Morning Digest: Mixed Bag with AUD & SEK Gains
London: 2 May 2024 (TraderMade): Welcome to today’s Morning Digest! The global markets showed mixed signals, with AUD and SEK making modest gains in the G10 currency market, while JPY and CHF dipped against the greenback.
Among global indices, some indices, like Nikkei, FTSE 100, and US indices, surged. Energy markets are mixed while precious metals lose shine. Here’s a detailed update across various sectors:
Key Takeaways
- AUD and SEK gained 0.23% and 0.2% against the dollar, respectively; JPY and CHF lost 0.86% and 0.09%.
- Asian markets were mixed. The Nikkei (JPN225) surged 0.5%, and the Hang Seng (HKG33) traded flat.
- In Europe, FTSE (UK100) surged about 0.6%, yet other indices like CAC (FRA40) and DAX (GER30) traded flat.
- US indices, such as the SPX500, Nasdaq (NAS100), and Dow Jones (USA30), surged by about 0.3 to 0.4%.
- Energy markets are mixed. WTI Crude and Natural Gas gained 0.51% and 1.55%, respectively, while Brent Crude dipped 2.28% (compared to the 30 April Close).
- Among precious metals, Gold and Silver declined by 0.2% and 0.47%, respectively.
G10 Forex
AUD and SEK are Top Gainers Today
In the G10 FX Market, the Australian Dollar (AUD: gained 0.23%) and Swedish Krona (SEK: surged 0.2%) are the top gainers versus the dollar.
JPY and CHF are Top Laggers
The Japanese Yen (JPY: declined 0.86%) and Swiss franc (CHF: down 0.09%) are the top losers versus the dollar, respectively.
Forex Daily Pivot Points
Global Indices Mixed
Asian Markets Mixed
In Asian equities, markets were trading mixed today. The Nikkei 225 was trading at 38267.0, up 0.5%, and the Hang Seng was trading flat at 18214.0.
European Indices Mixed
- The UK’s FTSE 100 (UK100) surged 0.59% to 8174.45.
- France’s CAC 40 (FRA40) trades flat at 7967.65.
- Germany’s DAX 30 (GER30) trades flat at 17940.602.
US Equities Futures Narrowly Gained
Looking at Equity Futures so far, The SP500 Futures was trading at 5045.75, up 0.1%.
Popular US Indices Surged
- Standard & Poor’s 500 (SPX500) surged 0.41% to 5047.
- Nasdaq (NAS100) soared 0.43% to 17444.95.
- Dow Jones Industrial Average (USA30) surged 0.29% to 38088.
Energy Markets
Crude Oil Futures Mixed
In the energy space, oil futures are trading mixed today. The WTI Crude Futures was trading at 79.192, up 0.45%, and the Brent Crude Futures was trading flat at 83.809.
Spot Prices Mixed
- Brent Crude (UKOIL) slipped 2.28% to $83.886a barrel.
- WTI Crude (OIL) surged 0.51% to $79.262 a barrel.
- Natural Gas (NATGAS) surged 1.55% to $2.0905/MMBtu.
Precious Metals Lost Shine
- Gold (XAUUSD) dipped 0.2% to 2314.8242.
- Silver (XAGUSD) declined 0.47% to 26.519.
To Summarize
Global markets paint a mixed picture to begin the day. Some currencies, like Aussie and Swedish Krona, gained, while Yen and Swiss francs declined against the greenback. Global indices and energy markets are mixed, while precious metals have lost ground. Stay tuned for the updates as the trading day progresses.
