Monday (11 Aug)
US President Trump extended China’s tariff deadline by another 90 days as well as no tariffs to be implemented on gold.
Tuesday (12 Aug)
US core CPI edged upwards slightly to 0.3% from 0.2%.
Wednesday (13 Aug)
CME’s FedWatch Tool is showing a 100% chance of a rate cut at Fed’s September meeting.
S&P 500 and Nasdaq closes at record high.
Amazon announced free same-day delivery, catering for its fresh groceries.
Thursday (14 Aug)
Core PPI and PPI July data increased from 0% to 0.9%, more than the 0.2% that analyst had forecast.
Bloomberg reported that the US government could potentially take a stake in Intel (INTC).
S&P 500 closed at its third record high.
Warren Buffett’s Berkshire Hathaway had invested about US$1.6 billion worth of UnitedHealth (UNH) shares. It also added Lennar, Nucor and D.R Horton, while reducing positions in Apple and Bank of America.
Friday (15 Aug)
Core PPI and PPI July data increased from 0% to 0.9%, more than the 0.2% that analyst had forecast.
Semiconductor equipment manufacturer Applied material (AMAT) fell after latest outlook came below analyst expectations.
Data Storage provider Sandisk (SNDK) reported a dropped in gross margin.