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The world's largest oil fields service company Schlumberger reported better than expected Q4 earnings Friday. Revenues in all four reporting segments of Schlumberger fell. Strength came from digital solutions and multiclient seismic license sales.

ECB left rates unchanged as expected in January. The bank left deposit facility interest rates at -.50% and held steady rates on the main refinancing operations and on the marginal lending facility unchanged. Will maintain supportive measures "until it judges that the coronavirus crisis phase is over"

The Bank of Canada left the key lending rate at 0.25 percent on Wednesday as expected. BoC repeated it will hold interest rate at the effective lower bound until economic slack is absorbed, BoC repeats to buy more longer-dated bonds, with pace of QE to be gradually reduced to $4B week from $5B week

Morgan Stanley reported better than expected fourth quarter earnings before the bell Wednesday as a resurgence in investment banking dealmaking saw a 46 per cent surge in Q4 revenues versus a year earlier. $MS will resume $2bn in share repurchases back. The bank followed Bank of America, JPMorgan Chase, Wells FargoPNC FinancialGoldman Sachs and Citigroup reporting.

BHP continues to write down it's fossil fuel assets cutting up to $1.6 billion from the value of its Mt Arthur thermal coal mine in the Hunter Valley. BHP sold its U.S. shale assets to Britain's oil major BP for $10.5 billion in 2018 selling off "non-core and we are actively pursuing options to exit these assets for value".

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