The world is currently a very fragile place and the sad news continues 9 Sept

  • the number of people killed by a powerful earthquake off the southern coast of Mexico has risen to at least 61, officials say
  • 45 deaths had been reported in Oaxaca, 12 in Chiapas and four in Tabasco.
  • a huge rescue operation is under way in the worst-hit states of Tabasco, Oaxaca and Chiapas where people are feared trapped under rubble
  • President Enrique Peña Nieto says at least 200 people have been injured
  • a day of mourning declared

The 8.1-magnitude quake, which hit late on Thursday, was the strongest to hit the region in a century.

The BBC has more here.

Meanwhile our thoughts and concerns also go out to all caught up in hurricanes devastating the Caribbean and about to weak havoc on Florida and surrounding areas.

Says the BBC:

Hurricane Irma is lashing Cuba with strong winds and heavy rain after devastating several Caribbean islands.

The category five storm made landfall on the Camaguey Archipelago, off the north-eastern coast but the Bahamas have largely been spared after Irma changed track.

In Florida, 5.6 million people, or 25% of the US state's population, have been told to leave as the storm approaches. At least 20 people are known to have died so far across the Caribbean.

This is the first time a category five hurricane has hit Cuba in decades

About 50,000 tourists are fleeing or have fled Cuba, with resorts on the north coast now empty.

Sad times for all involved and, regardless of any market impact, certainly puts concerns/stress over FX moves firmly in perspective.