Breakfast briefing: Wednesday, May 31 (Update)

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  • Wednesday, 31 May 2017


MarketWrap: US stocks inched lower on Tuesday, with the S&P 500 retreating slightly from a record, as weakness in the energy and financial sectors outweighed gains in technology shares. The DJIA fell 50.81 points, or 0.24%, to 21,029.47, the S&P 500 lost 2.91 points, or 0.12%, to 2,412.91 and the Nasdaq Composite 7.01 points, or 0.11%, to 6,203.19. - Reuters


Oil prices fell about 1% on Tuesday, on signs of resurgent crude output in Libya and concerns that extended production cuts by leading exporting countries may not be enough to drain a global glut that has depressed prices for almost three years. Brent crude LCOc1 ended the session 45 cents, or 0.9%, lower at US$51.84 a barrel. - Reuters

Forex summary

*The ringgit gained 0.11% to 4.2778 versus the US$

*It lost 0.23% to 4.7814 versus euro

*Up 0.29% to 5.4866 per pound sterling

*Down 0.02% to 3.0873 per Singapore dollar

*Up 0.08% to 3.1888 per Aussie

*Up 0.30% to 3.8522 per 100 yen

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