Morning Digest: Mixed Bag with Global Indices Down
London: 19 April 2024 (TraderMade): The global financial markets paint a mixed picture this morning with modest gains for Swiss Franc and Yen against the greenback. However, global stocks look pessimistic, while energy and precious metals gained. Let’s dive deeper into various sectors:
Key Takeaways
- In G10 Forex, CHF (gains 0.42%) and JPY (gains 0.2%) are top gainers against the greenback; NZD (down 0.41%) and AUD (down 0.38%) are top laggers today.
- In Asia, Nikkei (JPN225) and Hang Seng (HKG33) plummeted by over 1%.
- European indices followed suit: The FTSE 100 (UK100) dipped 0.28%, CAC 40 (FRA40) slipped 0.75%, and DAX 30 (GER30) declined 0.4%.
- US indices like the SPX 500, Nasdaq 100, and Dow Jones declined by about 0.4%.
- Brent and WTI Crude increased by about 1.5%, and Natural Gas increased by about 0.8%.
- Gold and Silver surged by 0.51% and 0.87%, respectively.
Forex
CHF and JPY are top gainers in G10 Forex Today
In the G10 FX Market, Swiss Franc (CHF: up 0.42%) and Japanese Yen (JPY: up 0.2%) are the top gainers today versus the dollar.
NZD and AUD are top laggers
The New Zealand Dollar (NZD: declined 0.41%) and the Australian Dollar (AUD: declined 0.38%) are the top losers versus the dollar, respectively.
Forex Daily Pivot Points
Global Indices Down
Asian Markets Declined
In Asian equities, markets were trading weaker today. The Hang Seng was trading at 16128.0, down 1.27%. The Nikkei 225 was trading at 37258.5, down 1.04%.
European Indices Slipped
- The UK’s FTSE 100 (UK100) dipped 0.28% to 7856.3.
- France’s CAC 40 (FRA40) plummeted 0.75% to 7983.7.
- Germany’s DAX 30 (GER30) slipped 0.4% to 17734.4.
US Equities Futures Dipped
Looking at Equity Futures so far, The SP500 Futures was trading at 4972.9004, down 0.61%.
Popular US Indices Declined
- Standard & Poor’s 500 (SPX500) dipped 0.44% to 4988.1504.
- Nasdaq (NAS100) plummeted 0.54% to 17288.898.
- Dow Jones Industrial Average (USA30) slipped 0.38% to 37639 (After a 300-point decline yesterday).
Energy Markets Optimistic
Crude Oil Futures Gained
In the energy space, the oil futures trade is stronger today. The Brent Crude Futures was trading at 88.072, up 2.0%. The WTI Crude Futures was trading at 83.641, up 2.04%.
Spot Prices Heat Up
- Brent Crude (UKOIL) surged 1.43% to $87.576 a barrel.
- WTI Crude (OIL) soared 1.52% to $83.122 a barrel.
- Natural Gas (NATGAS) surged 0.79% to $1.983/MMBtu.
Precious Metals Shine
- Gold (XAUUSD) surged 0.51% to 2391.1484.
- Silver (XAGUSD) surged 0.87% to 28.485.
To Summarize
The morning market snapshot looks mixed today. Currencies like Swiss Francs and Yen gained ground against the US dollar, yet stocks largely dipped. The energy market is heating up due to geopolitical tensions in the Middle East, and precious metals gained on safe-haven appeal.
Stay tuned for further updates as the trading day unfolds.
