Breakfast briefing: Wednesday, May 10


MarketWrap: The S&P 500 fell on Tuesday after edging up to an intra-day record high for the second straight session, while Apple became the first US company to close with a market capitalisation above US$800 billion. The DJIA declined 0.17% to end at 20,975.78 points, the S&P 500 lost 0.10% to 2,396.92 points and the Nasdaq added 0.29% to close at a record high of 6,120.59, helped by Apple. - Reuters

Energy

Oil prices fell on Tuesday, rattled by concern over slowing demand, a rising US dollar and increasing US crude output that has shaken investors' faith in the ability of Opec to rebalance the market. Brent futures lost 61 cents, or 1.2%, to settle at US$48.73 a barrel. - Reuters

Forex summary

*The ringgit lost 0.26% to 4.3472 versus the US$

*It gained 0.06% to 4.7352 versus euro

*Down 0.10% to 5.6274 per pound sterling

*Up 0.06% to 3.0829 per Singapore dollar

*Down 0.09% to 3.1968 per Aussie

*0.15% lower to 3.8198 per 100 yen

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Positive outlook for ringgit this year
CGS MY rebrands, targets to hit over RM300mil revenue by 2027
Prime residential, KL city submarket expected to stay dynamic - JLL Malaysia
JD Sports to buy US rival Hibbett in US$1.08bil sportswear retail deal
Gold prices hit 2-1/2-week low as Middle East tensions ease
Oil prices stabilise, Middle East tensions remain in focus
Sunway Property to preview RM1.28bil Sunway Velocity 3 on May 4
More funding needed for developers
Citi appoints Amit Dhawan as head of Citi Commercial Bank for Singapore
Cypark's LSS3 hybrid solar plant achieves initial operations

Others Also Read