Breakfast briefing: Tuesday, January 24 (update)


Valued partner: MAS said it had entered into a codeshare partnership with Emirates, giving MAS passengers access to 90 locations in the United States, Europe, the Middle East and Africa, served from Emirates

MarketWrap: US stocks edged lower on Monday as early moves by President Donald Trump highlighting a protectionist stance on trade gave investors cause to rethink the post-election rally. - Reuters

The DJIA fell 27.4 points, or 0.14%, to 19,799.85, the S&P 500 lost 6.11 points, or 0.27%, to 2,265.2 and the Nasdaq dropped 2.39 points, or 0.04%, to 5,552.94.

Energy

Oil prices fell 1% on Monday as signs of a strong recovery in US drilling largely overshadowed news that Opec and non-Opec producers were on track to meet output reduction goals. Brent crude LCOc1 settled down 26 cents, or 0.5%, at US$55.23 a barrel. - Reuters

Forex summary

*The ringgit gained 0.11% to 4.4350 per US$

*It was 0.11% lower at 4.7670 per euro

*Down 0.64% to 5.5517 per pound sterling

*Down 0.01% to 3.1264 per Singapore dollar

*0.37% lower to 3.3643 per Aussie

*0.43% higher at 3.9223 per 100 yen

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