"Several key measurements show the Australian share market is "due for a correction" following political uncertainty in the US, financial analysts warn.
Market sentiment turned overnight in response to fears President Donald Trump may not have support, even from within his own party, to pass a key healthcare reform bill.
Sellers turned to the Australian market this morning, wiping out much of this year's gain in the first few hours of trade.
CMC Markets stockbroking analyst Michael McCarthy said the uncertainty could have implications for Australia.
"It was an ugly day at the office today, in fact the biggest fall of 2017 so far for Australian shares," Mr McCarthy said.
"[There's] real pressure on banks due to concerns about rising costs, and real pressure on mining and energy shares after falls in commodity prices overnight meant that the Australian market was hit hard."
Cuddles arrived in Australia in 1977 with two other female African elephants. |
"The death of an African elephant at Dubbo's Taronga Western Plains Zoo has marked the end of an era for the species in Australia.
Cuddles was the zoo's oldest inhabitant and, according to the zoo, the last African elephant in captivity in Australia.
She arrived in 1977 from the United Kingdom with two other females and was estimated to be 46 years old.
Zoo staff had been monitoring Cuddles closely over the past week as her health had slowly declined due to digestive issues.
The Dubbo facility's director Matt Fuller said the elephant was very special to many people, including staff and visitors.
"She was a much loved member of the zoo community," Mr Fuller said.
"She's got a lot of history, not only with the zoo and the people who work within the zoo and the people who provide the care for her, but also the people who have grown up knowing that she is here each and every time they visit the zoo since those days when the gates opened 40 years ago."
Cuddles was the zoo's oldest inhabitant and, according to the zoo, the last African elephant in captivity in Australia.
She arrived in 1977 from the United Kingdom with two other females and was estimated to be 46 years old.
Zoo staff had been monitoring Cuddles closely over the past week as her health had slowly declined due to digestive issues.
The Dubbo facility's director Matt Fuller said the elephant was very special to many people, including staff and visitors.
"She was a much loved member of the zoo community," Mr Fuller said.
"She's got a lot of history, not only with the zoo and the people who work within the zoo and the people who provide the care for her, but also the people who have grown up knowing that she is here each and every time they visit the zoo since those days when the gates opened 40 years ago."
And if that story isn't bizarre enough for you, check out Chris Knowles' latest post at 'The Secret Sun' blog and bear in mind that "Cuddles" arrived in Oz 40 years ago in 1977.
And that the elephant is the symbol of the Republican party that Trump ran his election to the White House under.
The Present Can Only Be Viewed from the PastRex is Latin for king, it was the title of the kings of ancient Rome;-) |
"A Rex Airlines flight has made an emergency landing at Dubbo Airport, the carrier's second mid-air incident in a week, with a passenger reporting flames coming from flight 821's engine.
The pilot was forced to shut the engine down after a warning light came on about 10:10am, due to a temperature issue.
Tim Evans was one of 26 passengers on the Dubbo to Sydney flight that landed safely.
"Coming in for that landing was one of the scariest things I think I have ever had to endure," he said.
"It was a relief to get on the ground."
The plane is the same model as one that lost a propeller mid-flight over Sydney last Friday."
The pilot was forced to shut the engine down after a warning light came on about 10:10am, due to a temperature issue.
Tim Evans was one of 26 passengers on the Dubbo to Sydney flight that landed safely.
"Coming in for that landing was one of the scariest things I think I have ever had to endure," he said.
"It was a relief to get on the ground."
The plane is the same model as one that lost a propeller mid-flight over Sydney last Friday."
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