Morning Digest: Optimistic Yet Mixed Start

London: 5 June 2024 (TraderMade): Welcome to today’s Morning Digest! The global financial markets showcase an optimistic start this morning with gains across Asian indices, US indices, Energy, and Metals. Let’s deep-dive into sector-wise updates:

Key Takeaways

• Forex: SEK (Edged up 0.19%) & NZD (gained 0.1%), while JPY (Down 0.46%) & CHF (Dipped 0.1%) against USD today.
• Asia-Pacific Mixed: Nikkei (JPN225) dipped 0.44%, Hang Seng (HKG33) edged up 0.51% today.
• European Indices Flat: FTSE (UK100), CAC (FRA40), and DAX (GER30) traded flat at writing time.
• US Markets Soared: S&P 500 (SPX500) was up 0.13%, Nasdaq (NAS100) surged 0.24%, and Dow Jones (USA30) soared 0.17% today.
• Energy Markets Surged: Brent Crude (UKOIL) surged 0.3%, WTI Crude (OIL) soared 0.32%, and Natural Gas (NATGAS) made modest gains of 1.2%.
• Precious Metals Gained: Gold (XAUUSD) surged 0.48%, and Silver (XAGUSD) soared 0.67%.

G10 Forex

SEK & NZD are Top Gainers

In the G10 FX Market, Swedish Krona (SEK: Edged up 0.19%) and New Zealand Dollar (NZD: Soared 0.1%) are the top gainers today versus the dollar (USD).

JPY & CHF are Top Laggers

The Japanese Yen (JPY: declined 0.46%) and Swiss Francs (CHF: dipped 0.1%) are the top losers versus the dollar (USD).

Forex Daily Pivot Points

Global Indices Mixed

Asian Markets Mixed

In Asian equities, markets were trading mixed today. The Hang Seng (HKG33) was trading at 18501.0, up 0.51%. The Nikkei (JPN225) was trading at 38384.5, down 0.44%.

European Indices Flat

• The UK’s FTSE 100 (UK100) trades flat at 8261.
• France’s CAC 40 (FRA40) trades flat at 7962.5.
• Germany’s DAX 30 (GER30) trades flat at 18459.4.

US Equities Futures Edged Up Slightly

Looking at Equity Futures so far, The SP500 Futures was trading at 5305.25, up 0.05%.

Popular US Indices Soared

• Standard & Poor’s 500 (SPX500) soared 0.13% to 5302.65.
• Nasdaq (NAS100) surged 0.24% to 18713.3.
• Dow Jones Industrial Average (USA30) edged up 0.17% to 38806.

Energy Markets Stronger

Crude Oil Futures Soared

In the Energy space, Oil futures were firm today. The Brent Crude Futures were trading at 77.46, up 0.36%, and the WTI Crude Futures were trading at 73.125, up 0.29%.

Spot Prices Heat Up

• Brent Crude (UKOIL) surged about 0.3% to $77.41 a barrel.
• WTI Crude (OIL) soared 0.32% to $73.08 a barrel.
• Natural Gas (NATGAS) made modest gains of 1.2% to $2.681/MMBtu.

Precious Metals Gained Glimmer

• Gold (XAUUSD) surged 0.48% to 2338.095.
• Silver (XAGUSD) also soared 0.67% to 29.694.

To Summarize

The global markets show an optimistic picture at the morning bell. Today’s Morning Digest covers updates across forex, stocks, and commodity markets. Be with us as we bring you the latest financial news as the trading day unfolds.