In the wake of a slew of weak data and with protectionism portrayed as the main impediment to global growth, investor focus will return to foreign trade this week as Chinese Vice Premier Liu He and an entourage of officials head to Washington to resume talks with their USA counterparts.
But with little sign the two sides have made progress in bridging the distance between them, speculation has mounted in recent months they may reach a deal which addresses only some of Washington's extensive grievances. "China trade talks", said Yamada.
The American side would be led by US Trade Representative Robert Lighthizer and Secretary of Treasury Steven Mnuchin.
Factory orders in Germany slipped more than expected in August, while confidence among eurozone investors fell to the lowest level in six years.
Trump is looking for a deal that addresses intellectual property theft, forced transfer of technology and the US trade deficit.
Tariffs on $250 billion worth of Chinese goods are scheduled to rise to 30% on October 15.
The two sides have been at loggerheads over US demands that China improve protections of American intellectual property, end cybertheft and the forced transfer of technology to Chinese firms, curb industrial subsidies and increase USA companies' access to largely closed Chinese markets.
"The president's view is there is no linkage between that and trade talks".
The costly and long-running trade war between the USA and China remains a key source of uncertainty for markets, which have been volatile in response to the ups and downs in the conflict.
RTHK: N Korea confirms missile was sacked from submarine
Moreover, submarine-launched missile trajectories could pose problems for missile defenses in both South Korea and Japan. The North Korean government issued a photo of what it said was an underwater-launched ballistic missile.
Recently, Chinese importers have been ramping up their soybean purchases from the US.
Investors will soon turn their focus to third-quarter earnings, which begin next week with USA banks reporting, and many hope to see more clarity on the impact of the trade war on corporate America.
But Kudlow said on Monday that delisting Chinese firms "is not on the table", though the White House had formed a "study group" to examine investment issues.
"We are open to a number of ideas, some may be short term, some may be long term", Kudlow told reporters outside the White House on Monday.
The possible hardening position from Chinese negotiators comes as news reports surfaced last week that Trump seemingly offered in a phone conversation with Xi Jingping earlier this year to refrain from criticizing any crackdown of Hong Kong if the Chinese government investigated Trump's political rivals.
Navarro told National Public Radio that Trump wants a big deal with China - or no deal at all. Investor focus will be on Chinese markets, which reopen after a weeklong holiday, as well as those in Hong Kong after escalating violence in the city.
Another complicating factor is US support for pro-democracy protests in Hong Kong.
The modest increase in U.S.jobs has eased some of these concerns, but traders warn that downside risks loom large on the horizon.