Breakfast briefing: Wednesday, May 31 (Update)


  • Business Premium
  • Wednesday, 31 May 2017

MRCB

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

Energy

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

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

UK employers add record number of jobs, unemployment falls Premium
SC says no breach of regulation on MACC chief's trading account Premium
Starbucks ties up with Meituan to bolster presence in crucial China market Premium
Australian shares slip as healthcare, banking stocks drag Premium
China has plenty policy tools in reserve to cope with slowing economy - state planner Premium
BOJ raises inflation forecasts, maintains ultra-easy policy Premium
US yields up along the curve as traders brace for hawkish Fed Premium
Oil rises to more than 7-year high on Mideast tensions Premium
China Merchants Bank-backed SPAC files first application under new Hong Kong rules Premium
Asia shares tick higher as spotlight stays on Fed Premium

Others Also Read


Vouchers