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Markets Now – Friday 29th May 2020

Summary:
Markets Now and (Markets Live, its more technologically advanced predecessor) apply a longstanding policy to censor all of Donald Trump’s tweets because they’re rubbish. It’s therefore encouraging to see some newer social media platforms moving towards similar quality control policies using whatever justifications they have available. Over in markets, everything’s gone risk off. Narratives available include a deterioration in Sino-US relations, a deterioration in US-US relations, a running out of fuel for a rebound that was mostly short covering in cyclicals rather than actual open-the-economy optimism, or plain old end-of-month position squaring. Whatever the excuse it all boils down to this: Rolls-Royce has finally been junked. S&P goes down two notches, to BB from BBB- previously.

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Markets Now and (Markets Live, its more technologically advanced predecessor) apply a...

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FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

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