The Risk Intensifies
Hurricane Irma is changing course, now heading towards Florida’s west coast and around 6.5 million people are now ordered to evacuate. The Miami-Dade County is now experiencing its largest evacuation order in history.
Tornadoes are already on the loose and winds reach 193 kilometers (or 120 miles) an hour. Tampa and other cities near the Gulf of Mexico are now under severe risk and President Trump’s cabinet meets to discuss the crisis.
With damage estimations topping $200 billion, some speculate this could be the most expensive storm in the history of the United States.
Natural catastrophes can have a huge impact on economies, potentially affecting the price of commodities, currencies, indices, shares and ETFs. Numerous industries, businesses and people can be affected by a major weather event. Stay informed and follow the recent developments.