Democratic Party workers pore over videos in bid to hobble Trump (Reuters)
  • Trump's Republican Turnout Boost Extends to Battleground States (BBG)

Belgium Cancels All Air, Rail Traffic Into/ Out Of Brussels; Military Deployed

In the wake of the three (and now possibly four) explosions that rocked Brussels on Tuesday morning, Belgium has cancelled all air and rail traffic to the city

Eurostar has suspended all service to Brussels following a deadly explosion at Maelbeek metro station were more than 20 were reportedly killed this morning. 

Meanwhile, all flights from the Brussels airport are cancelled. 

Global Markets, S&P500 Futures Fall After Brussels Bombings

This morning's Brussels bomb attacks have led to risk-off sentiment across European asset classes, with Bunds higher and equities firmly in the red, although if the Paris terrorist attacks of November are any indication, today's tragic events may be just the catalyst the S&P500 needs to surge back to all time highs. FX markets have also been dominated by events in Brussels, with USD and JPY strengthening, while EUR and GBP softening throughout the European morning.

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