Morning Digest: Mixed Mosaic with Pound & Euro Shining

London: 13 May 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets painted a mixed picture this morning, with the Pound and Euro strengthening their muscles in G10 forex and global indices picking up, yet Energy and Metals were losing shine. Let’s dive deeper into various sectors:

Key Takeaways

• In G10 forex, GBP and EUR soared 0.05% against the USD and emerged as the top gainers today, while NZD (dipped 0.16%) & AUD (slipped 0.1%) are top laggers today.
• Asia Surged: Nikkei (JPN225) soared slightly by 0.02%, and Hang Seng (HKG33) soared by 0.56%.
• In Europe, FTSE (UK100) & CAC (FRA40) narrowly edged up, while DAX (GER30) traded flat.
• US markets Surged: S&P 500 (SPX500) soared 0.2%, Nasdaq (NAS100) surged 0.31%, and Dow Jones (USA30) also surged 0.23%.
• Energy Markets Lost Momentum: Brent Crude (UKOIL) slipped 0.26%, WTI Crude (OIL) dipped 0.24%, and Natural Gas (NATGAS) also slipped 2.02%.
• Precious Metals Lost Shine: Gold (XAUUSD) slipped 0.36%, and Silver (XAGUSD) dipped 0.44%.

G10 Forex

GBP & EUR are Top Gainers

In the G10 FX Market, the British Pound Sterling (GBP: surged 0.05%) and Euro (EUR: Soared 0.05%) are the top gainers today, versus the dollar.

NZD and AUD are Top Laggers

The New Zealand Dollar (NZD: Dipped 0.16%)) and the Australian Dollar (AUD: Slipped 0.1%) are the top losers versus the dollar.

Forex Daily Pivot Points

Global Indices Optimistic

Asian Markets Surged

In Asian equities, markets were trading stronger today. The Hang Seng was trading at 19084.0, up 0.56%. The Nikkei 225 was trading at 38182.0, up 0.02%.

European Indices Almost Flat

• The UK’s FTSE 100 (UK100) slightly edged up by 0.04% to 8426.1.
• France’s CAC 40 (FRA40) narrowly edged up by 0.03% to 8221.8.
• Germany’s DAX 30 (GER30) trades flat at 18793.398.

US Equities Futures Slightly Picked Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5230.9502, up 0.16%.

Popular US Indices Edged Up

• Standard & Poor’s 500 (SPX500) surged 0.2% to 5231.7.
• Nasdaq (NAS100) soared 0.31% to 18214.55.
• Dow Jones Industrial Average (USA30) also followed suit to surge 0.23% to 39554.

Energy Markets Plummeted

Crude Oil Futures Dipped

In the energy space, oil futures trade is weak today. The WTI Crude Futures was trading at 77.589, down 0.15%. The Brent Crude Futures was trading at 82.203, down 0.37%.

Spot Prices Slipped

• Brent Crude (UKOIL) slipped 0.26% to $82.294 a barrel.
• WTI Crude (OIL) dipped 0.24% to $77.65601 a barrel.
• Natural Gas (NATGAS) also dipped 2.02% to $2.4135/MMBtu.

Precious Metals Dipped

• Gold (XAUUSD) plummeted 0.36% to 2352.5266.
• Silver (XAGUSD) also dipped 0.44% to 28.0525.

To Summarize

The global financial markets present a mixed bag at the morning bell, with GBP and EUR gaining strength, commodity currencies like NZD and AUD losing momentum, global indices edging up, and crude oil, natural gas, gold, and silver losing shine. Stay with us as we keep you updated with the latest ups and downs in the financial landscape as the trading day unfolds.