Morning Digest: Mixed Yet Optimistic Picture

London: 20 May 2024 (TraderMade): Welcome to today's Morning Digest! The global financial markets started the week with a mixed picture this morning. AUD & NOK gained, while NZD & JPY dipped against USD; global indices were mixed; energy and metals surged. Here are sector-wise updates:

Key Takeaways

• In G10 Forex, AUD (up 0.16%) & NOK (up 0.11%) lead the pack, while NZD (down 0.07%) & JPY (down 0.03%) are top laggers against the USD today.
• Asian markets mixed: Nikkei (JPN225) soared 0.76%, and Hang Seng (HKG33) dipped 0.07% today.
• European indices, including FTSE (UK100), CAC (FRA40), and DAX (GER30), traded almost flat today.
• US indices surged: S&P 500 (SPX500) soared 0.22%, Nasdaq (NAS100) was up 0.31%, and Dow Jones Industrial Average (USA30) gained 0.13%.
• In the Energy space, Brent Crude (UKOIL) surged 0.020%, WTI Crude (OIL) soared 0.12%, and Natural Gas (NATGAS) made modest gains of 2.83%.
• Among Precious Metals, Gold surged 1.01%, Silver soared 2.83%.

G10 Forex

AUD and NOK are Top Gainers

In the G10 FX Market, the Australian Dollar (AUD: Surged 0.16%) and Norwegian Krone (NOK: Soared 0.11%) are today's top gainers against the US Dollar.

NZD and JPY are Top Laggers

The New Zealand Dollar (NZD: Dipped 0.07%) and Japanese Yen (JPY: Dipped 0.03%) are the top losers versus the dollar today.

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

Asian equities markets were mixed today. The Nikkei (JPN225) was trading at 39047.5, up 0.76%, and the Hang Seng (HKG33) was trading at 19710.0, down 0.07%.

European Indices Flat

• The UK's FTSE 100 (UK100) trades almost flat at 8432.4.
• France's CAC 40 (FRA40) made minor gains to 8180.4.
• Germany's DAX 30 (GER30) trades almost flat at 18724.602.

US Equities Futures Flat

Looking at Equity Futures so far, The SP500 Futures was trading flat at 5316.5498.

Popular US Indices Soared

• Standard & Poor's 500 (SPX500) made a modest gain of 0.22% to 5316.8.
• Nasdaq (NAS100) surged 0.31% to 18604.602.
• Dow Jones Industrial Average (USA30) edged up by 0.13% to 40069.

Energy Markets Strengthened

Crude Oil Futures Stronger

In the energy space, the oil futures trade is stronger today. The WTI Crude Futures were trading at 79.572, up 0.35%, and the Brent Crude Futures were trading at 83.848, up 0.16%.

Spot Prices Surged

• Brent Crude (UKOIL) made a modest rise of 0.20% to $83.878 a barrel.
• WTI Crude (OIL) edged up by 0.12% to $79.59199 a barrel.
• Natural Gas (NATGAS) made a modest gain of 1.27% to $2.8135/MMBtu.

Precious Metals Shine

Gold (XAUUSD) surged 1.01% to 2438.857. Silver (XAGUSD) made modest gains of 2.83% to 32.3115.

To Summarize

Global financial markets were mixed today. Some currencies, like the Australian (AUD) and Norwegian Kroner (NOK), strengthened against the US dollar (USD), while others, like the New Zealand Dollar (NZD) and Japanese Yen (JPY), weakened.

Major stock indexes around the world were mixed. However, there were clear winners in commodities, with energy prices and metals experiencing a surge. Stay with us for the latest financial updates as the trading day is unveiled.

_{Percentage changes have been calculated considering Friday Close and Live Mid values at about 05:17 AM GMT. Image Courtesy: master1305 on Freepik}