Breakfast briefing: Wednesday, May 3 (update)


Digital service: Coinbase offers services for buying, selling, sending, receiving, and storing bitcoin. — Reuters

MarketWrap: Wall Street edged higher on Tuesday as gains for the tech and industrial sectors countered weakness in auto and energy stocks and investors digested a heavy day of earnings reports. The DJIA rose 36.43 points, or 0.17%, to 20,949.89, the S&P 500 gained 2.83 points, or 0.12%, to 2,391.16 and the Nasdaq added 3.76 points, or 0.06%, to 6,095.37. - Reuters

Energy

Brent crude oil prices fell on Tuesday to its lowest level in over five months, erasing all of the gains since Opec agreed to cut production at the end of November, after breaking through a key technical support level. Brent LCOc1 futures fell US$1.06, or 2.1%, to settle at US$50.46 a barrel, the lowest close since Nov. 29 - the day before Opec agreed to cut supply. - Reuters

Forex summary

*The ringgit gained 0.31% to 4.3150 per US$

*It was 0.31% higher at 4.7171 per euro

*Down 0.16% to 5.5854 per pound sterling

*Up 0.22% to 3.0961 per Singapore dollar

*0.61% higher to 3.2396 per Aussie

*0.34% higher at 3.8526 per 100 yen

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