China’s trade balance grew more than expected in August as the country’s export industries shrugged off pressure from trade restrictions imposed by the U.S. and its allies. 

Asian share markets slid on Monday after worries about a possible U.S. economic downturn slugged Wall Street, though U.S. stock futures did rally from an early dip and bond yields came off their lows.

Oil futures jumped by a dollar in early trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker-than-expected U.S. jobs data on Friday.

The dollar held to tight ranges on Monday while the yen pared its safe-haven gains, as investors were undecided on the scale of a Federal Reserve rate cut expected later this month and looked to this week's U.S. inflation reading for more clues.

Asian shares clung to tight ranges and the dollar nursed losses on Friday, with investors on tenterhooks ahead of U.S. jobs data that could decide the size and speed of coming rate cuts in the world's largest economy.

Britain needs an additional one trillion pounds ($1.3 trillion) in investment in the next decade to grow the economy, a report said on Friday.