FXstreet.com (Barcelona) - Following the major destruction caused by hurricane 'Sandy' along the Eastern coast of the United States, which led to the closure of the NYSE, NASDAQ and bond markets in the first two days of the week, not to mention the sad news of at least 30 deaths, authorities announced trading will resume at 9:30 am NY time on Wednesday.
As reported by CNBC, citing Duncan Niederauer, CEO of NYSE Euronext, in a statement: “We are pleased to be able to return to normal trading tomorrow. Our building and systems were not damaged and our people have been working diligently to ensure that we have a smooth opening tomorrow.” The NYSE needs over 100 staff and traders to open, according to exchange officials.
Despite most regular commuters and business owners, which had to be evacuated off hazardous areas, may start to get back to business as usual this Wednesday, market analysts are calling for an inevitable downward revision in the US GDP for the fourth quarter, with the shortage of economic output thought to be around $25 billion in Q4.
Traders have been kind of lost the first trading days without trading activity in the US, and with more earnings coming down the pipe, top-tier economic releases including the NFP on Friday, the election just days away, the market be set for some unusual and abrupt moves as big players adjust positions and catch-up with latest market news after a long 'unexpected' weekend.
As reported by CNBC, citing Duncan Niederauer, CEO of NYSE Euronext, in a statement: “We are pleased to be able to return to normal trading tomorrow. Our building and systems were not damaged and our people have been working diligently to ensure that we have a smooth opening tomorrow.” The NYSE needs over 100 staff and traders to open, according to exchange officials.
Despite most regular commuters and business owners, which had to be evacuated off hazardous areas, may start to get back to business as usual this Wednesday, market analysts are calling for an inevitable downward revision in the US GDP for the fourth quarter, with the shortage of economic output thought to be around $25 billion in Q4.
Traders have been kind of lost the first trading days without trading activity in the US, and with more earnings coming down the pipe, top-tier economic releases including the NFP on Friday, the election just days away, the market be set for some unusual and abrupt moves as big players adjust positions and catch-up with latest market news after a long 'unexpected' weekend.
