Morning Digest: Mixed Start with SEK & NOK Shining

London: 28 May 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets show a mixed start this morning, with SEK & NOK gaining in forex, global indices declining, and crude oil gaining ground, yet gold and silver losing shine. Let’s take a quick sector-wise glance:

Key Takeaways

• Forex: SEK (Up 0.35%) & NOK (Up 0.25%) surged, while GBP & USD declined.
• Asia-Pacific Mixed: Nikkei (JPN225) declined 0.25%, Hang Seng (HKG33) slightly edged up by 0.03%.
• European Indices Dipped: FTSE (UK100) was closed yesterday, CAC (FRA40) dipped 0.25%, DAX (GER30) slightly declined by 0.06%.
• US Markets Slipped: S&P 500 (SPX500), Nasdaq (NAS100), and Dow Jones (USA30) declined by about 0.1%.
• Energy Markets: Brent Crude (UKOIL) surged 0.13%, WTI Crude (OIL) soared 0.27%, yet Natural Gas (NATGAS) dipped 1.6% today.
• Precious Metals Declined: Gold (XAUUSD) dipped 0.24%, Silver (XAGUSD) slipped 0.46%.

G10 Forex

SEK & NOK are Top Gainers

In the G10 FX Market, Swedish Krona (SEK: Surged 0.35%) and Norwegian Krone (NOK: Soared 0.25%) are the top gainers today versus the dollar (USD).

GBP & USD are Top Laggers

British Pound Sterling (GBP) and US Dollar (USD) are the top losers, as they declined against the other major currencies.

Forex Daily Pivot Points

Global Indices Mostly Dipped

Asian Markets Mixed

Today, Asian equities markets were mixed. The Hang Seng was trading at 18838.0, up 0.03%, and the Nikkei 225 was trading at 38854.0, down 0.25%.

European Indices Dipped

• The UK’s FTSE 100 (UK100) trades at 8329.699. It was closed yesterday for a holiday.
• France’s CAC 40 (FRA40) declined 0.25% to 8128.6.
• Germany’s DAX 30 (GER30) was slightly down by 0.06% at 18799.5.

US Equities Futures Slightly Edged Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5317.3999, up 0.05%.

Popular US Indices Dipped

• Standard & Poor’s 500 (SPX500) declined about 0.1% to 5316.4004.
• Nasdaq (NAS100) slipped 0.18% to 18872.398.
• Dow Jones Industrial Average (USA30) dipped about 0.1% to 39137.

Energy Markets

Crude Oil Futures Surged

In the energy space, the oil futures trade is stronger today. The WTI Crude Futures were trading at 78.7, up 0.29%, and the Brent Crude Futures were trading at 83.039, up 0.26%.

Crude Oil Spot Prices Soared

• Brent Crude (UKOIL) soared 0.13% to $82.928 a barrel.
• WTI Crude (OIL) surged 0.27% to $78.616 a barrel.
• Natural Gas (NATGAS) dipped 1.6% to $2.7715/MMBtu.

Precious Metals Lost Shine

• Gold (XAUUSD) dipped 0.24% to 2347.5298.
• Silver (XAGUSD) dipped 0.46% to 31.552.

To Summarize

The global markets paint a mixed picture this morning. This Morning Digest covers the status of forex, global indices, energy, and metal markets. Stay tuned for more updates as the trading day progresses.