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SYDNEY Nike Air VaporMax 97 Metallic Gold UK Sale , May 3 (Xinhua) -- The Australian share market has opened flat on Wednesday, with very low trading volumes throughout the early market action.


At 1047 local time AEST, the S&PASX200 index was down 5 points, or 0.08 percent, to 5 Men's Nike Air Max 97 UL'17 HAL Black UK Sale ,945.4 points, while the all inclusive All Ordinaries index was also slightly down by 3 points, or 0.05 percent, to 5,968.4 points.


Wednesday morning's trading volumes have been "unimpressive" according to Michael McCarthy Nike Air VaporMax 97 Beige White UK Sale , chief market strategist at CMC Markets, who told Xinhua on Wednesday that local investors are "caught between a rock and a hard place" during a continued patch of lower activity in the Australian market.


"Valuations look stretched, the market is near its highs, so where else are you going to put your money? We are a 'rabbit in the headlights' as a collective market," McCarthy said.


"Across the sectors there is not really a great deal of differentiation Nike Air Max 97 Ultra'17 Men's Pink Blush UK Sale , however, gold stocks are very much in favor this morning."


McCarthy did note a trend developing, with investors looking as though they have been pulling out of the big four banks as they announce their half yearly's, and rather, shifting that capital into some of the "smaller" banking institutions in Australia.


The banking majors had a poor start this morning Nike Air Max 97 UL '17 SE Black UK Sale , with the Commonwealth Bank of Australia dropping 0.04 percent, Westpac fell 0.34 percent, the ANZ also dipped, down 0.93 percent, while the National Australia Bank lost 0.49 percent in value.


In mining Supreme x Nike Air Max 98 Men's Black UK Sale , BHP Billiton took a dive, dropping 1.37 percent, Rio Tinto also lost ground, down 1.02 percent, Fortescue took a hit Supreme x Nike Air Max 98 KPU TPU Women's Pink Black UK Sale , down 0.57 percent, while Newcrest bucked the trend and posted a strong 0.81 percent gain.


The oil and gas giants posted some strong returns in the early going, with Oil Search rocketing up 1.9 percent, Santos also lifted 1.55 percent, while heavyweight Woodside Petroleum made a more modest gain Supreme x Nike Air Max 98 Men's White Grey UK Sale , up 0.73 percent.


Grocery giant Woolworths was down 1.19 percent in early trade, while rivals Wesfarmers had a strong open, up 0.73 percent.


Biotech firm CSL did well, up 0.62 percent, telco giant Telstra fell 0.47 percent Supreme x Nike Air Max 98 KPU TPU Men's Black UK Sale , while airline Qantas soared in the early going, up 0.92 percent.


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MELBOURNE， July 21 (Xinhua) -- World No.3 and tennis superstar， Roger Federer， will return to the Australian city of Perth to play in the 2017 Hopman Cup for the first time in 15 years， it was announced on Thursday.


The 34-year-old Swiss tennis legend， who last competed at the Perth tournament in 2002 with wife Mirka， said the Hopman Cup would be the "perfect" way to start off his 2017 season， and lead into the Australian Open which begins on January 16.


"I do remember it was a good preparation ... so I thought it would be nice to do it again. I'm very happy it's happening ... and I can't wait to come back because I think it will be the perfect tournament for me to start the season with，" Federer said in a video released by Hopman Cup organizers on Thursday.


The Hopman Cup is an Australian tournament that takes place in January where mixed-gender teams - one male player and one female - compete on a country-by-country basis.


Federer won the Perth competition in 2001 as a 19-year-old with fellow Swiss and champion women's player， Martina Hingis.


Now a 17-time Grand Slam winner， Federer said he was inspired to return to the tournament after watching it on television before the Australian Open earlier this year.


"I was watching on the television the Hopman Cup when Nick (Kyrgios) was playing and (Andy) Murray was playing and I just thought it would be cool to be a part of that，" he said.


"On TV it looked great， the atmosphere was really nice and the stadium looked fantastic so I look forward to playing in that environment."