Morning Digest: Cautious Start with Commodities Dipping

London: 4 June 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets paint a mixed picture this morning with declines all over the European, US stocks, Energy, and Precious Metals Market. Let’s reveal the status of financial instruments across various sectors briefly:

Key Takeaways

• Forex: CHF & EUR gained 0.04% each, while AUD (Down 0.13%) & CAD (Down 0.08%) declined against the USD.
• Asia-Pacific Stronger: Nikkei (JPN225) surged 0.44%, Hang Seng (HKG33) soared 0.93% today.
• European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Declined: S&P 500 (SPX500) slightly dipped, Nasdaq (NAS100) declined 0.12%, while Dow Jones (USA30) slightly dipped.
• Energy Markets Dipped: Brent Crude (UKOIL) was down 0.66%, WTI Crude (OIL) was down 0.86%, while Natural Gas (NATGAS) declined 0.47%.
• Precious Metals Slipped: Gold (XAUUSD) dipped 0.1%, while Silver (XAGUSD) declined 0.47% today.

G10 Forex

CHF & EUR are Top Gainers

In the G10 FX Market, Swiss Francs (CHF: Soared 0.04%) and Euro (EUR: Soared 0.04%) are the top gainers today against the US Dollar (USD).

AUD & CAD are Top Laggers

The Australian Dollar (AUD: Dipped 0.13%) and Canadian Dollar (CAD: Dipped 0.08%) are the top losers versus the US Dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Strengthened

Today, Asian equities markets are stronger. The Nikkei (JPN225) was trading at 38845.0, up 0.44%, and the Hang Seng (HKG33) was trading at 18453.0, up 0.93%.

European Indices Flat

• The UK’s FTSE 100 (UK100) trades flat at 8265.4.
• France’s CAC 40 (FRA40) trades flat at 7992.
• Germany’s DAX 30 (GER30) trades flat at 18585.3.

US Equities Futures Slightly Edged Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5289.6499, up 0.01%.

Popular US Indices

• Standard & Poor’s 500 (SPX500) slightly dipped to 5287.25.
• Nasdaq (NAS100) declined 0.12% to 18602.8.
• Dow Jones Industrial Average (USA30) narrowly inched down to 38574.

Energy Markets Lost Ground

Crude Oil Futures Dipped

In the Energy space, Oil futures were trading weak today. The Brent Crude Futures were trading at 77.73, down 0.49%, and the WTI Crude Futures were trading at 73.48, down 0.73%.

Spot Prices Declined

• Brent Crude (UKOIL) dipped 0.66% to $77.6 a barrel.
• WTI Crude (OIL) slipped 0.86% to $73.345 a barrel.
• Natural Gas (NATGAS) declined 0.47% to $2.771/MMBtu.

Precious Metals Dipped

• Gold (XAUUSD) dipped about 0.1% to 2348.53.
• Silver (XAGUSD) declined 0.47% to 30.585.

To Summarize

Today’s morning digest lets you have a snapshot of forex, stocks, and commodities markets at the morning bell. The cautious start and declines across the US, European indices, Energy, and Precious Metals may help you anticipate market trends. Stay with us for more updates as the trading day unfolds.

_{Live rates taken at about 05:39 AM GMT have been compared to yesterday’s Close values to calculate percentage changes. Image Courtesy: creativeart on Freepik}