Here's my summary of the key events overnight that affect New Zealand.
Although there are other big events in the news today - another mass shooting in the US, an independence vote in Catalonia - the global economy grows on regardless.
A closely watched report shows American factory activity surged to a more than 13-year high in September amid strong gains in new orders and raw material prices. A separate report painted a more modest picture, but it did show strong hiring gains in their factory sector.
And on Wall Street, equity indexes surged to all-time highs earlier today, a strong start to the fourth quarter.
In China, there is an ironic item of news. The city there regarded as their "coal capital", Taiyuan, has just banned sales, transport and use of coal in a move to tackle their chronic air pollution issues.
The EU jobless rate is down to 7.6% in August, a strong improvement from 8.5% a year ago, and the lowest rate since November 2008. Seven of the 28 member countries have an unemployment rate below 5%.
And staying in Europe, yet another airline has collapsed, affecting 100,000s of passengers. Britain's Monarch Airlines has followed Air Berlin, Alitalia, as others like Ryan Air struggle to keep planes in the air. It seems to be a uniquely European crisis.
In Australia, the rate of expansion in their manufacturing sector has picked up slightly from what are actually quite healthy levels. However, they are a long way behind the New Zealand equivalent which is high by world standards.
Sydney house values actually fell in September as capital gain growth continues to lose steam across the ditch. That fall was the first month-on-month for this benchmark city, surprisingly pulled lower not by apartments but by detached single-family homes. But median housing values remain 29% higher in Sydney than for Melbourne, according to the latest CoreLogic report.
In New York, the UST 10yr yield is holding at 2.33%.
The price of crude oil is down by more than -US$1 at US$50.50 a barrel, while the Brent benchmark is just under US$56. As a rise in US drilling and higher OPEC output, especially from Iraq, have put the brakes on the recent rally.
The price of gold is lower yet again, down sharply by -US$10 to US$1,273/oz. These falls are now accumulating; remember the gold price rose to US$1,346 on September 8, so the decline since then has been -US$73/oz or -5.4%. Rising supply might be an issue holding the price back.
And the Kiwi dollar is also again softer and will start today at 72 US¢. On the cross rates we are now under 92 AU¢, and 61.3 euro cents which is being moved a bit by the uncertainty surrounding the independence vote in Catalonia. Our TWI-5 index is now at 74.8.
If you want to catch up with all the changes yesterday we have an update here.
The easiest place to stay up with event risk today is by following our Economic Calendar here ».