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Berani
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10-Dec-2018 10:15

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Premier ( Date: 02-Jun-2017 08:41) Posted:

BREAKING: Asia opens higher after Wall Street closes up US to withdraw from Paris accord × Asia opens higher after Wall Street closes up US to withdraw from Paris accord Markets in Asia were higher in early trade following the release of strong economic data stateside, including better-than-expected ADP private payrolls figures President Donald Trump announced the U.S. would withdraw from a landmark climate agreement Asian markets were in the green in early Friday trade, after the release of strong private payrolls stateside and as President Donald Trump announced the U.S. would be withdrawing from the Trump said on Thursday that the U.S. would withdraw from the climate agreement, but wanted to negotiate for new arrangements that were more "fair" to the U.S. In response, European leaders, including German Chancellor Angela Merkel, said in a statement that the Paris agreement "cannot be renegotiated." The agreement aims to ensure global temperatures do not rise more than 2 degrees Celsius above pre-industrial levels. Meanwhile, U.S. private payrolls data for the month of May raised market expectations for the upcoming nonfarm payrolls report due Friday U.S. time. The ADP report reflected that private sector employment rose by 253,000 jobs compared to forecasts of 185,000. In Asia, the Nikkei 225 was up 0.56 and Australia's S&P/ASX 200 added 0.22 percent in early trade. South Korea's benchmark Kospi index was higher by 0.39 percent as markets digested the release of revised Q1 GDP, which reflected the economy grew 2.9 percent on year compared to the 2.7 percent forecast. Shares of Japanese automakers traded higher early on Friday after May auto sales in the U.S. reflected that Nissan and Honda recorded increases in sales on year, but Toyota fell just short. Nissan shares jumped 1.12 percent, Honda was up 1.06 percent and Toyota was higher by 0.5 percent. Korean automakers were in the red after U.S. auto sales reflected weaker sales in May on year for Hyundai Motor and Kia Motors. Hyundai was down 0.91 percent and Kia was down by 0.76 percent. Gaming stocks in Macau are likely to be in the spotlight after revenues rose amidst the ongoing anti-corruption drive and capital controls in China. Gaming revenues surged 24 percent to 22.7 billion Macau patacas ($2.83 billion) in the month of May, according to Reuters. The dollar was firmer against a basket of six major currencies: The dollar index traded at 97.175 at 8:00 a.m. HK/SIN, which was off a low of 96.858 set in the last session. Dollar/yen was also stronger, with the greenback fetching 111.45 yen ? higher than levels around 110.8 seen earlier in the week. The Australian dollar was steady following two consecutive sessions of declines. The Aussie traded as low as $0.7368 in the last session after the release of weaker-than-expected private sector manufacturing numbers out of China yesterday. The Aussie traded at $0.7380 at 8:00 a.m. HK/SIN. Oil prices were lower on worries about oversupply in markets. U.S. crude was down 0.97 percent at $47.89 a barrel and Brent crude was 0.85 percent lower at $50.20. Over on Wall Street, stocks closed the session higher following the release of stronger economic data, with all three major indexes closing more than 0.6 percent up.

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Premier
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02-Jun-2017 08:41