China trade stumbles raising global growth uncertainty

Let's hope that China's Central Bank (PboC) has its own Mario Draghi  to do "whatever it takes" to bolster its weakening economy. Chinese imports fell 20.4 percent in September on a year over year basis while its exports fell -3.4 percent. This marks two consecutive months of negative growth for imports and exports calling into question China's 7 percent growth target.

At some point, excessive interference with markets by Central Banks becomes counterproductive actually preventing the structural reforms that would encourage policies that would produce sustainable growth.

"Meanwhile, in the U.S. the consumer will be watched closely as the most prominent bright spot in the economy as industrial production and regional manufacturing reports are expected to be negative later this week", says Voya Global.