Archives of “May 28, 2020” day

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North Korea says it is able to immediately launch a nuclear attack

  
Analysis, Politics
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A piece in Korean media, Dong A Libo, reporting that North Korea had described plans to “put strategic armed forces on a high alert operation”

“It means that North Korea is able to immediately launch a nuclear attack anywhere in Northeast Asia, stressing that it owns leadership for nuclear deterrent,” said Ryu Sung-yeob, a senior researcher at the Korea Research Institute for Military Affairs.
That does not sound too encouraging.
A piece in Korean media, Dong A Libo, reporting that North Korea had described plans to "put strategic armed forces on a high alert operation"

Grim update: US Coronavirus deaths are now above 100,000

  
  Analysis
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The number comes from Johns Hopkins University, other sources have reached the total sooner.

The only certainty is that official totals understate the extent of the pandemic deaths.
The death toll will, of course, rise further, and the outbreak is accelerating still in South America, Africa.
A couple of months ago the White House gave projections, we’ve hit the lower band of those now:
The number comes from Johns Hopkins University, other sources have reached the total sooner.

On the politics front today – China expected to pass Hong Kong law

  
  Analysis
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Its expected that the national security law will pass China’s National People’s Congress (NPC) parliament Thursday 28 May 2020.

This (in very brief) law imposes a new national security law in Hong Kong, bypassing the city’s legislature, with stricter measures on sedition, secession and subversion against Beijing. The new law allows mainland Chinese national security agencies to operate in HK.
I’ve been saying on this law that the NPC passing it is basically a done deal, the annual parliament sits to rubber stamp drafts. To that extent its passing is an event factored into the market already.

Private survey data shows a surprise large build in headline crude oil inventory

  
Analysis, Crude

This inventory report is released to subscribers and hit’s media in the moments following.

  • Official US govmt survey data is due tomorrow morning US time.
  • Both are a day alter than usual due to the US holiday on Monday (May 25).
Oil price dipping on the data release to a fresh low ion the session. A draw was expected, for the 3rd week in a row. Nope.
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