BM Market Report 23/10 – 2018: Company Reports, USD, and Sugar Production

BM Market Report 23/10 – 2018: Company Reports, USD, and Sugar Production

BM’s daily business update provides you with a daily dose of headlines from the past 24 hours. Get a quick overview of what has happened and what could happen in the global markets to prepare yourself for the day. Subscribe to our push notifications down in the left corner to receive this and many other updates directly to your device of preference.

Oil Is Bound To Soar As Iran Sanctions Become A Reality
The Cryptocurrency Bloodbath Didn’t Last Long
S&P 500 Prediction Raised to 18% Just Three Trading Days Into The New Year

Find the best trading platform. You capital is at risk when trading. Be careful.

Want to get notified? Get our daily market report every morning by accepting push notifications or press the push notifications icon in the left corner. Looking to start trading? Find the best CFD broker, forex broker or stockbroker.

Create free demo account with

Markets and Indices

Another day with mixed development has passed and we’re still waiting for the American stock market to initiate another rally.

  • The S&P 500 fell by 11.90 points (0.43 percent) and has effectively continued its downward trend.
  • The Nasdaq Composite rose by 19.60 points (0.26 percent) but is also stuck in a downward trend it seems incapable of breaking out of.
  • The Dow Jones Industrial Average dropped 126.93 points (0.50 percent).


Starting today, we have a large number of company reports to keep track off. In fact, several of the world’s largest companies, retailers, restaurant chains, and banks have reports planned for the next four days.

  • Cannabis stocks experience the second-worst trading day ever only a few weeks after the worst trading day ever. The ETF named ETFMG Alternative Harvest (MJX) dropped 9.2 percent during Monday mostly thanks to Tilray plummeting 15.6 percent.
  • Oculus co-founder is the latest Facebook executive to leave the company. On Monday, Brendan Iribe announced that he will be leaving Facebook, joining the two Instagram co-founders as well as the founder of Whatsapp, who have already left the company this year.


  • USD’s latest gains are at risk as the S&P 500 falls and today’s development could give us a possible heads up of where the currency is headed.
  • Later today, there are three events and reports that will affect the CAD and potentially create good trading opportunities.


  • Oil prices fell after Saudi Arabia promised to play a “responsible role” in the energy industry.
  • Brazilian sugar and ethanol producer BioSev has initiated an asset sale to cover their debt, according to inside sources.


The cryptocurrency market remained quite stable with small losses for most assets during Monday. While investors are waiting for the next breakout, the actual forecast is still uncertain for the market.

  • Bitcoin has dropped 0.16 percent since yesterday morning.
  • Ethereum has dropped 0.51 percent since Monday.
  • XRP has dropped 0.97 percent in the past 24 hours.

Find the best trading platform. You capital is at risk when trading. Be careful.


Between 65-89% of retail CFD accounts lose money.