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Stock impact report

Why Australia is battling floods again [Financial Post (Toronto, Ontario, Canada)]

Aon plc Class A Ordinary Shares (Ireland) (AON) 
Last aon plc class a ordinary shares (ireland) earnings: 5/1 06:00 am Check Earnings Report
Company Research Source: Financial Post
Advertisement Some areas in New South Wales state have received a month’s rain in the past two days, swelling rivers and forcing Sydney’s main dam, the Warragamba Dam, to spill on the weekend. Flooding in March and April in New South Wales and southeast Queensland state resulted in A$4.8 billion ($3.3 billion) in insured damage, the Insurance Council of Australia estimated. WHAT IS CAUSING THE INCESSANT RAIN? Australia has been exposed to the La Nina weather phenomenon in the Pacific Ocean two years in a row, which typically brings above average rainfall on the east coast. The La Nina event ended in June, but there is a 50-50 chance it may re-form later this year, the Bureau of Meteorology said. Warm ocean sea surface temperatures and another phenomenon, the Indian Ocean Dipole, are bringing wetter than normal weather. The Indian Ocean Dipole index turned negative in May, increasing the chances of above average winter and spring rainfall for most of Australia, the weather bureau Show less Read more
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