Breakfast briefing: Wednesday, May 10


MarketWrap: The S&P 500 fell on Tuesday after edging up to an intra-day record high for the second straight session, while Apple became the first US company to close with a market capitalisation above US$800 billion. The DJIA declined 0.17% to end at 20,975.78 points, the S&P 500 lost 0.10% to 2,396.92 points and the Nasdaq added 0.29% to close at a record high of 6,120.59, helped by Apple. - Reuters

Energy

Oil prices fell on Tuesday, rattled by concern over slowing demand, a rising US dollar and increasing US crude output that has shaken investors' faith in the ability of Opec to rebalance the market. Brent futures lost 61 cents, or 1.2%, to settle at US$48.73 a barrel. - Reuters

Forex summary

*The ringgit lost 0.26% to 4.3472 versus the US$

*It gained 0.06% to 4.7352 versus euro

*Down 0.10% to 5.6274 per pound sterling

*Up 0.06% to 3.0829 per Singapore dollar

*Down 0.09% to 3.1968 per Aussie

*0.15% lower to 3.8198 per 100 yen

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