SCOREBOARD: Eye of the storm

As US markets weathered a historic closure there were strong movements on the commodities front.

US markets were closed last night and now look set to be closed again tonight – for the first time since 1888 that weather caused a two day shutdown of the exchange. It’s all about Hurricane Sandy and US landfall is expected as a sort of category 1 hurricane in the early evening, which makes around 0900 AEDT Australian time. Normally category 1 hurricanes aren’t expected to cause much damage, with winds of about 145km – just to trees and mobile homes etc. However Sandy is mixing with a winter-time low pressure area which makes its impact harder to predict – no core as you see with a tropical cyclone.

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