Markets afternoon briefing

View an online version of this email here.  All times are London time: Friday Jan 23 2009 FT.com - Financial Markets News Fears over financials continue to grip Wall Street Jan 23 2009 15:42 US stocks were set to extend the previous session's losses as concerns persisted that key financial institutions need more capital Read more » Pound tumbles to new lows Jan 23 2009 10:25 The pound tumbled to a fresh 23-year low against the dollar on Friday after data showed the UK economy fell into recession in the fourth quarter. Read more » Insurers fall on fresh writedown fears Jan 23 2009 13:10 European insurers fell on Friday due to fresh worries over their exposure to hybrid debt issued by banks and the looming prospect of significant writedowns Read more » FTSE falls further as recession bites Jan 23 2009 15:02 London equities continued to fall on Friday as economic data confirmed the UK is in recession, its first since 1991. Read more » Falling demand hits base metal and oil prices Jan 23 2009 11:29 Oil prices slipped lower and base metals were weaker across the board, as ballooning stockpiles of both commodities laid bare the ongoing dearth in demand due to the global downturn 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.