Morning Digest: Mixed Signals and Precious Metal Shine
London: 8 April 2024 (TraderMade): Global markets are showing a mixed picture this morning. Here's a quick snapshot to keep you informed:
Key Takeaways
- NZD and SEK gained 0.07% and 0.03%, while NOK and CHF declined 0.15% each against the dollar, respectively.
- Asian equities were mixed, with Nikkei (JPN225) declining by 0.19% and Hang Seng (HKG33) gaining by 0.12%.
- European and US indices trade flat.
- In the Energy space, Brent and WTI crude oil declined by about 1.4% each, while Natural Gas slipped by 0.5%.
- Among precious metals, Gold gained 0.18%, and Silver surged 0.75%.
Forex
NZD and SEK are top gainers in G10 Forex Today
In the G10 FX Market, the New Zealand Dollar (NZD) and Swedish Krona (SEK) are the top gainers today, up 0.07% and 0.03% versus the dollar, respectively.
NZDUSD currently trades at 0.60132.
USDSEK trades at 10.64115.
NOK and CHF are top laggers
Norwegian Krone (NOK) and Swiss Franc (CHF) are the top losers, down 0.15% each versus the dollar.
USDNOK trades at 10.74715.
USDCHF trades at 0.90346.
Forex Daily Pivot Points
Global Indices
Asian Markets Mixed
Today, Asian equities markets were mixed. The Hang Seng was trading at 16732.75, up 0.12%, and the Nikkei 225 was trading at 39310.5, down 0.19%.
European Indices Flat
- The UK's FTSE 100 (UK100) trades at 7933.3496.
- France's CAC 40 (FRA40) trades at 8075.6504.
- Germany's DAX 30 (GER30) trades at 18252.988.
US Equities Futures Slip
Looking at Equity Futures so far, The SP500 Futures was trading at 5205.5, down 0.18%.
Popular US Indices
- Standard & Poor's 500 (SPX500) is trading flat at 5203.25.
- Nasdaq (NAS100) trades flat at 18122.05.
- Dow Jones Industrial Average (USA30) trades flat at 38929.
Energy Markets
Crude Oil Futures
In the energy space, oil futures trade is weaker today. The WTI Crude Futures were trading at 84.897, down 0.51%, and the Brent Crude Futures were trading at 89.163, down 1.53%.
Spot Prices Decline
- Brent Crude (UKOIL) dipped 1.46% to $89.227 a barrel.
- WTI Crude (OIL) slipped 1.44% to $84.951 a barrel.
- Natural Gas (NATGAS) plummeted about 0.5% to $1.8985/MMBtu.
Precious Metals Shine
- Gold (XAUUSD) surged 0.18% to 2332.6938.
- Silver (XAGUSD) soared 0.75% to 27.662.
To Summarize
The global markets are mixed (mostly pessimistic) this morning. In forex, NZD & SEK shine while NOK & CHF decline. Global indices are mostly flat. Crude oil and Natural Gas lose momentum while Gold and Silver soar. Stay tuned as the trading day unfolds.
