Breakfast briefing: Friday, April 21 (Update)


The EPF bought nearly 20 million IOI Corp shares in early March

MarketWrap: US stocks rallied on Thursday, with the Nasdaq closing at a record, as a round of solid earnings led by American Express pushed equities higher. The DJIA rose 174.22 points, or 0.85%, to 20,578.71, the S&P 500 gained 17.67 points, or 0.76%, to 2,355.84 and the Nasdaq added 53.74 points, or 0.92%, to 5,916.78. - Reuters

Energy

Oil prices ended mixed on Thursday after a seesaw trading session, as investors weighed rising US production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to Opec-led supply cuts was likely. Brent futures posted modest gains, however, ending up 6 cents to US$52.99 a barrel. - Reuters

Forex summary

*The ringgit gained 0.14% to 4.3923 per US$

*It gained 0.67% to 4.7071 versus euro

*Up 0.44% to 5.6219 per pound sterling

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