Breakfast briefing: Friday, April 28 (Update)


Tougher landscape: Since Trump's victory, Alphabet shares have fallen 2.4%. — Reuters

MarketWrap: The Nasdaq Composite ended at a record high on Thursday, boosted by results-related gains in Comcast, PayPal and Intuit, while the S&P 500 and the Dow were little changed. The DJIA rose 6.24 points, or 0.03%, to 20,981.33, the S&P 500 gained 1.32 points, or 0.06%, to 2,388.77 and the Nasdaq added 23.71 points, or 0.39%, to 6,048.94. - Reuters

Energy

Crude prices were slightly lower after a volatile session on Thursday, as the restart of two key Libyan oilfields and concerns about lacklustre gasoline demand fed concern over whether major oil producers can alleviate the glut of global inventories. Brent crude settled down 14 cents a barrel at US$51.68. - Reuters

Forex summary

*The ringgit lost 0.06% to 4.3492 versus the US$

*It gained 0.31% to 4.7273 versus euro

*Down 0.21% to 5.6147 per pound sterling

*Down 0.07% to 3.1156 per Singapore dollar

*Down 0.05% to 3.2518 per Aussie

*0.23% lower to 3.9159 per 100 yen

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