London (CNN Business) 1. China's economy: China's economic growth slumped to its lowest level in nearly three decades as the world's second largest economy feels the effects of a prolonged trade war with the United States.

The country's GDP grew at 6.2% in the quarter that ended in June, the slowest quarterly growth rate since 1992 and down from 6.4% in the previous quarter, according to government figures released Monday.

Monthly data for June was better than expected but likely doesn't mark the beginning of a turnaround, according to Capital Economics.

"A stronger end to the quarter didn't prevent growth from slowing in [the second quarter] and we see more weakness on the horizon," senior China economist Julian Evans-Pritchard said in a research note.

2. Bank earnings: US bank earnings kick off Monday with Citigroup C US bank earnings kick off Monday with, which is set to report second quarter results before the bell.