Here are some notes the Briefing.com posted about this morning’s explosions in London:

06:05 Three blasts cause fatalities in London - Reuters

According to Reuters, three explosions rocked London’s transport system at rush-hour on Thursday morning causing “some fatalities,” according to a source at the Metronet consortium that runs part of the capital’s underground network. “There were three explosions and there have been some fatalities,” said the source, adding the blasts had appeared to hit the Metropolitan Line.

06:14 European Markets Pressured by London Bomb Blasts: UK -2.4%, France -3.2%, Germany -2.9%, Italy -3%, Sweden -2.2%

06:16 Watch for potential weakness in US Airline stocks in reaction to London bomb blasts: NWAC, DAL and AMR… also travel names such as PCLN, IACI, TZOO

06:20 European Stocks, U.K. Pound Slump on Explosions; Bonds Advance - Bloomberg.com

Bloomberg.com reports that European stocks slumped after London’s public transport system was hit by explosions, sending the Dow Jones Stoxx 600 Index toward its biggest drop in more than two years. The U.K. pound and bond yields globally also slid. Police said blasts occurred in “multiple locations.” A bus exploded near Russell Square, causing “numerous casualties,” a police statement said. Stations in and around the city’s financial district, including Liverpool Street, Aldgate, Edgware Road and King’s Cross, were evacuated after blasts were reported on underground train links. Scotland Yard said the first blast was reported at 8:50 a.m. local time. “Investors are selling all asset classes because they are fearful this could be the beginning of a new terror campaign,” said a fund manager at Brussels-based Petercam, which oversees about $9.1 bln.

06:21 CNBC reports London Stock Exchange to remain open; reports preliminary casualties of 20

06:32 Swiss franc surges, sterling sinks after London blast — Reuters

Reuters reports that the Swiss franc hit a one-month high against sterling and also rose more than 1 percent versus the dollar on Thursday on news that the London underground system was closed after a series of incidents including explosions. “The market is moving on this. The Swiss franc is rising because it is seen as an ultimate safe haven. Sterling has also moved a bit,” said Shahab Jalinoos, senior currency strategist at ABN Amro.

06:35 After initial spike to $62 area, Crude Oil has plunged more than $4.00 following London explosions

06:36 BBC quotes sources who say 6 blasts in Central London is the work of Al Qaeda

06:39 CNBC reports AP quoting Senior Israeli official saying Scotland told Israel minutes before explosion it received warning of possible terrorist attacks

06:40 AP says British police said minutes before attack that it had received warning of possible terror attacks in London

06:51 European Indices extend losses: UK -3.4%, Germany -3%, France -3.5%, Norway -4%, Italy -4%, Sweden -3.5%

07:06 Tony Blair speaks on London explosions; says it is reasonably clear explosions were an act of terrorism

07:16 Treasury market seeing flight-to-quality bid, 10-year +20/32nds yielding 3.989%

07:22 Trader Talk: Crude oil

Crude oil futures are pointing to a much lower opening on the heels of London bombings as traders speculate that immediate demand for jet fuel and diesel fuel will ease as transportation suffers on renewed terrorism fears. Feedback suggests that hotels, airlines, rails, online travel sites, and leisure/entertainment places like Disney as well as casinos may suffer near-term on heightened consumer hesitations to travel.

07:29 U.S. Homeland Security says no intelligence indicating attack similar to London blasts planned in U.S. - Reuters

07:30 Commodity Update

Crude futures under significant pressure, nearby contract at $59.60 (-1.68). The Aug contract hit a high overnight of $62.10, followed by a steep drop to $57.20. Traders bet attacks in London will lower demand for oil. Financial Times reports that OPEC will be unable to meet western oil demand by 2020 (Bloomberg.com). According to Bloomberg, crude supplies are expected to decline by 1.63 mln barrels in the week ended Jul 1. Gasoline supplies are forecasted to come in unchanged at 216.2 mln, distillate expected to rise by 1.5 mln barrels. Also, energy market will need to contend with tropical storm Dennis… Gold futures seeing safe-haven buying, nearby contract at $429.40 (+4.90).

07:33 Floor Talk: Gold

Gold prices have spiked 1.3% this morning, the most in 3 weeks of trading, as the yellow metal sees flight to quality buying from investors after the London terror acts. (Note that gold prices soared nearly 5.5% immediately following the terror attacks of 9/11). (My note — keep an eye on GLD)

07:34 Previously unknown group claims London attacks in name of Al-Qaeda, according to Italian news agency - Reuters

07:58 FBR homeland security analyst lists stocks that may trade higher on London attacks

On Bloomberg TV, Friedman Billings Ramsey homeland security analyst listed stocks that may trade higher on London attacks: AH, CDCY, LLL, MANT, SRA.

08:05 CNBC reports that Bank of England says it has not intervened in the markets


08:11 The ‘Usual Suspect’ Security plays trade up sharply on London attacks: TBUS +59%, IPIX +42%, MACE +32%, ISON +22%, AATK +20%, MAGS +16%

08:12 Al Qaeda Statement Warns Denmark, Italy to Pull Out of Iraq — Bloomberg