Morning Digest: Mixed Mosaic with Commodities Declining
London: 13 June 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets paint a mixed mosaic this morning, with commodities mostly losing ground after the Fed decided yesterday to hold the interest rates. Let’s take you through the sector-wise updates at the morning bell:
Key Takeaways
- Forex: USD & EUR lead the pack, while NZD & SEK dipped 0.29% versus the USD today.
- Asia-Pacific Declined: Nikkei (JPN225) dipped 1.15%, Hang Seng (HKG33) slipped 0.39%.
- European Indices Dipped: FTSE (UK100), CAC (FRA40), and DAX (GER30) dipped by about 0.1% today at writing time.
- US Markets Mixed: S&P 500 (SPX500) slightly dipped, while Nasdaq (NAS100) and Dow Jones (USA30) gained by about 0.1% today.
- Energy Markets Mixed: Brent Crude (UKOIL) dipped 0.12%, WTI Crude (OIL) slightly declined, and Natural Gas (NATGAS) slightly edged up today.
- Precious Metals Lost Glimmer: Gold (XAUUSD) slipped 0.58%, while Silver (XAGUSD) declined 1.75% today.
G10 Forex
USD & EUR are Top Gainers
In the G10 FX Market, the US Dollar (USD) and Euro (EUR) are the top gainers today.
NZD & SEK are Top Laggers
The New Zealand Dollar (NZD: Declined 0.29%) and Swedish Krona (SEK: Dipped 0.29%) are the top losers versus the dollar (USD) today.
Forex Daily Pivot Points
Global Indices Mixed
Asian Markets Declined
In Asian equities, markets were trading weaker today. The Hang Seng (HKG33) was trading at 17977.5, down 0.39%. The Nikkei (JPN225) was trading at 38787.5, down 1.15%.
European Indices Dipped
In European equities, indices were trading weaker today. The FTSE 100 (UK100) was trading at 8206.6504, down 0.12%. The CAC 40 (FRA40) was trading at 7850.2002, down 0.11%. The DAX 30 (GER30) was trading at 18599.8008, down 0.1%.
US Equities Futures Slightly Edged Up
Looking at Equity Futures so far, The SP500 Futures was trading at 5432.9502, up 0.02%.
Popular US Indices Mixed
Standard & Poor’s 500 (SPX500) slightly declined to 5431.75. Nasdaq (NAS100) surged 0.1% to 19606.7. Dow Jones Industrial Average (USA30) slipped 0.1% to 38673.
Energy Markets
Crude Oil Futures Cooled Down
In the Energy space, Oil futures were trading weaker today. The WTI Crude Futures was trading at 77.957, down 0.02%. The Brent Crude Futures was trading at 82.12, down 0.07%.
Spot Prices Mixed
- Brent Crude (UKOIL) dipped 0.12% to $82.08 a barrel.
- WTI Crude (OIL) slightly declined by 0.06% to $77.91 a barrel.
- Natural Gas (NATGAS) narrowly edged up by 0.06% to $3.088/MMBtu.
Precious Metals Lost Glimmer
- Gold (XAUUSD) declined 0.58% to 2311.535.
- Silver (XAGUSD) plummeted 1.75% to 29.208.
To Summarize
Today’s Morning Digest provides you with an overview of the sector-wise status of various financial instruments across forex, stocks, and commodities. The US PPI index expected later today may affect the market dynamics. So, stay tuned for more latest updates as the trading day unfolds.
