SCOREBOARD: Storm damage

As Wall Street remained closed amid devastation in New York, European markets shot up.

Hurricane Sandy made landfall yesterday and of course US markets were closed for the second straight day. So far we’re looking at 35 fatalities and while the storm has passed the clean-up could take the rest of the week in some areas. Eight million people have lost power in the wake of the storm and while most of those are in New Jersey, New York and Connecticut, the outages extends as far as West Virginia and Ohio. For New York City, the latest reports suggest that some parts of the subway system won’t be fully operational for the rest of the week, or most of it. For now then it’s about cleaning up and restoring services. The major exchanges report they will be open tonight so it will be trading as usual – if people can get to work.


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