TREE NEWS update: The World Meteorological Organization said on 8 November that a strengthening El Nino is expected in the fourth quarter, with record sea surface temperatures in the central and eastern tropical Pacific. In its monthly Global Seasonal Climate Update, the WMO said the phenomenon will peak in December, likely pushing temperatures above average across much of the world, shifting rainfall patterns and raising drought and flood risks.
WMO Forecasts Strengthening El Nino in Q4 2023
AI take
The WMO's call matters less as a weather headline than as a forward-looking input for markets that price climate risk, from agriculture to catastrophe bonds and the carbon complex. A December peak implies the physical disruption lands in the same window as year-end positioning, when liquidity is thin. Whether forecasters converge on the intensity the WMO describes is the open question worth tracking.
Generated by AI for reference only.
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