Archives of “August 4, 2020” day

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UN on reports that North Korea have developed nuclear warheads for ballistic missiles

  
Analysis, Politics
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Reuters siting a confidential UN sanctions monitor report they have sighted

  • North Korea continues to develop nuclear weapons program
  • Report says several countries assess North Korea has ‘probably developed miniaturized nuclear devices to fit into the warheads of its ballistic missiles’

News on escalations re NK are yen positive although the market has become a little complacent on such reports. Yen is not moving much on this report.

Pelosi confirms US coronavirus economic rescue package talks to continue Tuesday

  
  Analysis
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  • U.S. House Speaker Nancy Pelosi

  • Treasury Secretary Steven Mnuchin
  • White House Chief of Staff Mark Meadows
will meet again on Tuesday for further talks on the next around of coronavirus economic aid.
Pelosi said the talks Monday had been productive

NASDAQ close is at a new record

  
Analysis, US Market

Major indices get off to a good start for the month of August

The US stock indices are all closing higher with the NASDAQ leading the way to the upside.  The NASDAQ is on a 4 day winning streak. The S&P and Dow have been up for 2 consecutive days. The S&P 500 is closing less than 3% from the all-time high.

The final numbers are showing;
  • S&P index rose 23.49 points or 0.72% to 3294.61
  • NASDAQ index rose 157.52 points or 1.47% to 10902.79
  • Dow industrial average rose 236.08 points or 0.89% to 26664.40.
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