Archives of “August 19, 2020” day

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ICYMI – Yonhap on North Korea’s up to 60 nuclear weapons & world’s third-largest stockpile of chemical weapons

  
Analysis, Politics
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Yonhap (South Korean media) cited a U.S. Department of the Army report, “North Korean tactics” published in July.

  • “Estimates for North Korean nuclear weapons range from 20-60 bombs, with the capability to produce 6 new devices each year” 
  • “North Korea sought nuclear weapons because its leaders thought the threat of a nuclear attack would prevent other countries from contemplating a regime change” 
ps. I am expecting something from NK today:
  • North Korea says it will convene a high level meeting on Wednesday – matter of ‘crucial significance’
Kim’s ‘Mission accomplished’ grin:
Yonhap (South Korean media) cited a U.S. Department of the Army report, "North Korean tactics" published in July. 

Brexit talks look set to hit another roadblock, this time over truck access to the EU

  
  Analysis
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The Financial Times report that Brexit trade talks set to stall again over British truckers’ EU access

  • Brussels warns that UK demands on haulage are too close to single-market rights

Brussels has rejected the UK’s opening demands for continued wide-ranging access to the EU for British truckers
This is just one of the points upon which negotiations will stall. Fishing rights, state subsidies are others. Talks are this week between the two sides.
The Financial Times report that Brexit trade talks set to stall again over British truckers' EU accessBrussels warns that UK demands on haulage are too close to single-market rights

S&P and NASDAQ index close at new record highs

  
Analysis, US Market
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Dow falls on the day

Both the S&P and NASDAQ index closed at record highs today. The gain in the S&P index from the March low has now risen over 54%. The Dow industrial average did not fare as well. It fell by -0.24% on the day. The NASDAQ index continued its surge and outperformed the other indices once again.

A look at the final numbers are showing:
  • S&P index rose 7.78 points or 0.23% at 3389.77. The close today surpassed the February 19 high close of 3386.15.  The index they also took out the high intraday level from February 19 that 3393.52. The new all-time intraday high price is 3395.06. The S&P index is now up 4.92% year-to-date
  • NASDAQ index also closed at a new record high. It moved up by 81.118 points or 0.73% to 11210.84. The intraday high price of 11230.61 is now the new all time high intraday level. The low price reached 11103.83. The NASDAQ index year-to-date is up 24.95 points
  • Dow industrial average fell -66.84 points or -0.24% to 27778.07. It’s high price reached 27891.12, while its low extended to 27668.79. The Dow industrial average is still down -2.66% on the year.
The flow funds in the US also did not benefit the small-cap Russell 2000. It fell by -1.02% on the day.
The European markets also did not do well today. Each of the major indices gave up gains and closed lower on the day led by the UK FTSE which fell by -0.83%.
US and European stock indices
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