BM Market Report 26/09 – 2018: Delta, Square, Google, and XRP

BM Market Report 26/09 – 2018: Delta, Square, Google, and XRP

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.

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Another day with mixed results have passed on the American market and we’re hoping to see things pick up today.

  • The S&P 500 dropped 3.81 points or 0.13 percent during Tuesday trading.
  • The Nasdaq Composite increased by 14.22 points or 0.18 percent.
  • The Dow Jones Industrial Average dropped 69.84 points or 0.26 percent.

Stocks

  • Delta Airlines was forced to halt all their domestic departures due to a technical issue. Operations have since resumed as normal.
  • Nike shares fell in after-hours despite the fact that the company beat earnings and experienced a 15 percent growth in profit.
  • Square shares surged by almost 11 percent during Tuesday trading, and some analysts are now saying that the company should be added to the FANG stock basket due to its disruptive potential in the tech industry.

Forex

  • We have a lot of events to keep track of today and a range of potential trading opportunities to make use off. In fact, there is a total of six events planned throughout the day that are connected to the USD. Out of those six events, the FOMC meeting is the most important.
  • In addition, another three reports are expected from New Zealand (NZD).

Commodities

Iran’s oil export is declining ahead of a new round of sanctions from the United States. As a result, analysts claim that the country’s economy might fall upwards of 4 percent this year.

Cryptocurrencies

  • Google has announced that they will roll out certain cryptocurrency ads again in October after banning them completely earlier this year. Starting in October, regulated exchanges in the US and Japan will be allowed to advertise on the platform.
  • Representatives for the American cryptocurrency industry told Congress to figure out regulation or lose out on innovation, claiming that many industry leaders are prepared to move their business overseas.

In terms of price development, we’ve seen everything from surging assets to falling prices and can provide you with a quick roundup.

  • Bitcoin has fallen 0.97 percent since yesterday.
  • Ethereum is down 3.97 percent since Tuesday morning.
  • XRP has surged 11.17 percent in the same time frame, qualifying as one of the top three assets this past day.

The biggest gainers during Tuesday trading was Hshare (57.50 percent), Electroneum (14.86 percent), and XRP (11.17 percent).

The biggest losers are RChain, Aurora, and Chainlink.

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