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It's a huge day for global markets as U.S. payrolls data for August are released, potentially setting the stage for a Fed rate hike this month. Meanwhile, Putin moves oil and the euro area continues its battle on two fronts: the Brexit vote and disinflation. Here are some of the things people in markets are talking about today.

Jobs day

The Bureau of Labor Statistics will publish U.S. payrolls data for August at 8:30 a.m. in New York, with economists surveyed by Bloomberg expecting the economy to have added 180,000 positions — in line with the monthly average for 2016 — while the unemployment rate is forecast to decline to a three-month low of 4.8 percent from 4.9 percent. Analysts expect the data will indicate U.S. hiring is settling into a more sustainable pace after strong advances in the previous two months. Last week, Federal Reserve officials reiterated the prospect of a rate hike at their September 20-21 meeting if data continues to show a buoyant labor market. Meanwhile, market participants say a payrolls figure below 170,000 would likely see bond yields...