Stocks mostly fell on Monday.
The S&P 500 fell 0.2 percent, the STOXX Europe 600 fell 0.4 percent and the Nikkei 225 fell 0.5 percent.
However, the Shanghai Composite Index rose 0.6 percent even as banking analyst Charlene Chu of Autonomous Research warned about China's debt problem.
Chu said that "China is nowhere close to deleveraging" as it is "still adding 10 to 20 percentage points to the ratio of credit to GDP every year".
Chu also said that despite government rhetoric, action to manage the debt problem has been limited because "the idea that China needs a massive bailout in the trillions of U.S. dollars isn’t something I think the authorities are on board with or accept yet".