Markets afternoon briefing

View an online version of this email here.  All times are London time: Tuesday Jan 20 2009 FT.com - Financial Markets News US banks under heavy selling pressure Jan 20 2009 15:35 US banks came under more heavy selling pressure, pushing the wider market lower in spite of cautious optimism over the inauguration of Barack Obama Read more » Sterling tumbles on bank bail-out Jan 20 2009 10:15 Sterling plummeted against the dollar and hit a record low against the yen as investors resumed their flight from the UK currency in the wake of Monday's bank bail-out announcement from the government Read more » Lloyds falls heavily as sell-off intensifies Jan 20 2009 14:48 An attempted rally in London banking stocks faded on Tuesday, with much of the sector falling further after the previous session's dizzying sell-off. Read more » Oil slides while base metals buckle Jan 20 2009 11:01 European crude oil prices fell by more than $1 a barrel on rising hopes for a resolution to the dispute over gas supplies by between Russia and Ukraine while copper dropped sharply, leading a broad retreat across the base metals sector Read more » European banks fail to rally after rout Jan 20 2009 12:28 European bourses fell lower on Monday after continuing worries over the financial sector soon extinguished a brief morning rally by the continent's banks Read more » Bank shares lead Asian markets lower Jan 20 2009 10:16 Asia-Pacific shares dropped following sharp declines in Europe overnight over concerns about the state of the UK banking industry Read more » ABOUT THIS EMAIL You have received this email because you have signed up for this briefing on FT.com Manage subscriptions | Unsubscribe | Change your email address Change whether you receive this email as HTML or plain text | Forward this email to a friend Privacy policy | Advertise | Contact © Copyright The Financial Times Ltd 2009. "FT" and "Financial Times" are trademarks of the Financial Times. The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.