A tense start to what's likely to be a tense week for traders.
Monday morning saw most European indices..down at least 0.6 percent..
Spurred by a slowdown in trade data from China...imports fell 7.6 percent year-on-year in December...And exports dropped 4.4.
Figures that fuel fears that U.S. tariffs on goods from Beijing are starting to hit China's cooling economy.
"In 2019, the biggest hidden worry for China's foreign trade is still the a complex and grim external environment."
Some analysts believe the data will spur China into finding a trade resolution with the U.S.
but so far there's no sign of an end to the stalemate.
In the UK another stalemate of sorts is threatening more market turbulence.
UK Prime Minister Theresa May is still pushing ahead with her Brexit withdrawal deal...
Being voted on in parliament on Tuesday. Despite the likelihood it won't pass MPs.
The alternative - she's warned - is no Brexit...or Britain crashing out of the EU in March.
"It would mean the near collapse of the import and export business between Great Britain and the continent. Especially the German industry has a lot to lose because tariffs will massively damage the movement of goods."
Sterling - the biggest victim since the 2016 referendum for Britain to leave the EU - has, say some, been priced
into markets though..Meaning if the vote is lost - as expected, it may not move much.
However there are reports THAT could trigger a vote of no confidence in May - the second in just two months..
Last time that happened it pushed the currency to a 20-month low.