Morning Digest: Mixed Bag with NZD and Dollar Gains, Mixed Equities

London: 14 March 2024 (TraderMade): Global financial markets paint a mixed picture with some currencies gaining ground, equities almost flat with Nasdaq showing slight gains, energy prices steady, and metals losing ground. Let’s have a look at various sectors:

Key Takeaways

• USD strengthened, with NZD as the only major currency to gain. SEK and JPY lose against the dollar.
• Asian markets were mixed, European markets flat, and US indices had a mixed start with Nasdaq in the lead.
• Crude oil prices edged up while precious metals prices fell.

Forex

The New Zealand Dollar and the US Dollar are top gainers in G10 Forex Today

The New Zealand Dollar (NZD) gained 0.19% (NZDUSD currently trading at 0.61567), and the US Dollar gained significantly against major currencies.

Swedish Krona and Japanese Yen are top laggers

SEK lost 0.11% (USDSEK is currently trading at 10.23631), and JPY declined 0.18% against the dollar (USDJPY is currently trading at 147.90451).

Forex Daily Pivot Points

Global Indices

Asian Markets Mixed

The Nikkei 225 (JPN225) was trading at 38814.5, up 0.43%. The Hang Seng (HKG33) was trading at 16926.0, down -1.1%.

European Indices Flat

• The UK’s FTSE 100 (UK100) trades at 7803.8.
• France’s CAC 40 (FRA40) trades at 8148.8.
• Germany’s DAX 30 (GER30) trades at 18018.

US Equities Futures

The SPX500 Futures was trading at 5178.6504, up 0.01%.

Popular US Indices Mixed

• Standard & Poor’s 500 (SPX500) trades flat at 5180.3.
• Nasdaq (NAS100) surged by 0.2% to 18152.602.
• Dow Jones Industrial Average (USA30) trades flat at 39160.

Energy Markets

Crude Oil Futures

Oil futures were trading steady today. The Brent Crude Futures was trading at 83.663, up 0.12%. The WTI Crude Futures was trading at 79.329, up 0.02%.

Spot Prices

• Brent Crude (UKOIL) surged 0.14% to $83.685 a barrel.
• WTI Crude (OIL) soared 0.17% to $79.354 a barrel.
• Natural Gas (NATGAS) surged 0.48% to $1.7725/MMBtu.

Precious Metals

• Gold (XAUUSD) slipped 0.23% to 2169.081.
• Silver (XAGUSD) slipped 0.397% to 24.914.
• Platinum (XPTUSD) is down 0.3% to 938.95.

To Summarize

Global financial markets show a cautious approach as movements in Forex, stocks, and commodities markets are minimal for the day.

Market participants should rely on significant data releases, geopolitical events, and the latest financial updates from central banks to make well-informed decisions.

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