Breakfast briefing: Tuesday, May 30 (Update)


MarketWrap: Asian equity futures signalled a mixed start to Tuesday while the euro slipped after Mario Draghi’s dovish message to the European Parliament and investors assessed the path for higher US borrowing costs. Hong Kong is on holiday on Tuesday and markets in China are shut for a second day after the UK and US were closed Monday, depressing volumes and limiting price movements. - Bloomberg

Energy

Oil prices rose slightly on Monday, barely paring last week's steep losses with the market remaining cautious as increases in US drilling activity have undercut an Opec-led push to tighten supply. Brent crude futures LCOc1 settled up 14 cents, or 0.2%, at US$52.29 per barrel. Brent fell nearly 3% the previous week .- Reuters

Forex summary

*The ringgit lost 0.26% to 4.2832 versus the US$

*It gained 0.34% to 4.7654 versus euro

*Up 0.04% to 5.4878 per pound sterling

*Down 0.02% to 3.0881 per Singapore dollar

*Down 0.11% to 3.1800 per Aussie

*Down 0.65% to 3.8647 per 100 yen

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Wall St set to open higher as Fed allays rate-hike concerns
Singapore DBS’s digital services hit days after MAS ban ends
US weekly jobless claims unchanged; layoffs decline in April
Gold falls as investors evaluate US rate cut prospects
UOA REIT expects office rental market to remain challenging
Ringgit rebounds to end higher vs US dollar
BHIC unit bags RMN submarine contract from Mindef worth RM43.6mil
Sapura Energy appoints Ganesh Gunaratnam as new CFO effective June 1
Capital A formulating regularisation plan to address PN17 status
Ajinomoto declares special dividend of RM2.12 from land sale

Others Also Read