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SYDNEY Hydro Flask Hydration 21 Oz Standard Mouth Black UK Sale , June 26 (Xinhua) -- The Australian share market got out to a flyer on Monday, with gains across all sectors, following a sluggish performance last week.
At 10:47 local time AEST, the main S&PASX200 index was up 30.70 points, or 0.54 percent, to sit at 5,746.60 points, while the broader All Ordinaries index was also up 29.50 points, or 0.51 percent Hydro Flask Hydration 24 Oz Standard Mouth White UK Sale , to be 5,784.10 points.
The Australian market was "seeing support across the board" this morning, according to Michael McCarthy, chief market strategist at CMC Markets who told Xinhua that every official sector was tracking higher.
"Investors are buying the market, rather than individual stories," McCarthy said.
"Best performers so far are healthcare and consumer staples, so there has been a bounceback in those consumer stocks. Volumes are weak though, there doesn't appear to be much in the way of commitment."
One of the stocks McCarthy said was performing well was Metcash, who soared a whopping 7.31 percent this morning Hydro Flask Hydration 21 Oz Standard Mouth W/ Sport Cap Olive Green UK Sale , which the analyst attributed to them being able to "impress the market", and did not rule out the potential of a takeover by soon to be Australian disrupter, Amazon.
"I certainly think it is a potential takeover target. It has a logistic chain that is what anyone coming into the market like Amazon would need." McCarthy said.
To the banking sector, the Commonwealth Bank gained 0.30 percent, Westpac also did well, up 0.60 percent, the ANZ were strong, gaining 0.40 percent, and the National Australia bank rounded out the big four with a solid 0.44 percent lift at the open.
To mining Hydro Flask Hydration 21 Oz Standard Mouth W/ Sport Cap Lava Red UK Sale , and BHP did well in the early going, picking up 0.49 percent, Rio Tinto gained ground after news that Glencore revised their bid for the Coal & Allied assets, picking up 1.39 percent, Fortescue gained a healthy 0.86 percent, while Newcrest bucked the trend, and fell early, down 0.33 percent.
In the oil and gas majors, an uptick in the price of crude oil saw Woodside Petroleum pick up 0.65 percent Hydro Flask Hydration 21 Oz Standard Mouth W/ Sport Cap Black UK Sale , PNG-focussed Oil Search gained 0.46 percent, while Santos saw a huge 1.54 percent gain.
Grocery giant Woolworths tracked well early, gaining 0.91 percent, while rivals Wesfarmers also saw some gains, picking up 0.74 percent.
Telco giant Telstra were up 0.35 percent, biotech firm CSL gained 0.9 percent, while airline Qantas also gained 0.72 percent.
One Australian dollar is currently buying 75.66 U.S. cents, while crude oil is trading at 43.23 U.S. dollars per barrel.
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By Matthew Rusling
CORAL GABLES Hydro Flask Hydration 18 Oz Standard Mouth Cobalt Blue UK Sale , the United States, Sept. 20 (Xinhua) -- In parts of Coral Gables, a small city near Miami, even the smallest and oldest properties are worth millions of U.S. dollars. The biggest easily cost tens of millions, and home owners have million dollar yachts parked in waterways that lead right up to their door.
But sea levels in southern Florida are rising, and that could have a major impact on the area's high-value real estate -- some of the most expensive in the nation. The problem could have long-term ripple effects throughout the economy, from mortgage lending to insurance to taxes.
Coral Gables has 48 miles (77 kilometers) of coastline, and much of it is at one or two feet (30 to 60 cm) above sea level. Rising sea levels could flood roadways and coastlines, which could Hydro Flask Wine 10 Oz Wine Tumbler Black UK Sale , one day, have a dramatic impact on the local economy.
Southern Florida is a playground for the rich and famous, as well as a major retirement destination for many Americans, who have come to spend their golden years soaking up the sun and living a relaxed, seaside lifestyle.
The wealthy are also drawn to the area for the same reasons, and the area long ago opened up a major high-end property market, with gated communities where back doors lead right into gorgeous waterways.
But southern Florida lies on a bed of porous limestone. During high tides, flooding can -- and does -- occur on sunny days, without even a drop of rain. That's because high tides -- increasingly higher due to sea level rise spurred by climate change -- seep up through the drainage system and flood streets and roadways.
Rising sea levels could pose a host of related problems Hydro Flask Wine 10 Oz Wine Tumbler Mint Green UK Sale , such as problems for mortgage lenders, the city's mayor, Ral Valds-Fauli, told Xinhua.
Indeed, at some point, there may be problems in getting 30 year mortgages, as banks may not be willing to lend, since homeowners may be unable to re-sell the property in the long run, reducing their ability to pay off mortgages Hydro Flask Hydration 40 OZ Wide Mouth W/ Straw Lid Black UK Sale , experts said.
Property taxes could also be impacted, as home values could go down substantially, Valds-Fauli said, leaving possible local government budget shortfalls.
"That's a lot of money for us. We're not only going to have to see how we're going to replace that, but also see how we're going to take measures to combat what's happening," he said.
"We get 45 percent of our income from real estate taxes," he said of the local government.
But if banks and mortgage lenders are no longer willing, down the road, to provide mortgages due to fear of flooding Hydro Flask Hydration 64 Oz Wide Mouth Black UK Sale , that could lead to dramatically lower tax receipts.
Much of the area's high value real estate is either close to the waterfront or on canals. Many home owners have yachts parked in the water, which leads right up to their door.
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