Morning Digest: Mixed Start with AUD & CAD Gaining
London: 12 June 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets present a mixed bag this morning, with commodity-based currencies, like AUD & CAD, leading the pack in forex; Nikkei & US indices gaining; Crude Oil surging, while Natural Gas is declining; Gold losing shine, while Silver is gaining ground. Let’s dive into sector-wise updates:
Key Takeaways
- Forex: AUD (up 0.2%) & CAD (Up 0.08%) lead the pack, while JPY (Down 0.06%) & CHF lag versus the dollar (USD) today.
- Asia-Pacific Mixed: Nikkei (JPN225) surged 0.12%, Hang Seng (HKG33) dipped 0.71% today.
- European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
- US Markets Surged: S&P 500 (SPX500) soared 0.11%, Nasdaq (NAS100), and Dow Jones (USA30) gained over 0.1% today.
- Energy Markets Mixed: Brent Crude (UKOIL) soared 0.3%, WTI Crude (OIL) surged 0.38%. However, Natural Gas (NATGAS) dipped 1.11% today.
- Precious Metals: Gold (XAUUSD) declined 0.09%, and Silver (XAGUSD) soared 0.54% today.
G10 Forex
AUD & CAD are Top Gainers
In the G10 FX Market, the Australian Dollar (AUD: Surged 0.2%) and Canadian Dollar (CAD: Soared 0.08%) are the top gainers today versus the dollar (USD).
JPY & CHF are Top Laggers
The Japanese Yen (JPY: Dipped 0.06%) and Swiss Francs (CHF) are the top losers, down versus the dollar (USD), respectively.
Forex Daily Pivot Points
Global Indices Mixed
Asian Markets Mixed
In Asian equities, markets were trading mixed today. The Nikkei 225 was trading at 38932.0, up 0.12%. The Hang Seng was trading at 17928.0, down 0.71%.
European Indices Flat
The FTSE 100 was trading flat at 8151.2. The CAC 40 was trading flat at 7795.6. The DAX 30 was trading flat at 18381.4.
US Equities Futures Slightly Edged Up
Looking at Equity Futures so far, The SP500 Futures was trading at 5381.9502, up 0.03%.
Popular US Indices Surged
- Standard & Poor’s 500 (SPX500) soared 0.11% to 5384.15.
- Nasdaq (NAS100) soared 0.1% to 19246.15.
- Dow Jones Industrial Average (USA30) surged 0.16% to 38796.5.
Energy Markets
Crude Oil Futures Strengthened
In the Energy space, Oil futures were trading stronger today. The WTI Crude Futures was trading at 78.045, up 0.39%. The Brent Crude Futures was trading at 82.18, up 0.25%.
Spot Prices Mixed
- Brent Crude (UKOIL) surged about 0.3% to $82.22 a barrel.
- WTI Crude (OIL) gained 0.38% to $78.105 a barrel.
- Natural Gas (NATGAS) plummeted 1.11% to $3.1615/MMBtu.
Precious Metals Mixed
- Gold (XAUUSD) dipped 0.09% to 2314.83.
- Silver (XAGUSD) surged 0.54% to 29.447.
To Summarize
Today’s Morning Digest covers sector-wise updates at the morning bell across forex, stocks, and commodities markets. Stay tuned for more updates as the upcoming economic events today, like the UK GDP MoM growth rate, US inflation rate, and much-awaited Fed interest rate decisions, may change the market dynamics.
