that's hardly a response to anything. The market moves in that amount (and larger) every day.
That's more likely a response to the Jobs Announcement...
The announcement came after the market closed, didn't it?
Also the announcement wasn't a surprise. To whatever degree this announcement might have an effect on future corporate earnings (a fairly dubious connection imho) it was already priced in.
You make it sound like those "pledges" are binding or even difficult to make happen.
Keeping a 0% change for China while trying to convert from a developing to a fully industrialized nation is very difficult and ambitious, actively reducing our emissions is just going to happen anyway because of the uptake in non-fossil energy sources.
Re:US quits Paris climate pact
by dguaraglia on Thursday June 01, 2017 @06:58PM
(#14465699)
If you take Trump's word on anything related to global economy and international relationships, you probably deserver what's gonna happen to the US economy thanks to his stupidity.
US is getting off pretty easily here, since we're only making pledges about the future, and not having to pay for what we're already putting out there.
The Paris Accord according to President Trump would have allowed China to do whatever they want for the next 13 years, while India would receive billions in aid.
http://climateactiontracker.org/countries/usa.html - US Pledges ( 26-28%)
VS.
http://climateactiontracker.org/countries/china.html - China Pledges (0%)