Morning Digest: Mixed Start with Commodities Gaining
London: 9 May 2024 (TraderMade): Welcome to today's Morning Digest! The statistics at the morning bell indicate gains for currencies like NOK & USD, while a dip for SEK & CHF.
Global indices have mostly declined, except Hang Seng, which has gained 0.89%. Energy and Precious Metals markets surged significantly. Here are the sector-wise details:
Key Takeaways
- NOK & USD shine, while SEK (down 0.09%) and CHF (down 0.05%) decline in G10 forex today.
- Asian markets were mixed: The Nikkei (JPN225) dipped 0.25%, while the Hang Seng (HKG33) surged 0.89%.
- European indices slightly declined: FTSE (UK100) slipped 0.18%, CAC (FRA40) dipped 0.09%, and DAX (GER30) declined 0.01%.
- US markets dipped: S&P (SPX500) slipped 0.11%, Nasdaq (NAS100) dipped 0.09%, and Dow Jones (USA 30) dipped 0.12%.
- Energy markets traded stronger today: Brent Crude (UKOIL) gained 0.1%, WTI Crude (OIL) soared 0.18%, and Natural Gas (NATGAS) surged 1.02%.
- Among Precious Metals, Gold surged 0.31%, while Silver surged 1.14%.
G10 Forex
NOK and USD are Top Gainers
In the G10 FX Market, the Norwegian Krone (NOK) and the US Dollar (USD) are today's top gainers as they surge against the other major currencies.
SEK and CHF are Top Laggers
Swedish Krona (SEK: dipped 0.09%) and Swiss Francs (CHF: slipped 0.05%) are the top losers versus the dollar, respectively.
Forex Daily Pivot Points
Global Indices Mostly Dipped
Asian Markets Mixed
In Asian equities, markets were trading mixed today. The Hang Seng was trading at 18524.0, up 0.89%. The Nikkei 225 was trading at 38177.5, down 0.25%.
European Indices Slightly Declined
- The UK's FTSE 100 (UK100) declined 0.18% to 8369.1.
- France's CAC 40 (FRA40) slightly dipped by 0.09% to 8129.4.
- Germany's DAX 30 (GER30) narrowly slipped to 18541.8.
US Equities Futures Slightly Dipped
Looking at Equity Futures so far,The SP500 Futures was trading at 5182.2002, down 0.1%.
Popular US Indices Dipped
- Standard & Poor's 500 (SPX500) declined 0.11% to 5182.7.
- Nasdaq (NAS100) dipped 0.09% to 18055.55.
- Dow Jones Industrial Average (USA30) slipped 0.12% to 39043.
Energy Markets Surge
Crude Oil Futures Strengthened
In the Energy space, Oil futures were trading stronger today. The WTI Crude Futures was trading at 79.037, up 0.16%. The Brent Crude Futures was trading at 83.629, up 0.11%.
Spot Prices Heat Up
- Brent Crude (UKOIL) soared 0.1% to $83.626 a barrel.
- WTI Crude (OIL) surged 0.18% to $79.049 a barrel.
- Natural Gas (NATGAS) surged 1.02% to $2.3735/MMBtu.
Precious Metals Shine
- Gold (XAUUSD) surged 0.31% to 2315.98.
- Silver (XAGUSD) soared 1.14% to 27.6465.
To Summarize
The global markets painted a mixed picture at the morning bell today. Some currencies gained while some lost, global indices looked pessimistic, and energy and metals markets surged. Stay tuned for the latest updates as the trading day unfolds.
