Here's my summary on on the key news over the weekend in 90 seconds at 9 am, including news of strength in the US car market and falls in the price of petrol there. There is also news of rebounding economic fortunes in some States. But these gains are specific or regional and not enough to lift overall US economic performance.
In fact the latest measure of American consumer confidence shows gloom, and some are noting that the country has already fallen back into recession. Expect the drumbeats for QEIII to grow louder, although it is clear most Fed members don't think such an approach will have the desired impact.
Despite these negative sentiments, the Dow finished up strongly on Friday, and the oil price also rose.
Back in the US, there are important reports that authorities there are preparing criminal cases against banks in the Libor rate fixing scandal - and not only against Barclays; a range of banks are being investigated for criminal violations. There is more on this story in our Top 10 links which will be published later this morning.
The NZ dollar starts the day at 79.5 US cents, 78 AU cents, and 72.3 on the TWI. Gold is at US$1,590 per ounce, and oil is rising, currently at US$87 per barrel.
Tomorrow we will get New Zealand consumer price inflation data, but we are not expecting any surprises there. Actual inflation is dormant, and that is backed up by our own weekly grocery price monitoring. The only area to watch will be the non-tradables sector, especially government charges.