China’s economy has been the epicenter of recent market turmoil with concerns about the outlook feeding growing negative sentiment across global asset markets. Imports and exports managed to rebound modestly on an annualized basis, but remain firmly in contractionary territory as the impact of policy changes is felt in the export dependent economy. Upcoming data on GDP is likely to confirm the deceleration in Chinese growth which has fallen to the slowest pace in nearly 25 years. Global equities capped off one of their worst weeks in recent memory with the Nasdaq Composite hitting the lowest level in 14-months as concerns about valuations grow. Outside indices, crude oil remained a major source of volatility in financial markets, with both the Brent and West Texas Intermediate benchmarks closing below $30 per barrel for the first time since 2003 amid rapidly vanishing storage space. In other news, the Bank of England announced no changes to interest rate policy, leaving the key rate on hold at 0.50% while the Pound continues to tumble versus peers, with GBPUSD falling to the lowest since 2010.