Breakfast briefing: Friday, February 24 (Update)


MarketWrap: US stocks edged higher on Thursday, buoyed by energy stocks and a renewed pledge by President Donald Trump to chief executives of major US companies to bring back millions of jobs to the United States. - Reuters

The DJIA rose 34.72 points, or 0.17%, to 20,810.32, the S&P 500 gained 0.99 points, or 0.04%, to 2,363.81 and the Nasdaq dropped 25.12 points, or 0.43%, to 5,835.51.

Energy

Oil prices rose on Thursday but gains were pared after US government data showed a seventh straight build in crude stocks, suggesting high inventories could undermine Opec's move to cut output. Benchmark Brent crude oil LCOc1 rose 74 cents a barrel to settle at US$56.58 after touching a high of US$57.26. - Reuters

Forex summary

*The ringgit gained 0.06% to 4.4592 per US$

*It lost 0.14% to 4.7028 versus euro

*Down 0.51% to 5.5785 per pound sterling

*Down 0.33% to 3.1582 per Singapore dollar

*0.18% lower to 3.4281 per Aussie

*0.28% higher at 3.9402 per 100 yen


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