Breakfast briefing: Friday, May 5 (update)


MarketWrap: Wall Street ended flat on Thursday as a steep fall for the energy sector countered some solid earnings reports, with major stock indexes closing little changed after the US House of Representatives passed a healthcare overhaul. The DJIA fell 6.43 points, or 0.03%, to 20,951.47, the S&P 500 gained 1.39 points, or 0.06%, to 2,389.52 and the Nasdaq added 2.79 points, or 0.05%, to 6,075.34. - Reuters

Energy

Oil prices plunged to five-month lows on Thursday amid record trading volume in Brent crude, as Opec and other producers appeared to rule out deeper supply cuts to reduce the world's persistent glut of crude. Brent crude settled at US$48.38, or 4.75% lower, after tumbling as much as 5.17% during the session. - Reuters

Forex summary

*The ringgit lost 0.21% to 4.3365 versus the US$

*It lost 0.66% to 4.7594 versus euro

*Down 0.29% to 5.5984 per pound sterling

*Up 0.07% to 3.0957 per Singapore dollar

*Up 0.05% to 3.2056 per Aussie

*0.07% lower to 3.8507 per 100 yen

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