Morning Digest: Mixed Bag with Euro & NOK Gaining

London: 21 June 2024 (TraderMade): Welcome to today’s Morning Digest! This morning, the global financial markets presented a mixed bag, with Euro & NOK leading the forex pack. Global indices, Energy, and Precious Metals are mixed. Here are the sector-wise updates:

Key Takeaways

• Forex: EUR (Up 0.16%) & NOK (Surge 0.15%) gained versus the USD, while JPY & USD declined against the other major currencies today.
• Asia-Pacific Slipped: Nikkei (JPN225) slightly dipped, Hang Seng (HKG33) plummeted 1.11%.
• European Indices Flat: FTSE (UK100) slightly edged up, CAC (FRA40) and DAX (GER30) were almost unchanged at writing time.
• US Markets Edged Up: S&P 500 (SPX500), Nasdaq (NAS100) and Dow Jones (USA30) soared by about 0.1% today.
• Energy Markets Mixed: Brent Crude (UKOIL) Narrowly inched up, WTI Crude (OIL) slightly dipped, and Natural Gas (NATGAS) traded flat today.
• Precious Metals Mixed: Gold (XAUUSD) surged 0.17%, and Silver (XAGUSD) dipped 0.37% today.

G10 Forex

EUR & NOK are Top Gainers

In the G10 FX Market, the Euro (EUR: Gained 0.16%) and Norwegian Krone (NOK: Soared 0.15%) are the top gainers today versus the dollar (USD).

JPY & USD are Top Laggers

The Japanese Yen (JPY) and US Dollar (USD) are the top losers, as they declined against the other major currencies.

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Slipped

In Asian equities, markets were trading weaker today. The Nikkei (JPN225) was trading at 38635.5, down 0.01%. The Hang Seng (HKG33) was trading at 17998.0, down 1.11%.

European Indices Flat

The UK’s FTSE 100 (UK100) slightly edged up to 8296.9. France’s CAC 40 (FRA40) traded flat at 7675.3. Germany’s DAX 30 (GER30) traded flat at 18236.1.

US Equities Futures Slightly Edged Up

Looking at Equity Futures, The SP500 Futures was trading at 5485.5498, up 0.02%.

Popular US Indices Soared

Standard & Poor’s 500 (SPX500) soared about 0.1% to 5485.7. Nasdaq (NAS100) surged about 0.1% to 19817.1. Dow Jones Industrial Average (USA30) also soared by about 0.1% to 39201.5.

Energy Markets

Crude Oil Futures Mixed

In the energy space, oil futures are trading mixed today. The Brent Crude Futures were trading at 84.85, up 0.01%, and the WTI Crude Futures were trading at 81.055, down 0.04%.

Spot Prices Mixed

Brent Crude (UKOIL) narrowly inched up to $84.88 a barrel. WTI Crude (OIL) slightly dipped to $81.085 a barrel. Natural Gas (NATGAS) traded flat at $2.84/MMBtu.

Precious Metals Mixed

Gold (XAUUSD) surged 0.17% to 2364.0898. Silver (XAGUSD) dipped 0.37% to 30.617.

To Summarize

Today’s Morning Digest covers updates at the morning bell across forex, stocks, and commodities markets. Stay tuned for the latest updates as the trading day unfolds.

_{Live rates taken at about 05:43 AM GMT and compared to last close to calculate percentage change. Image Courtesy: Jakub Żerdzicki on Unsplash}