Markets pm: Wall Street lower on unemployment report, S&P downgr...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/9ULF66/BBCNN/JV2EZP/0OK4J/   Markets afternoon briefing Thursday May 21 2009 FT.com - Financial Markets News   Wall Street lower on unemployment report Wall Street stocks looked set for a third straight day of losses after falling on Thursday morning as investors digested the Federal Reserve's lower growth predictions and worried about the implications of a downgrade to the outlook on the UK's debt http://link.ft.com/r/9ULF66/BBX4W/0OK4J/ALQSB/RXS9H/UP/h   S&P downgrades UK outlook Sterling tumbled as the outlook for the UK economy was thrown into doubt when the government's credit ratings were revised from stable to negative by Standard & Poor's over worries about the build-up of government debt http://link.ft.com/r/9ULF66/BBX4W/0OK4J/ALQSB/G05MN/UP/h   FTSE lower after S&P move London equities remained sharply lower on Thursday, after credit ratings agency S&P cut its outlook on the UK to "negative" from "stable", while a weaker Wall Street added to the gloom http://link.ft.com/r/9ULF66/BBX4W/0OK4J/ALQSB/3NBHA/UP/h   Pound slumps after S&P outlook cut The pound dropped sharply after Standard & Poor's cut the outlook for the UK from 'negative' to 'stable' http://link.ft.com/r/9ULF66/BBX4W/0OK4J/ALQSB/1RTL2/UP/h   Europe's bourses mull UK outlook downgrade News of Standard & Poor's move to cut its outlook on the United Kingdom had repercussions across the region, while many markets were closed for a national holiday http://link.ft.com/r/9ULF66/BBX4W/0OK4J/ALQSB/TDRJO/UP/h   Copper drops as commodities stage correction Copper prices dropped while crude oil prices fell by more than $1 as commodity markets staged a correction after the US Federal Reserve cut its economic growth forecasts for the next three years http://link.ft.com/r/9ULF66/BBX4W/0OK4J/ALQSB/ZS1UA/UP/h   Asia retreats on gloomy US outlook The dollar hit its lowest in two months against the yen while regional indices fell after the Federal Reserve trimmed its growth outlook for the next three years http://link.ft.com/r/9ULF66/BBX4W/0OK4J/ALQSB/1RTLC/UP/h   FT.com - In depth MPs' expenses Indian general election Swine flu European elections 2009 WEF on the Middle East Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds © THE FINANCIAL TIMES LTD 2009 ABOUT THIS EMAIL You have received this email because you have signed up for this keyword/company alert on FT.com Change Briefings  •   Unsubscribe  •  Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help 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.