(14 AUGUST 2020)DAILY MARKET BRIEF 1:Markets mixed

<p>US equities edged lower, except for technology stocks as standstill fiscal talks in the US limited the appetite for more equity purchases as the major US indices fluctuated near their all-time highs. The treasury yields rose after the record 30-year US bond auction saw weak demand on Thursday hinting that the heavily swamped debt market couldn’t absorb the additional debt easily. Meanwhile, US President Donald Trump refused to fund the US postal services to increase his chances of delaying the November presidential election, amid surveys started showing up to double digit advance for his rival Biden. And the markets don’t even react badly to an eventual Biden victory on reassurance that under the actual circumstances, Democrats can’t take any steps to harm the financial markets, anyway. Right now, Biden victory is seen as neutral for the stock markets, some believe that there could even be some positive in switching the government after two years of tense relationship with China, and t</p>