Breakfast briefing: Friday, June 2 (Update)


MarketWrap: US stocks advanced on Thursday, with each of the major US indexes notching record highs, after a batch of economic data suggested the economy was picking up speed. The DJIA rose 135.53 points, or 0.65%, to end at 21,144.18, the S&P 500 gained 18.26 points, or 0.76%, to 2,430.06 and the Nasdaq added 48.31 points, or 0.78%, to 6,246.83. - Reuters

Energy

Oil prices were mixed on Thursday, with Brent crude down on concerns that key producers were still adding to the global crude glut but US crude up slightly after a larger-than-expected domestic inventory drawdown. US crude futures CLc1 settled up 4 cents at US$48.36 a barrel, while Brent LCOc1 ended down 13 cents at US$50.63. - Reuters

Forex summary

*The ringgit gained 0.07% to 4.2835 versus the US$

*It gained 0.20% to 4.8054 versus euro

*Up 0.05% to 5.519 per pound sterling

*Up 0.23% to 3.0902 per Singapore dollar

*Up 0.44% to 3.1637 per Aussie

*Up 0.31% to 3.8370 per 100 yen

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