Breakfast briefing: Tuesday, May 23 (Update)

Adding connectivity: The SmartLink technology in Ford's plug-in device allows models that do not come pre-equipped with a modem to be more connected. — Reuters

MarketWrap: US stocks rose on Monday, boosted by technology shares and by defense companies, which gained after the United States and Saudi Arabia signed a multi-billion dollar arms deal. The DJIA closed up 89.99 points, or 0.43%, to 20,894.83, the S&P 500 gained 12.29 points, or 0.52%, to 2,394.02 and the Nasdaq added 49.92 points, or 0.82%, to 6,133.62. - Reuters

Energy

Oil prices rose on Monday as growing confidence that top exporters would agree to extend supply curbs this week and speculation that the cuts could be deepened further pushed prices to their highest levels in more than a month. Brent futures rose 26 cents, or 0.5%, to settle at US$53.87 a barrel, - Reuters

Forex summary

*The ringgit gained 0.22% to 4.2950 versus the US$

*It lost 0.35% to 4.8316 versus euro

*Up 0.24% to 5.5792 per pound sterling

*Up 0.22% to 3.0988 per Singapore dollar

*Down 0.05% to 3.2141 per Aussie

*Flat at 3.8670 per 100 yen