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Stocks close lower as slowing labor market boosts rate cut hopes but fans economic fears: Live updates​

Stocks closed lower on Friday after a weaker-than-expected U.S. jobs report gave way to worries about a slowing U.S. economy, even as expectations for a Federal Reserve rate cut were solidified.

The S&P 500 finished the day down 0.32% at 6,481.50, while the Nasdaq Composite declined 0.03% to settle at 21,700.39. The Dow Jones Industrial Average closed down 220.43 points, or 0.48%, at 45,400.86.

All three leading indexes had reached fresh record intraday highs earlier in the session. At their peaks, the broad market index, the tech-heavy Nasdaq and the blue-chip Dow were up about 0.5%, 0.8% and 0.3%, respectively.

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John Deere, a U.S. Icon, Is Undermined by Tariffs and Struggling Farmers​

Josh Enlow buys and sells used tractors every day, filling a vast lot in Tulsa, Okla., with hundreds of agricultural and construction machines.
His customer base has shifted recently, as farmers and ranchers who would buy only new machines are now coming to his Enlow Tractor Auction interested in his secondhand equipment.
“The increases in new pricing has definitely driven people back to the used market,” Mr. Enlow said.
The list price for new tractors rose at least 60 percent over the last eight years, according to the University of Illinois Extension, with some models more than doubling in price, costing at least $250,000 more than they used to.

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Global week ahead: Volatile bonds, a confidence crunch and the ECB meets​

  • Volatility in the bond market is expected to continue into next week.
  • A confidence vote in the French government, called by Prime Minister Francois Bayrou, will take place on Monday.
  • The European Central Bank is expected to keep rates unchanged at its policy meeting on Thursday
Two types of story dominated the chatter in the newsroom this week.

The watercooler favourite? The antics of high-profile CEOs, with the departure of Nestle’s boss over an undisclosed affair with a subordinate and the resignation of Suntory’s CEO over the possible purchase of illegal substances both causing a stir in the London and Singapore newsrooms.

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Take Five: Winds of Change​

Sept 5 (Reuters) - The prospect of a change in leadership and policy making at the U.S. Federal Reserve, in France and in Norway will keep markets on alert, while the European Central Bank meets and investors brace for key economic data from the U.S., China and Japan.

Here's your week ahead in global markets by Alden Bentley in New York, Rocky Swift in Tokyo, Yoruk Bahceli, Dhara Ranasinghe and Karin Strohecker in London.

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European / Global

Morning Bid: From one political kerfuffle to another​

A look at the day ahead in European and global markets from Ankur Banerjee:

Investors will get more political drama as France is all but certain to start looking for its fifth prime minister in three years, plunging the euro zone's second-biggest economy into turmoil.

Francois Bayrou faces a confidence vote on Monday, which he is expected to lose. While much of the crisis may already be priced in, a slate of debt rating reviews starting this week will be a litmus test for France and investors' appetite for the country's assets.

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https://www.msn.com/en-ca/money/top...uffle-to-another/ar-AA1M5lIg?ocid=socialshare
 
I don't follow this thread for the most part, so apologies if this has already been posted:



New shipping route connecting Asia and Europe through Russian waters is apparently shorter (faster, cheaper) than crossing Pacific, but requires Russian approval, so Europe needs to balance that in their geopolitical calculus.
 
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