US Markets React with Losses to Weak Job Data - Rate Cut Speculations Rise - Software Industry and Young Workers Feel Effects of AI Adoption - DAX Slides into Negative - Hope for Steel Summit Boosts Thyssenkrupp and Salzgitter - Broadcom Impresses with Strong AI Business and New Billion-Dollar Order - Samsara Thrives with Strong Demand for AI-Driven Platform Solutions - Braze Significantly Raises Forecast
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Labor Market Cooldown Intensifies Rate Cut Speculations - US Markets Decline Following Weak Job Data The latest labor market statistics from the United States triggered a significant market reaction on Friday, interpreting weak employment figures paradoxically as positive signals for rate cuts. The labor market report for August shows a slowdown with only 22,000 new jobs created, while corrections to the previous month’s data total a downward revision of 21,000 jobs. The unemployment rate rose to 4.3%, the highest level since the end of 2021....
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