Asian shares opened positive but gave up their gains. The stocks were up as May US payrolls report showed the recovery on track, but not so hot that it might bring forward a policy tapering from the Federal Reserve. MSCI s broadest index of Asia-Pacific shares outside Japan was down by 0.29 per cent.
SINGAPORE: Oil extended gains to hit fresh multi-year highs on Monday, underpinned by a brighter economic and fuel-demand outlook, while investors eyed the outcome of talks between Iran and world powers over a nuclear deal that is set to boost crude supplies.
Brent crude futures for August rose 28 cents, or 0.4%, to $72.17 a barrel by 6:37 am, their highest since May 2019. US West Texas Intermediate crude for July touched $70 for the first time since October 2018 and was at $69.91 a barrel, up 29 cents, or 0.4%.
Both contracts have risen for the past two weeks as fuel demand is rebounding in the United States and Europe after governments loosened Covid-19 restrictions ahead of summer travel.
(Bloomberg) The ringgit has greeted the start of Malaysia’s two-week national lockdown with a show of stability, suggesting any adverse impact from the restrictions may be limited.
SAN FRANCISCO: Yuka Saso birdied the third playoff hole to beat Nasa Hataoka on Sunday and become the second teenager to win the US Women’s Open after Lexi Thompson collapsed down the stretch. Saso overcame back-to-back double bogeys early in the round to make the playoff. She then won it with a 10-foot putt on the ninth hole to become the first player from the Philippines to
LOS ANGELES: Kawhi Leonard had 28 points, 10 rebounds and nine assists to lead the Los Angeles Clippers over the Dallas Mavericks 126-111 on Sunday, punching their ticket to the second round of the NBA playoffs. The Clippers captured a seventh-game showdown to win the best-of-seven Western Conference first-round series 4-3 with the first home-team win of the matchup.