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Mixed stocks...Awaiting jobs report...Positive economic news for Germany

October 6, 2017

TOKYO (AP) — Global shares are mixed, with European markets wavering under political concerns such as the crisis sparked by the Catalan independence vote in Spain. Investors are awaiting U.S. jobs data later today. Futures point to a lower opening on Wall Street. The dollar rose against the yen and the euro. Benchmark U.S. crude oil slipped but remains above $50.50 per barrel.

WASHINGTON (AP) — The September jobs report the government will release this morning will probably show a sharp drop in hiring compared with August because of Hurricanes Harvey and Irma. Economists have forecast that employers added just 80,000 jobs last month, barely half the 156,000 they added in Augus. According to data provider FactSet a hiring rebound is expected for October or November as many businesses reopen.

BERLIN (AP) — German factory orders rose sharply in August, driven by both foreign and domestic demand, in a strong sign for the country’s industrial activity. The Economy Ministry reports that industrial orders rose 3.6 percent in August over the previous month, following a 0.4 percent drop in July. Domestic orders rose 2.7 percent while foreign orders grew 4.3 percent, powered by a 7.7 percent increase in orders from non-eurozone countries. Orders from within the eurozone fell 1 percent.

PARIS (AP) — French carmaker Renault said Friday that half of its models will be electric or hybrid by 2022 and it’s investing heavily in “robo-vehicles” with increasing degrees of autonomy. A strategic plan released Friday aims to boost Renault annual revenues to 70 billion euros ($82.2 billion) by 2022 from 51 billion euros last year, in part through an effort to double sales outside its traditional markets in Europe — especially Russia and China.

UNDATED (AP) — U.S. Customs and Border Protection says it is ready to block U.S. imports of seafood — as well as any other goods — produced by North Korean laborers who work in China. An Associated Press investigation tracked salmon, squid and cod processed by North Koreans working at Chinese factories and shipped to American stores, including Walmart and ALDI. The North Korean workers found in Chinese factories aren’t allowed to leave, and receive only a fraction of their pay — most goes straight to the North Korean state.

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