Vladimír Urbánek (Kurzy.cz)
World markets  |  October 29, 2012 09:30:00

Equity markets in the U.S. will be closed today due to extremely Sandy

The U.S. Securities and Exchange Commission (SEC) decided today that the U.S. equity markets remain extremely closed today due to the threat of Hurricane Sandy, which heads to the North East coast of the U.S..
According to current forecasts, Sandy would be the worst storm of its kind in the last 100 years. SEC therefore, after the previous step alone NYSE decided for safety reasons to let the world's major stock exchanges closed.
Systems themselves, of course, to smoothly operate, but the storm restrict access to many market participants to trade, which could have serious consequences. Therefore, markets will be closed until "straighten" access for all investors.

NYSE, NASDAQ decided together with the conclusion of its previously with the fact that it may be extended to the current situation Tuesday.
Trading will be suspended also for option trades.

Last NYSE trading abolished partly because of the weather in 1996, when trading limit large heavy snowfall, the whole day was canceled last seen in September 1985 due to Hurricane Gloria.

Sandy should the northeast coast with full force to arrive on Tuesday. The Caribbean hurricane have claimed over 60 lives. The biggest concern seems there are possible local flooding, which could cause a hurricane, also expect massive cuts in supply of electricity.

Because Sandy was already canceled about 7,100 flights.
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