Good morning from the Financial Times. Today is Wednesday, May 27th, and this is your

FT news briefing. As lockdown's ease, investors are eyeing recovery, but what should we make of some of the other economic concerns on the horizon?

Plus, investment-grade companies have taken advantage of low yields to raise an eye-catching amount of debt in the first five months of this year.

And Elon Musk's SpaceX plans to send two NASA astronauts into space today.

The F.T.'s West Coast editor, editor Richard Waters will explain what this means for

commercial ambitions and the final frontier. I'm Mark Filipino and here's the news

you need to start your day. Yesterday the New York Stock Exchange trading floor partially opened up for the first time in two months.

New York State Governor Andrew Cuomo rang the opening bell

while wearing a mask.

Roughly 100 traders, around a quarter of the usual amount, were assigned desks behind

plexiglass screens. The reopening at the icy was one thing, but the sense that similar efforts were happening in workplaces

and shops elsewhere in the world lifted global stocks yesterday.

The F.T. Philip Stafford explains what investors have been paying attention to, even in the face of some other looming economic threats.

Right now in Marcus, there are several things that are really going around.

There's a sense that first of all we are potentially through the worst of it,

not on the way up, but it certainly isn't going to get an awful lot worse than it was in March and April

and that perhaps as economies begin to ease the lockdown very gently, that therefore

means that this quarter will be better than the last quarter and the next quarter will

be better again.

That said, this is still very early days and in all likelihood if you're

going to actually see a return of the virus, that's still some weeks ahead. Furthermore,

Emm this is also the nature of markets to look six or nine months into the future.

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