Markets afternoon briefing

View an online version of this email here.  All times are London time: Friday Feb 27 2009 FT.com - Financial Markets News Wall Street anxious after Citi deal Feb 27 2009 13:52 US stocks were set for sharp falls led by the banking sector after details were announced of a government plan to convert its preferred shares in the banking giant Citigroup and take its overall stake to 36 per cent Read more » FTSE tumbles amid global sell-off Feb 27 2009 14:39 London equities fell as fears about the health of the global financial system intensifted. Lloyds Banking Group unveiled the extent of losses at HBOS but failed to give details on the extent to which it would need to use the government's asset protection scheme. Read more » European shares fall on Citigroup news Feb 27 2009 15:21 European shares fell sharply on news the US government would take a large stake in Citigroup Read more » Oil slips while gold consolidates Feb 27 2009 11:55 Oil prices slipped while gold consolidated below the $950 level and base metals staged a broad retreat amid elevated levels and risk aversion and ongoing concerns about the outlook for the global economy Read more » Swedish krona hits record low against euro Feb 27 2009 11:12 The Swedish krona dropped to a fresh record low against the euro on Friday as figures showed the Swedish economy put in its worst performance since 1940 in the fourth quarter. Read more » Japanese shares benefit from weaker yen Feb 27 2009 09:53 Japanese shares rose 1.5 per cent as businesses anticipated higher production next month and exporters benefited from the yen's decline this week Read more » Global crisis hits Swedish economy hard Feb 27 2009 12:01 Sweden is in the middle of a much more serious recession than previously thought, according to official figures for the fourth quarter of last year which reveal the economy contracted by nearly 10 per cent on an annualised basis Read more » Indonesia sells $3bn in debt at discount Feb 27 2009 06:38 Indonesia sold $3bn worth of debt at a discount in a dual-tranche transaction in an expansion of its fundraising efforts to plug a budget deficit 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.