"Whether it's this year or next year, the odds of another economic downturn are high — and growing," Warren says.Politicsread more
The agreement between the White House and congressional Democrats would raise the debt ceiling for two years and permanently end the sequester.Politicsread more
The Iranian Intelligence Ministry held a briefing on Monday where they announced the alleged spies were Iranian citizens but trained by the CIA.World Newsread more
A group of gold miners stocks "BAANG" are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
Microsoft and OpenAI announced a new partnership to build artificial general intelligence to tackle more complex tasks than current AI.Technologyread more
Two traders say Boeing's on the path to recovery.Trading Nationread more
Documents leaked to The Washington Post revealed that Huawei secretly worked with the North Korean government on its wireless network.Technologyread more
Equifax will pay at least $575 million, and potentially as much as $700 million, to settle allegations over its massive over 2017 data breach, U.S. regulators said in a...Technologyread more
CNBC's Mike Santoli breaks down the aggressive buying of "sure things" and shunning of cyclical and policy risk.Trading Nationread more
Facebook has seen an increase in the median number of comments, likes and ads clicked by users on the service from January to July, according to Audience Insights, a Facebook...Technologyread more
For investors hoping rate cuts would push the market higher, Goldman Sachs said stocks can't really go anywhere from here.Marketsread more
* Asian stock markets: https://tmsnrt.rs/2zpUAr4
* Asia ex-Japan subdued, Australian shares, Nikkei slips
* Strong U.S. payrolls temper Fed rate cut expectations
* Turkish lira near 2-week lows on c.bank independence worries
SYDNEY, July 8 (Reuters) - Asian shares slipped on Monday as investors wagered on a less aggressive policy easing in the United States, while the Turkish lira held near two-week lows after the country's president dismissed its central bank governor over the weekend.
Global equities have generally been bolstered by expectations that central banks will keep interest rates at or near record lows to boost economic growth.
Those expectations were tempered by a U.S. labor report that showed nonfarm payrolls jumped 224,000 in June, beating forecasts for 160,000, in a sign the world's largest economy still had fire.
Asian shares tracked Wall Street, which fell from record highs on Friday.
MSCI's broadest index of Asia-Pacific shares outside Japan stumbled 0.3%, with South Korea's KOSPI off 1% and Australian shares down 0.4%.
Japan's Nikkei faltered 0.6%.
"The June payrolls number threw a spanner in the works for those participants looking for a 50 basis point cut to the federal funds rate at the upcoming FOMC meeting," ANZ analysts wrote to clients in a note.
"This was the strongest non-farm payrolls print since January this year and suggests the U.S. economy still has firm footing," they added.
"The figures also suggest that the market's pricing for a need for 'quick-fire' cuts to policy may need to be reassessed."
In reaction to the data, U.S. Treasuries sold off, sending yields on two-year notes about 10 basis points higher.
Expectations for a Fed rate cut also narrowed with the market now pricing a 27 basis points easing this month, from 33 basis points prior to payrolls.
Fed Chairman Jerome Powell is expected to provide further cues on the near-term outlook for monetary policy this week at his semi-annual testimony to the U.S. Congress on the economy.
The Fed in its semi-annual report to Congress on Friday repeated its pledge to "act as appropriate" to sustain economic growth.
CURRENCIES AND GEOPOLITICS
In currency markets, action was in the Turkish lira which weakened to 5.8245 per dollar, the lowest since June 25 after Turkey's central bank governor Murat Cetinkaya, whose four-year term was due to run until 2020, was replaced by his deputy Murat Uysal.
President Tayyip Erdogan sacked Cetinkaya for refusing the government's repeated demands for rate cuts, raising questions about central bank independence.
The lira pared some of its losses to last hold near 5.7401.
The dollar index, which measures the greenback against a basket of major currencies, eased from a 2-1/2 week top of 97.443 to last quote at 97.251.
The euro was flat at $1.1226, not far from a 2-1/2-week low of $1.1205 touched on Friday.
The Australian dollar, which has been on an uptrend since June 18, slipped below 70 U.S. cents to last trade at $0.6974.
Geopolitics may be in focus this week following news on Sunday that Iran will boost its uranium enrichment, in breach of a cap set by a landmark 2015 nuclear deal.
"So far U.S.-Iran tensions have not had a material impact on markets, but if tensions escalate it could be a different story," said National Australia Bank strategist Rodrigo Catril.
The latest news on the China-U.S. trade talks failed to make an impression on markets.
White House Economic advisor Larry Kudlow confirmed top representatives from the United States and China will meet in the coming week to continue trade talks.
"Whether the negotiators can find a solution to the difficult structural issues that remain between the two sides is another matter, and Kudlow cautioned there was 'no timeline' to reach an agreement," NAB's Catril said.
In commodity markets, oil prices rose with Brent crude futures, the international benchmark for oil prices, up 9 cents at $64.32 per barrel while U.S. crude added 8 cents to $57.59.
Spot gold fell 0.2% to $1,397.03 an ounce.
(Editing by Darren Schuettler)