Morning Digest: Mixed Start with SEK & CHF Gaining

London: 3 June 2024 (TraderMade): Welcome to today's Morning Digest! Let's take a glance at sector-wise ups and downs in various financial markets across the globe this morning:

Key Takeaways

• Forex: SEK (Up 0.11%) & CHF (Up 0.1%) surged; JPY (Down 0.12%) & AUD (Down 0.11%) declined against the USD.
• Asia-Pacific Surged: Nikkei (JPN225) was up 0.55%, Hang Seng (HKG33) surged 1.97%.
• European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) were unchanged at writing time.
• US Markets Soared: S&P 500 (SPX500) was up 0.18%, Nasdaq (NAS100) was up 0.35%, and Dow Jones (USA30) was up 0.19% today.
• Energy Markets: Brent Crude (UKOIL) dipped 0.59%, WTI Crude (OIL) slipped 0.62%, yet Natural Gas (NATGAS) surged 4.29%.
• Precious Metals Lost Shine: Gold (XAUUSD) dipped 0.36%, and Silver (XAGUSD) declined 1.56% today.

G10 Forex

SEK & CHF are Top Gainers

In the G10 FX Market, Swedish krona (SEK: Surged 0.11%) and Swiss Francs (CHF: Soared 0.1%) are the top gainers today versus the dollar (USD).

JPY & AUD are Top Laggers

The Japanese Yen (JPY: Dipped 0.12%) and the Australian Dollar (AUD: Slipped 0.11%) are the top losers compared to the dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Strengthened

Today, Asian equities markets are stronger. The Hang Seng (HKG33) was trading at 18517.0, up 1.97%, and the Nikkei (JPN225) was trading at 38964.5, up 0.55%.

European Indices Flat At Writing Time

• The UK's FTSE 100 (UK100) trades flat at 8311.3.
• France's CAC 40 (FRA40) trades flat at 8011.6.
• Germany's DAX 30 (GER30) trades flat at 18588.1.

US Equities Futures Edged Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5298.25, up 0.1%.

Popular US Indices Soared

• Standard & Poor's 500 (SPX500) surged 0.18% to 5298.05.
• Nasdaq (NAS100) soared 0.35% to 18609.05.
• Dow Jones Industrial Average (USA30) surged 0.19% to 38816.

Energy Markets

Crude Oil Futures Mixed

In the energy space, oil futures are trading mixed today. The WTI Crude Futures was trading at 76.755, up 0.14%, and the Brent Crude Futures was trading at 80.96, down 0.47%.

Crude Oil Spot Prices Dipped

• Brent Crude (UKOIL) dipped 0.59% to $80.865 a barrel.
• WTI Crude (OIL) slipped 0.62% to $76.68 a barrel.
• Natural Gas (NATGAS) surged 4.29% to $2.72/MMBtu.

Precious Metals Dipped

• Gold (XAUUSD) dipped 0.36% to 2319.355.
• Silver (XAGUSD) dipped 1.56% to 29.936.

To Summarize

The global financial markets painted a mixed picture at the morning bell, with SEK and CHF gaining in FX, Asian and US markets surging, and crude oil and precious metals declining. Stay tuned for the latest updates as the trading day unfolds.

_{Percentage changes calculated considering Friday's Close and Today's Live (Mid) Values at writing time. Image Credit: vecstock on Freepik}