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Jobs report; Trouble in China; Deutsche Bank doubts

The unemployment rate ticked up slightly to 4%.
January was the 100th straight month of job gains. The government said there were "no discernible impacts" from the government shutdown on hiring and wages, but did contribute to the uptick in unemployment.
2. Trump's trade optimism: President Donald Trump was optimistic as another round of trade talks between the United States and China concluded on Thursday, saying a sweeping agreement was possible.
Still, Trump said he was prepared to enact new sanctions and increase existing ones if a deal isn't struck. And he suggested a handshake deal instead of a firmer agreement could extend negotiations beyond the month's end, though the White House later insisted March 1 was a "hard deadline."
Asked in the Oval Office, where he was meeting with China's top negotiator, whether a deal was possible, Trump said he wasn't sure.
"We have to get this put on paper at some point if we agree," the president said, the president said, adding that on some points, "we don't agree ... but I think we will agree."
3. Trouble in China: The latest purchasing managers index survey, conducted by media group Caixin and research firm Markit, dropped to 48.3 in January.
That's the lowest level for the closely watched index since February 2016. It coincides with weak manufacturing data for January throughout Asia, raising fears about a global economic slowdown.
"With the headwinds from cooling global growth and the lagged impact of slower credit growth set to intensify, China's economy is likely to weaken further over the coming months," said Shilan Shah, senior economist at Capital Economics.
4. Deutsche Bank doubts: Germany's biggest bank on Friday posted its first annual profit since 2014, but a weak performance in the fourth quarter raises questions over its strategy.
Deutsche Bank (DB) lost €409 million ($468 million) in the final three months of 2018. The bank said the losses were caused by challenging financial markets, especially for its fixed income trading division.
Shares in the lender were down 2% in Frankfurt.
Christian Sewing, the CEO of Deutsche Bank, is cutting costs and reducing the company's headcount as part of an overhaul. Still, analysts predict the bank could soon merge with another European lender.
5. Global market overview: US stock futures were mixed.
European markets opened in positive territory. Stocks in Asia were mixed.
The Dow closed down 0.1% on Thursday. The S&P 500 added 0.9% and the Nasdaq gained 1.4%.
6. Earnings and economics: Chevron (CVX), CIGNA (CI), Exxon Mobil (XOM), Honeywell (HON), Madison Square Garden (MSG) and Merck (MRK) will release earnings before the open.
7. Coming this week:
Friday — Jobs report; Exxon (XOM) and Chevron (CVX) report earnings

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