Morning Digest: Markets Mixed as Investors Await Direction
London: 21 March 2024 (TraderMade): Global markets are showing mixed signs today, with some currencies and commodities surging while others lag. Here's a quick rundown:
Key Takeaways
- In G10 Forex, Aussie (gained 0.64%) and Yen (gained 0.24%)shine, while Pound and Dollar lag.
- Asian equities gained, with the Nikkei and Hang Seng surging 0.45% and 0.93%, respectively; European indices are flat and awaiting direction.
- US indices climbed, with the SPX500 gaining 0.27%, Nasdaq 100 gaining 0.38%, and Dow Jones surging 0.27%.
- Oil, Natural Gas, and Precious Metals surged significantly.
Forex
AUD and JPY are top gainers in G10 Forex Today
The Australian Dollar (AUD) gained 0.64% (Currently trading at $0.66225), and Japanese Yen (JPY) gained 0.24% against the dollar (Currently trading at $150.844).
GBP and USD are top laggers
The British Pound Sterling (GBP) and the US Dollar (USD) are the top laggers in the forex market today, as these major currencies declined against the other currencies.
Forex Daily Pivot Points
Global Indices
Asian Markets Strengthen
Today, Asian equities markets are stronger. The Nikkei 225 was trading at 40837.5, up 0.45%, and the Hang Seng was trading at 16844.25, up 0.93%.
European Indices Flat
In European equities, indices were trading flat today, awaiting clear direction as the trading day progresses.
- The UK's FTSE 100 (UK100) trades at 7791.75
- France's CAC 40 (FRA40) trades at 8225.65
- Germany's DAX 30 (GER30) trades at 18204.9
US Equities Futures Gain
Looking at Equity Futures so far, The SP500 Futures was trading at 5252.3496, up 0.11%.
Popular US Indices Surge
- Standard & Poor's 500 (SPX500) soared 0.27% to 5252.5996.
- Nasdaq (NAS100) surged 0.38% to 18385.602.
- Dow Jones Industrial Average (USA30) gained 0.27% to 39704.
Energy Markets
Crude Oil Futures
In the Energy space, Oil futures were trading firmer today. The Brent Crude Futures were trading at 86.013, up 0.42%, and the WTI Crude Futures were trading at 81.724, up 0.22%.
Spot Prices
- Brent Crude (UKOIL) surged 0.34% to $85.943 a barrel.
- WTI Crude (OIL) edged up by 0.38% to $81.66 a barrel.
- Natural Gas (NATGAS) surged 1.27% to $1.873/MMBtu.
Precious Metals
- Gold (XAUUSD) surged 0.79% to 2203.6.
- Silver (XAGUSD) also increased by 0.26% to 25.6435.
To Summarize
Global markets paint a mixed picture today. AUD and JPY are the top gainers in Forex, while GBP and USD trail behind. Asian equities climbed, but European markets await further direction. Popular US indices like SPX500 and Nasdaq closed higher. Oil, Natural Gas, Gold, and Silver saw significant gains. Stay updated as the trading day progresses!
