Morning Digest: Mixed Start with NOK, USD, Metals Gaining
London: 24 May 2024 (TraderMade): Welcome to today's Morning Digest! The global financial markets paint a mixed picture this morning, with NOK & USD leading the pack in forex, Nikkei gaining in Asia, US Indices surging, and Crude Oil dipping, yet Natural Gas and Precious Metals, like Gold & Silver making modest gains. Here is a snapshot of various sectors:
Key Takeaways
- Forex: NOK & USD lead the pack, while CHF (Down 0.11%) & JPY (Down 0.1%) are top laggers today.
- Asia-Pacific Mixed: Nikkei (JPN225) was up 0.72%, Hang Seng (HKG33) slightly dipped by 0.03%.
- European Indices: FTSE (UK100), CAC (FRA40), and DAX (GER30) trade flat.
- US Markets Surged: S&P 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30) surged over 0.1% today.
- Energy Markets: Crude oil dipped: Brent Crude (UKOIL) was down 0.17%, WTI Crude (OIL) slipped 0.2%, yet Natural Gas (NATGAS) surged 0.94%.
- Precious Metals Gain Luster: Gold (XAUUSD) surged 0.37%, while Silver (XAGUSD) made modest gains of 1.34% today.
G10 Forex
NOK & 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 surged against the other major currencies.
CHF & JPY are Top Laggers
Swiss Francs (CHF: Dipped 0.11%) and Japanese Yen (JPY: Declined 0.1%) are the top losers versus the dollar, respectively.
Forex Daily Pivot Points
Global Indices Mixed
Asian Markets Mixed
Today, Asian equities markets were mixed. The Nikkei 225 was trading at 38709.5, up 0.72%, and the Hang Seng was trading at 18639.0, down 0.03%.
European Indices Flat
- The UK's FTSE 100 (UK100) trades flat at 8292.4.
- France's CAC 40 (FRA40) trades flat at 8066.2.
- Germany's DAX 30 (GER30) trades flat at 18590.41.
US Equities Futures Edged Up
Looking at Equity Futures so far, The SP500 Futures was trading at 5277.4004, up 0.1%.
Popular US Indices
- Standard & Poor's 500 (SPX500) soared 0.1% to 5276.1504.
- Nasdaq (NAS100) surged 0.12% to 18650.45.
- Dow Jones Industrial Average (USA30) surged 0.11% to 39105.
Energy Markets
Crude Oil Futures Dipped
In the energy space, oil futures trade is weak today. The WTI Crude Futures were trading at 76.719, down 0.04%, and the Brent Crude Futures were trading at 81.08, down 0.19%.
Crude Oil Spot Prices Slipped
- Brent Crude (UKOIL) dipped 0.17% to $81.095 a barrel.
- WTI Crude (OIL) dipped about 0.2% to $76.729 a barrel.
- Natural Gas (NATGAS) surged 0.94% to $2.962/MMBtu.
Precious Metals Gained Shine
- Gold (XAUUSD) surged 0.37% to 2337.3066.
- Silver (XAGUSD) made modest gains of 1.34% to 30.5295.
To Summarize
This Morning Digest covers the status of various financial instruments at the morning bell. NOK and USD gained against other currencies in forex; global indices were mixed; crude oil dipped; Natural Gas, Gold, and silver gained. Stay with us as we present more updates as the trading day unfolds.
