Sat, 15 Aug 2020

NEW YORK, New York - The U.S. stock markets were largely unchanged on Wednesday, although all the major indices recorded minor losses.

Concerns over a resolution to the United States and China trade impasse frustrated investment decisions. Talks have been halted and there appears little appetite from either side for a resumption. Both sides have blamed the other for the breakdown.

The strength of the U.S. dollar continued Wednesday with only minor changes occurring.

The Dow Jones Industrial Average gave up 100.85 points or 0.39% to close at 25,776.48 on Wednesday.

The Standard and Poor's 500 dropped 8.1 points or 0.28% to 2,856.26.

The Nasdaq Composite fell 34.88 points or 0.45% to 7,750.84.

The euro slumped to 1.1154, while the British pound eased to 1.2664 amidst calls for the resignation of Prime Minister Theresa May.

The Japanese yen rose a few points to 110.32, as did the Swiss franc to 1.0094.

The Canadian dollar eased a touch to 1.3428. The Australian amnd New Zealand dollars were largely unchanged at 0.6883 and 0.6497 respectively.

In Overseas markets, the FTSE 100 in London rose 0.07%.

The German Dax edged up 0.21%, while the Paris-based CAC 40 eased by 0.12%.

In Asian markets, Japan's Nikkei 225 gained 10.92 points or 0.05% to 21,283.37.

The Australian All Ordinaries continued its post-election relief rally, adding another 13.70 points or 0.21% to 6,598.10.

China's Shanghai Composite lost 14.26 points or 0.49% to 2,891.70 as prospects of a resumption of trade talks with the United States remained problematical, although China is willing. "China remains ready to continue our talks with our American colleagues to reach a conclusion. Our door is still open," Tiankai Cui, China's ambassador to the U.S. told Fox News on Tuesday.

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