Markets afternoon briefing

View an online version of this email here.  All times are London time: Monday Feb 23 2009 FT.com - Financial Markets News Wall Street opens higher on Citigroup hopes Feb 23 2009 15:09 US financial stocks recovered some of the previous week's heavy losses as hopes mounted that the US government would take decisive action to stabilise the financial system without nationalisationising key institutions outright Read more » Banking stock rally boosts pound Feb 23 2009 12:29 The pound advanced on Monday as financial stocks rallied on reports that the US government was set to take a stake in Citigroup, the US bank. Read more » Gold sinks below $1,000 but oil rebounds Feb 23 2009 12:54 Gold fell after surging above the key $1,000 a troy ounce mark on Friday while oil prices rose and base metals made modest gains as fears over the heath of the US banking system subsided. Read more » FTSE recovers poise as banks rebound Feb 23 2009 14:42 London equities bounced back, with financial stocks in strong demand as traders bet the heavy selling of the previous session left the sector undervalued Read more » European shares edge higher on Citi news Feb 23 2009 10:29 Europe's banks bounced on Monday as jittery nerves were soothed by reports the US government was set to take a stake in Citigroup, but activity levels remained thin Read more » Japan shares fall while rest of Asia rises Feb 23 2009 09:51 Japanese lenders were under severe pressure in Tokyo following the failure of SFCG, dragging a sub-index of the sector to a record low Read more » Dubai markets jump on news of loan Feb 23 2009 07:38 Dubai markets have jumped higher in early trade on the news that the United Arab Emirates will lend the emirate at least $10bn in a bailout aiming to restore confidence and rescue the struggling economy 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.