Breakfast briefing: Tuesday, May 30 (Update)


MarketWrap: Asian equity futures signalled a mixed start to Tuesday while the euro slipped after Mario Draghi’s dovish message to the European Parliament and investors assessed the path for higher US borrowing costs. Hong Kong is on holiday on Tuesday and markets in China are shut for a second day after the UK and US were closed Monday, depressing volumes and limiting price movements. - Bloomberg

Energy

Oil prices rose slightly on Monday, barely paring last week's steep losses with the market remaining cautious as increases in US drilling activity have undercut an Opec-led push to tighten supply. Brent crude futures LCOc1 settled up 14 cents, or 0.2%, at US$52.29 per barrel. Brent fell nearly 3% the previous week .- Reuters

Forex summary

*The ringgit lost 0.26% to 4.2832 versus the US$

*It gained 0.34% to 4.7654 versus euro

*Up 0.04% to 5.4878 per pound sterling

*Down 0.02% to 3.0881 per Singapore dollar

*Down 0.11% to 3.1800 per Aussie

*Down 0.65% to 3.8647 per 100 yen

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