Morning Digest: Dollar Steady, US Stocks Soar: A Mixed Market Day

London: 1 April 2024 (TraderMade): Global markets offered a mixed bag today, with some currencies gaining against the US Dollar (USD) while others faltered. Let’s dive deeper into various segments:

Key Takeaways

• NOK (up 0.08%) and CAD (up 0.07%) gain, while EUR (down 0.09%) and NZD (down 0.07%) tumble against the US Dollar in G10 forex today.
• Asian indices declined, with the Nikkei down 1.88% and Hang Seng flat; European indices were flat; and US indices surged—SPX500 was up 0.51%, - Nasdaq 100 was up 0.67%, and Dow Jones was up 0.49%.
• Crude oil surged 0.2%, Natural Gas dipped 0.2%, while precious metals like Gold and Silver surged around 1.2%.

Forex

NOK and CAD are top gainers in G10 Forex Today

In the G10 FX Market, Norwegian Krone (NOK) and Canadian Dollar (CAD) are the top gainers today, up 0.08% (USDNOK currently at 10.82875) and 0.07% (CADUSD currently at 0.7389399) versus the dollar.

EUR and NZD are top laggers

Euro (EUR) and New Zealand Dollar (NZD) are the top losers, down 0.09% (EURUSD currently at 1.07862) and 0.07% ( NZDUSD currently trading at 0.59774) versus the dollar, respectively.

Forex Daily Pivot Points

Global Indices

Asian Markets Decline

Today, Asian equities markets are weaker. The Nikkei (JPN225) was trading at 39955.0, down 1.88%, and the Hang Seng (HKG33) was trading flat at 16586.25.

European Indices Flat

• The UK’s FTSE 100 (UK100) trades at 7986.25.
• France’s CAC 40 (FRA40) trades at 8223.55.
• Germany’s DAX 30 (GER30) trades at 18570.5.

US Equities Futures

Looking at Equity Futures so far,The SP500 Futures was trading at 5279.75, down 0.08%.

Popular US Indices Gain

• Standard & Poor’s 500 (SPX500) surged 0.51% to 5279.
• Nasdaq (NAS100) soared 0.67% to 18384.898.
• Dow Jones Industrial Average (USA30) also increased 0.49% to 40013.

Energy Markets Optimistic

Crude Oil Futures

In the Energy space, Oil futures were trading mixed today. The WTI Crude Futures was trading at 83.05, up 0.34%. The Brent Crude Futures was trading at 87.072, flat nan%.

Spot Prices

• Brent Crude (UKOIL) surged about 0.2% to $87.03301 a barrel.
• WTI Crude (OIL) was up by 0.23% to $83.025 a barrel.
• Natural Gas (NATGAS) dipped 0.19% to $1.823/MMBtu.

Precious Metals Surge

• Gold (XAUUSD) soared 1.29% to 2261.865.
• Silver (XAGUSD) surged 1.03% to 25.2245.

_{Please note that live rates are at about 06:35 AM GMT - Compared to Thursday, 28 March Close.}

To Summarize

Overall, the market sentiment was cautiously optimistic, with US investors seemingly unfazed by the weakness in Asian and European markets. As we near the weekend, keep an eye on how geopolitical developments and upcoming economic data releases could influence future market movements.