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Chris Kushlis of T. Rowe Price says a 60% U.S. duty on imports from China would not be easily offset through currency depreciation

Concept of financial data and stock market trading

Credit conditions improve, but geopolitics, U.S. election, China cloud outlook

China

Expansion pegged at an annualized rate of 4.6% -- below 5% goal

Oil barrels

Easing interest rates, coupled with rising geopolitical risk, boost outlook

Green globe

Emerging market emissions rise, offsetting advanced economy improvements

China flag

But the piecemeal nature of the plans appeared to disappoint investors

Elephant donkey

Jack Manley of J.P. Morgan Asset Management says no matter who wins the U.S. election, tariffs are likely to continue

Elephant donkey

Jack Manley of J.P. Morgan Asset Management says no matter who wins the U.S. election, tariffs are likely to continue

Using a cell phone for finance

Fund flows seen slowing in months ahead as rates ease

China

A National Bureau of Statistics survey marked a fifth straight month of contraction