Economic data, Fed, RBNZ & BOJ speakers also, due from Asia today
#IronOre investory in 45 Chinese ports continued to rise, up 1.49m tonnes to 139.42m last week, 10th consecutive week above 130m (Mysteel)
#Shanghai Composite plunging near 1%
NOBLE GROUP SHARES EXTEND DROP TO LOWEST SINCE 2000
Updated--> Moody's downgrades China, changes outlook http://news.forexlive.com/!/moodys-downgrades-china-20170524 …
Moody's Downgrades China's Rating To A1 From Aa3 And Changes Outlook To Stable From Negative
Moody's On China: Rating Reflects Expectation That China's Financial Strength Will Erode Somewhat Over The Coming Years
Offshore yuan weakens after downgrade from Moody's
And there goes Aussie...
Philippine President Duterte declares martial law in the country's south and we may just have seen the initial reaction in markets. USD-PHP
More corruption uprooted in China...
#China saw a slowdown in rail freight volume growth in Apr, up 15.3% y/y, vs 17.3% growth in Mar and 19.4% in Feb
Japan Reuters Tankan Index May: 24 (prev 26)
China Banks Should Prevent Liquidity Risks – Information Daily
New Zealand Exports (NZD) Apr: 4.75B (prev 4.65B) -Imports (NZD) Apr: 4.17B (prev 4.31B)
New Zealand Trade Balance (MoM) (NZD) Apr: 578M (prev 332M) -Trade Balance (YoY) (NZD) Apr: -3.481B (prev -3.67B)
Update --> Link to full text of Fed's Harker's speech added. http://news.forexlive.com/!/feds-harker-usd-monetary-policy-and-economic-outlook-20170523 … and direct: https://philadelphiafed.org/newsroom/press-releases/2017/052317 …
New Zealand: Fonterra raise 2016/17 milk price forecast 15 cents to $6.15/kg (NZD)
US stocks end the day with modest gains
ForexLive Americas FX news wrap: Dollar catches a bid
Gold hits the target in $8 slide
OIL - private inventory data shows smaller than expected draw for US crude stocks
UK In Focus....
Bombing suspect reportedly of Libyan descent and returned from Libya three weeks ago, says @thetimes
Breaking: PM also announces Operation Temperer has been enacted - allowing police to call on immediate help of 5,000 troops.
Troops are to be deployed on UK streets under Op Tempora contingency plans - PM describes this as sensible and proportional response
Sources confirm no national or local campaign for tories tmrw - other parties likely to follow suit
#Breaking It is possible that a "wider group of individuals" is responsible for the Manchester explosion, Prime Minister Theresa May says.
UK PM May: Change In Threat Level Means Further Attack May Be Imminent
UK PM May: On Basis Of Today's Investigation Threat Level Will Be Increased From Severe To Critical
Manchester bomber is from Al-Abedi family. This is one of the the biggest tribes in East Libya. @akhbar
Asked how long election campaign would be suspended, PM's spokesman points out it is "until further notice".
This appears to be the most recent statement from G M Police...fwiw.
Informative thread of 3 this morning from Rita re : ISIS claim of responsibility for Manchester.
Thread on Manchester to consider...
As mentioned previously , theories on causation likely to change as facts are gathered during an investigation.
A 23-year-old man has been arrested in South Manchester in connection with the Manchester bomb attack, Greater Manchester Police said.
Coalition feeling the heat after failing to secure funds, debt relief http://dlvr.it/PD6Gll
PPC gets shareholder approval for grid spin-off http://dlvr.it/PD6Gwd
Aegean Air sees losses grow http://dlvr.it/PD6H4N
Handelsblatt Reporting That German FinMin Schaeuble & IMF Have Reached A Compromise On Greece
Tzanakopoulos says confident Greece will get 'clear' deal in June http://dlvr.it/PCyT4n
Greek government goes full circle with info that it did not accept an agreement offered as it was not specific enough for IMF to participate
BRUSSELS - GERMANY'S SCHAEUBLE SAYS IMF PROVED TO BE DIFFICULT IN NEGOTIATIONS
BRUSSELS - GERMANY'S SCHAEUBLE SAYS IF EVERYTHING GOES WELL, WE WILL GET A DEAL IN THREE WEEKS
Tomorrow's @canardenchaine will report on an alleged property scandal involving the secretary-general of Macron's party.
Germany marches ahead: Business Confidence keeps rising (Ifo index now at record high) in tandem w/ benchmark index Dax (near record).
After Brexit, EU plans 'offer you cannot refuse' to expand euro zone: Moscovici http://reut.rs/2rwQSZm
*PROSECUTORS:11 PROPERTIES RAIDED ACROSS GERMANY IN DAIMLER CASE
*DAIMLER RAIDS CONDUCTED BY 23 PROSECUTORS, 230 POLICE OFFICERS
Italian Tsy Official Pagani: Close To Deal With EU On Monte Paschi - RTRS
Italian Tsy Official Pagani: Expects Deal Within A ‘Matter Of Days’, Securitization Deal Being Finalised - RTRS
Spanish King and Queen, Deputy PM, Catalan First Minister hold minute of silence in Barcelona after Manchester Arena attack. Via @CasaReal
LATEST: Podemos motion of no confidence in Mariano Rajoy to be debated on June 13.
EDITORIAL: The Rebirth Of Pedro Sánchez & The Risk For Rajoy
Here are the 66 programs eliminated in Trump's budget http://hill.cm/qOiUdeU
Senate healthcare bill focused on killing ObamaCare Medicaid expansion http://hill.cm/UHbH7xj
Trump called Kim Jong Un “a madman with nuclear weapons”: report http://hill.cm/HRDOjYG
Senate Intel committee issues subpoenas to businesses associated with Michael Flynn http://hill.cm/DPMEw0B
Trump seeks $1.5 billion for cybersecurity program in budget proposal http://hill.cm/cG2KXc5
Fwiw-action by US against N.K could come sooner , rather than later-George Friedman -Chairman of Geopolitical Futures , previously Stratfor.
Statement from AFRICA Commander regarding PM Serraj meeting.
Brennan from today's Hearing..
BRENNAN: "I encountered ... intelligence that revealed contacts ... between Russian officials and US persons involved in the Trump campaign"
Gowdy: Did evidence exist of collusion between Trump and Russia. Fmr DCIA Brennan: I don't know if such collusion existed
Allegation of pushback on Russia story request made by POTUS , which also was allegedly declined.
McCain: Trump's budget is "dead on arrival" in the Senate http://hill.cm/uEHN3f3
Trump budget: DHS +7% VA +6% Def +5% DOJ -4% Ener -6% Int -11% HUD -13% Trans -13% Ed -14% HHS -16% Labor -20% Ag -21% State -29% EPA -31%
All civilized nations must join together to protect human life and the sacred right of our citizens to live in safety and in peace.
Sen Warner says the Intel Cmte will soon be announcing 'interim steps' in regards to Gen Flynn saying he will not comply w/ their subpoena
Trump said to May looks forward to meeting this week and discussing ways both countries can work w allies around world to defeat terrorism
Trump-May agreed that "attack, which targeted teenage children and their friends at a joyous event, was particularly wanton and depraved"
#BREAKING Martial law in southern Philippines could last a year: Duterte
JUST IN: #PresidentDuterte to cut short his trip to Russia due to Marawi situation. SFA Cayetano to stay behind to sign deals.
READ: Statement of Vice President Leni Robredo on Marawi clash #PrayForMarawi
Extended CNN Philippines report on the ISIS incident in #Marawi. Looks the most serious ever seen in East Asia https://www.facebook.com/CNNPhilippines/videos/1933243386915551/ …
Odds & Ends....
BREAKING: Qatar's official news agency website hacked and pro-Iran and pro-Hezbollah messages posted
Qatar State News Agency allegedly hacked by unknown entity...
LNA continues Fezzan push - https://www.libyaherald.com/2017/05/23/lna-continues-fezzan-push/ …
Manchester-born bomber of Libyan parents named as Salman Abedi - https://www.libyaherald.com/2017/05/23/manchester-born-bomber-of-libyan-parents-named-as-salman-abedi/ …
More evidence has been found linking North Korea to the global cyberattack earlier this month.
CorrectionUnidentified North Korean projectile flies across the border with South Korea, according to South Korean military
Object was a drone #NorthKorea border
South Korea fire shots into #NorthKorea
BRAZIL FEDERAL POLICE CONFIRMS ORDER TO ARREST TEMER'S AIDE
Brazil Carwash Prosecutors Press Charges Against Lula: BBG
#Italy Deploys Hundreds of Troops to #MosulDam - #BasNews http://www.basnews.com/index.php/en/news/world/352560 …