BM Market Report 10/10 – 2018: Walmart, Nio and American Crude Oil

BM Market Report 10/10 – 2018: Walmart, Nio and American Crude Oil

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.

A Series of Doubtful Events Shaves $100 Million from The Cryptocurrency Market: Should We Be Worried?
BM Market Report 23/10 – 2018: Company Reports, USD, and Sugar Production
Google Could Be Launching Censored Search Engine in China

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

Market and Index

  • The S&P 500 dropped 4.09 points (0.14 percent) before closing on Tuesday.
  • The Nasdaq Composite increased by 2.07 points (0.027 percent) before closing.
  • The Dow Jones Industrial Average dropped 56.21 points (0.21 percent) before the bell.


  • Walmart has been upgraded to a buy status by Deutsche Bank thanks to its growing online grocery business.
  • The European stock market is predicted to open lower on Wednesday due to political and budgetary uncertainties in Italy.
  • China’s leading electric car manufacturer is called Nio and the company share just jumped 9 percent after a major Tesla shareholder took a stake in the company.


Early Wednesday, USD/IDR and USD/MYR rose and created pressure on the USD/SGD.


  • China stopped importing American crude oil despite the fact that crude was not included in the official tariffs. According to recent data, China completely stopped importing US crude during the month of August. Sources claim that import has started again, although no exact numbers are available at this moment.
  • Gold inched higher once again during Tuesday trading amid fears of negative effects from the trade war.


Yet another uneventful day in terms of price development has passed on the cryptocurrency market. However, most of the market is currently trading in the red.

  • Bitcoin is down 0.78 percent compared to Tuesday morning.
  • Ethereum has fallen 1.71 percent in the past 24 hours.
  • XRP is down 2.84 percent since yesterday.

The gap between XRP’s and Ethereum’s market cap is increasing and we should not expect to see XRP reclaim the spot as the second largest cryptocurrency again in a while.

The biggest gainers since Tuesday are quite unknown, namely Noah Coin, Digitex Futures, and Eternal Token.

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


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