News

Market news: US President Trump will visit the Nassau County Police Academy in New York City tomorrow.

The U.S. Geological Survey reports a 5.4-magnitude earthquake in the Kermadec Islands.

The Premier of Saskatchewan, Canada, said: “There are several sensitive issues in the negotiations, including dairy products, but the progress so far is encouraging.”

The Premier of Saskatchewan, Canada: With the August 19 tariff deadline approaching, negotiations between Canada and the United States have clearly heated up in the past few weeks.

The Premier of Saskatchewan, Canada, stated that both sides need to maintain a broader objective in the Canada-US trade negotiations, namely reviewing and updating the USMCA (United States-Mexico-Canada Agreement).

Market news: Ukraine has proposed a ceasefire in the Black Sea to Russia.

Mexico's main stock index fell 1%.

U.S. mortgage rates fell slightly for the first time in six weeks.

Fannie Mae: The average yield on 30-year fixed-rate mortgages in the U.S. was 6.67% in the week ending August 13, down from 6.69% the previous week.

According to the Washington Post, approximately 25% of U.S. Reaper drones were shot down during the Iran-Iraq War.

The German DAX 30 index closed down 37.69 points, or 0.14%, at 26,308.60 on Thursday, August 13; the UK FTSE 100 index closed down 63.95 points, or 0.59%, at 10,769.20 on Thursday, August 13; and the FCHI index closed down 24.38 points, or 0.28%, at 8,650.56 on Thursday, August 13. The Euro Stoxx 50 index closed up 13.96 points, or 0.21%, at 6547.95 on Thursday, August 13; the Spanish IBEX 35 index closed down 25.25 points, or 0.12%, at 20179.15 on Thursday, August 13; and the Italian FTSE MIB index closed up 26.34 points, or 0.05%, at 53725.00 on Thursday, August 13.

A U.S. judge dismissed a lawsuit filed by the Trump administration accusing Harvard University of failing to protect Jewish students.

The US Treasury auction for the 8 weeks ending August 13th yielded a winning bid of 3.665%, compared to 3.71% previously.

The percentage of US Treasury bonds auctioned for the 8 weeks ending August 13 was 36.84%, compared to 17.93% previously.

US Treasury auction for the 8 weeks ending August 13 - bid-to-cover ratio 2.85, compared to 2.74 previously.

The US Treasury auction for the four weeks ending August 13th yielded a winning bid of 3.625%, compared to 3.64% previously.

US Treasury auction results for the four weeks ending August 13: Percentage of winning bids allocated to interest rates was 79.23%, compared to 72.82% previously.

US Treasury auction results for the four weeks ending August 13: Bid-to-cover ratio 2.77, compared to 2.68 previously.

Bank of England Chief Economist Peel: (Regarding the UK GDP data) This makes me even more confident that we are not entering a phase of sharp decline.

The United States will send a new aircraft carrier to the Middle East.