STOCK MARKET WATCH -- Monday, 29 October 2012

[Ghost Dog]

4. All US Equity Markets Closed Due To Sandy

So only Wall St's Dark Pools will be doing businesss in NY, I guess. But the rest of the world's markets are open. How does this affect trade in, eg. warrants and the like on US equities traded in London or on Eurpoean exchanges?

Hurricane Sandy puts pressure on European markets

The prospect of a two-day shutdown for Wall Street markets due to the threat of Hurricane Sandy meant European trade was under pressure today.

The superstorm also had a bearing on the insurance sector as the US east coast prepares for the possibility of 70mph winds and an 11-foot storm surge.

The FTSE 100 Index was 21.2 points lower at 5785.4 after a mixed session for markets in Asia, where investors were focused on whether the Bank of Japan will announce new measures to help the country's economy this week.

Among the session's biggest movers in London, insurance underwriter Catlin was 5% or 22.1p lower at 451p in the FTSE 250 Index due to the storm fears, while counterpart Hiscox was down 11.85p to 472.35p...

/... http://www.heraldscotland.com/business/markets-economy/hurricane-sandy-puts-pressure-on-european-markets.1351502086

... "The volumes are dire," ... Only 4.7 percent of the average 90-day daily trading volumes has gone through in the first 45 minutes of activity, adding to already quiet conditions which have not really recovered from a traditional summer lull...

/... http://uk.reuters.com/article/2012/10/29/uk-markets-britain-stocks-idUKBRE8710BE20121029