Morning Digest: Cautious Start with Gains for Commodities

Morning Digest: Cautious Start with Gains for Commodities

Published on: Jun 10, 2024|3 min read
Share On

London: 10 June 2024 (TraderMade): Welcome to today's Morning Digest! The global financial markets paint a mixed picture this morning. Let's take you through the latest updates across forex, global indices, and commodity markets through sector-wise briefs:

Key Takeaways

  • Forex: AUD & NZD gained 0.09% & 0.01%, while EUR (Down 0.48%) & SEK (Down 0.37%) versus the USD.
  • Asia-Pacific Mixed: Nikkei (JPN225) surged 1.03%, Hang Seng (HKG33) was flat.
  • European Indices Dipped: FTSE (UK100) was down 0.42%, CAC (FRA40) slipped 0.99%, and DAX (GER30) was down 0.43% today.
  • US Markets Mixed (Almost Flat): S&P 500 (SPX500) and Nasdaq (NAS100) slightly edged up, while Dow Jones (USA30) slightly dipped.
  • Energy Markets Surged: Brent Crude (UKOIL) gained 0.38%, WTI Crude (OIL) surged 0.42%, while Natural Gas (NATGAS) gained 1.49% today.
  • Precious Metals Soared: Gold (XAUUSD) edged up 0.1%, Silver (XAGUSD) gained 1.44%.

G10 Forex

AUD & NZD are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: Surged 0.09%) and New Zealand Dollar (NZD: Up 0.01%) are the top gainers today versus the dollar (USD).


EUR & SEK are Top Laggers

The euro (EUR: Dipped 0.48%) and Swedish Krona (SEK: Slipped 0.37%) are today's top losers versus the dollar (USD).


Forex Daily Pivot Points

FX Daily Pivots

Global Indices Mixed

Asian Markets Mixed

Asian equities markets were mixed today. The Nikkei (JPN225) was trading at 39056.5, up 1.03%, while the Hang Seng was trading flat at 18130.

European Indices Dipped

  • The UK's FTSE 100 (UK100) declined 0.43% to 8189.
  • France's CAC 40 (FRA40) plummeted 0.99% to 7907.2.
  • Germany's DAX 30 (GER30) slipped 0.42% to 18459.4.

US Equities Futures Edged Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5351.75, up 0.08%.

  • Standard & Poor's 500 (SPX500) slightly edged up to 5346.25.
  • Nasdaq (NAS100) narrowly increased to 19001.6.
  • Dow Jones Industrial Average (USA30) slightly dipped to 38764.

Energy Markets

Crude Oil Futures Strengthened

In the Energy space, Oil futures were trading stronger today. The WTI Crude Futures were trading at 75.435, up 0.47%, and the Brent Crude Futures were trading at 79.73, up 0.4%.

Spot Prices Surged

  • Brent Crude (UKOIL) surged 0.38% to $79.71 a barrel.
  • WTI Crude (OIL) soared 0.42% to $75.425 a barrel.
  • Natural Gas (NATGAS) made modest gains of 1.49% to $3.0305/MMBtu.

Precious Metals Gained Shine

  • Gold (XAUUSD) surged 0.1% to 2295.372.
  • Silver (XAGUSD) surged 1.44% to 29.574.

To Summarize

Today's Morning Digest covers updates from various financial markets to help you get a quick overview of the financial instruments' status at the morning bell. Stay tuned for more updates as the trading day progresses.

Percentage changes are calculated considering Friday's Close and Today's Live Mid Values at about 06:08 AM GMT. Image Courtesy: Freepik