Morning Digest: Mixed Markets with Kiwi, Aussie, and US Indices Shining
London: 4 April 2024 (TraderMade): Global markets show a mixed picture this morning. Commodity currencies gain ground while the greenback and Swiss francs plummet. Global equities and energy markets are flat. Here's a quick rundown:
Key Takeaways
- NZD and AUD gained 0.35% and 0.33%, respectively, while USD and CHF declined against other major currencies in the G10 forex today.
- Asian equities lose ground, with Nikkei (JPN225) down 0.39% and Hang Seng (HKG33) trading flat;
- European indices are trading flat, while US indices are shining, with SPX500 up 0.15%, Nasdaq 100 up 0.27%, and Dow Jones slightly up 0.06%.
- In the energy sector, the crude oil and natural gas trade is flat.
- Among precious metals, gold trades flat while silver makes modest gains by rising 0.48%.
Forex
NZD and AUD are top gainers in G10 Forex Today
In the G10 FX Market, New Zealand Dollar (NZD - up 0.35%, NZDUSD is trading at 0.60313) and Australian Dollar (AUD - up 0.33%, AUDUSD is trading at 0.65873) are the top gainers today, and versus the dollar.
USD and CHF are Top Laggers
The US Dollar (USD) and Swiss Franc (CHF) are the top losers, as they declined against other major currencies. USDCHF currently trades at 0.90324.
Forex Daily Pivot Points
Global Indices
Asian Markets Fall
Today, Asian equities markets are weaker. The Nikkei 225 was trading at 39917.5, dipping 0.39%, and the Hang Seng was trading flat at 16806.25.
European Indices Flat
- The UK's FTSE 100 (UK100) trades at 7946.
- France's CAC 40 (FRA40) trades at 8155.8496.
- Germany's DAX 30 (GER30) trades at 18421.8.
US Equities Futures Slightly Up
Looking at Equity Futures so far, The SP500 Futures was trading at 5231.9502, up 0.01%.
Popular US Indices Gain
- Standard & Poor's 500 (SPX500) surged 0.15% to 5230.7.
- Nasdaq (NAS100) soared 0.27% to 18250.45.
- Dow Jones Industrial Average (USA30) slightly gained by 0.06% to 39240.
Energy Markets
Crude Oil Futures
In the energy space, the oil futures trade is stronger today. The WTI Crude Futures were trading at 85.152, up 0.1%, and the Brent Crude Futures were trading at 89.277, up 0.04%.
Spot Prices Flat
- Brent Crude (UKOIL) slightly gained by 0.06% to $89.293 a barrel.
- WTI Crude (OIL) trades flat at $85.164 a barrel.
- Natural Gas (NATGAS) trades flat at $1.953/MMBtu.
Precious Metals
- Gold (XAUUSD) trades flat at 2298.462.
- Silver (XAGUSD) dipped 0.48% to 27.057.
To Summarize
Global markets are a rollercoaster this morning. Commodity currencies soar while the US dollar and Swiss franc slump. Stocks are mostly flat, with early gains in the US, and oil prices are taking a breather. This is just the opening bell, so stay tuned for further updates as the trading day unfolds!
