Morning Digest: Optimistic Start with Asia & US Markets Surging

London: 14 June 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets paint a mixed yet optimistic picture this morning as Asia-Pacific and US indices, Energy, and Precious Metals surge. Let’s take you through sector-wise updates:

Key Takeaways

• Forex: NOK (Up 0.08%) & CAD (Up 0.02%) lead the pack, while JPY (Down 0.57%) & NZD (Down 0.25%) declined versus the dollar (USD) today.
• Asia-Pacific Soared: Nikkei (JPN225) climbed 0.57%, Hang Seng (HKG33) soared 0.24%.
• European Indices Unchanged: FTSE (UK100), CAC (FRA40), and DAX (GER30) were trading flat at writing time.
• US Markets Soared: S&P 500 (SPX500) surged 0.1%, Nasdaq (NAS100) soared 0.16%, and Dow Jones (USA30) also slightly edged up today.
• Energy Markets Surged: Brent Crude (UKOIL) soared 0.39%, WTI Crude (OIL) surged 0.25%, and Natural Gas (NATGAS) also surged 0.59% today.
• Precious Metals Gained Shine: Gold (XAUUSD) surged 0.25%, and Silver (XAGUSD) also gained 0.43% today.

G10 Forex

NOK & CAD are Top Gainers

In the G10 FX Market, Norwegian Krone (NOK: Surged 0.08%) and Canadian Dollar (CAD: Slightly edged up 0.02%) are the top gainers today versus the dollar (USD).

JPY & NZD are Top Laggers

Japanese Yen (JPY: Dipped 0.57%) and New Zealand Dollar (NZD: Slipped 0.25%) are the top losers versus the dollar (USD) today.

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Surged

In Asian equities, markets were trading stronger today. The Nikkei (JPN225) was trading at 38877.0, up 0.57%. The Hang Seng (HKG33) was trading at 17981.0, up 0.24%.

European Indices Flat

The UK’s FTSE 100 (UK100) trades flat at 8172. France’s CAC 40 (FRA40) trades flat at 7720.2. Germany’s DAX 30 (GER30) trades flat at 18284.9.

US Equities Futures Slightly Edged Up

Looking at Equity Futures so far, The SP500 Futures was trading at 5436.6499, up 0.08%.

Popular US Indices Soared

Standard & Poor’s 500 (SPX500) surged about 0.1% to 5436.85. Nasdaq (NAS100) surged 0.16% to 19621.5. Dow Jones Industrial Average (USA30) slightly edged up to 38648.5.

Energy Markets

Crude Oil Futures Stronger

In the Energy space, Oil futures were trading stronger today. The WTI Crude Futures was trading at 77.82, up 0.4%. The Brent Crude Futures was trading at 82.13, up 0.32%.

Spot Prices

• Brent Crude (UKOIL) surged 0.39% to $82.19 a barrel.
• WTI Crude (OIL) surged 0.25% to $77.875 a barrel.
• Natural Gas (NATGAS) soared 0.59% to $3.003/MMBtu.

Precious Metals

• Gold (XAUUSD) soared 0.25% to 2309.8691.
• Silver (XAGUSD) also surged 0.43% to 29.092.

To Summarize

Today’s Morning Digest provides you with a quick overview of ups and downs in various financial markets, including forex, stocks, and commodities. Stay tuned for more insights as the BoJ interest rate decision may cause changes in the market dynamics.