Moving news from all around the world. Delhi, newg to new jersey and washington come our bloomberg voices are on the ground todays top stories. In asia, you had the pboc lowering the rate it charges on shorterterm loans to lenders. Index added 150 billion yuan into the banking system. Joining us is tom mackenzie. Is this the start of an easing cycle, or a shortterm term liquidity crunch into the new year . Tom it seems like more of a shortterm liquidity crunch. We are looking ahead to january, what it looks like you will get a withdrawal of cash out of the Financial System here of about 450 billion. They take that liquidity out ahead of the chinese new year, which comes in towards the end of january. It does seem like it is more of a seasonal effect. More broadly in the economy, credit has been tightening. We saw today from the pboc was some gradual measures to try and address this queasy liquidity, and a couple of basis points and a sevenday reverse repo as well. About 28ly, you got b
Oil retreats from a fiveweek high. Manus a very warm welcome to bloomberg daybreak europe. It is in our headlines, Goldman Sachs capitulated and joined the fray. We putent bond yields, that handle on last week, we never held, Goldman Sachs down from 2. 8 . We have had a gorging on duration. Goldman sachs 10 year slashing. , 1. 9 , lets roll it over and have a look at the dollar. What do you get out of a true set of the g20 . What will that do to the dollar . . Ill trump pile on the rhetoric you are looking at dollaryen at the bottom of your screen. There is a little reprieve in that market. I have no idea what this is. Nejra bitcoin, you know it. Manus i have never seen it written like that. I learned something new. 13,000, a shock from the producer. I have to talk a little bit about the markets i am looking at. You have u. S. Futures pointing few days of a declines. We have risk on edging into the trade truce. We are seeing wti come off of the fiveweek high. Tensionsse trade weighing
The Junior League of Northwest Arkansas held its 11th annual Moonlight Masquerade benefit Feb. 3 at Heroncrest in Springdale. Proceeds from the evening support the league s mission of "promoting voluntarism, developing the potential of women and improving our community through the action and leadership of our trained volunteers."