30 October 2012 13:58 [Source: ICIS news]
LONDON (ICIS)--Post-Tropical Cyclone Sandy has moved inland from the US northeast coast after making landfall last night, and is moving through southern Pennsylvania, lashing the region with winds of up to 65 miles/hour (105km/hour).
Downgraded from hurricane status to post-tropical cyclone status since making landfall, Sandy’s centre was located around 15 miles (24km) east of York, Pennsylvania, at 0500 hours local time (0900 GMT), according to the National Hurricane Center (NHC).
Moving west-northwest at a speed of 15miles/hour, the cyclone is expected to pass through western Pennsylvania before turning north into western New York tonight, and is expected to reach Canada by Wednesday, according to the NHC. Gale-force winds are also expected in Virginia and New England.
Water levels along the coast have started to subside, but the combination of storm surges and the tide could still cause flooding in some areas, a public advisory said.
The cyclone has resulted in Wall Street remaining closed for a second consecutive day, with both the New York Stock Exchange and the Nasdaq exchange suspending trading on Tuesday, according to owners NYSE Euronext and Nasdaq OMX.
This year’s Atlantic hurricane season could cause up to $20bn (€15.6bn) in economic damages, according to consultancy EQECAT.
($1 = €0.78)
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