The recent weather conditions in the US are registering the warmest 12 months on record. This matters to binary option investors for a variety of reasons because these developments will influence the stock prices of some companies.
For instance, the warm weather suggests that there will be a larger electricity consumption for the period. This in turn will affect revenues and eventually share prices of the electricity giants. Furthermore, the drought caused from the high temperatures will affect the well-being of the agricultural sector.
North America just experienced the all-time warmest June on record, at 2.34°F above average.
Moreover, the average temperature in June was 71.2°F, which is 2.0°F above the 20th century average, contributing to a record-warm first half of the year and the warmest 12-month period the nation has experienced since record-keeping began in the distant 1895.
Additionally, the USA experienced its tenth driest June on record.