Here's my summary of the key news over the weekend in 90 seconds at 9 am, including news from Jackson Hole.
Markets have now accepted that the US Fed will start its reduction in bond buying - tapering - in September. But they are nervous anyway.
The IMF worries that the impact it has seen on emerging markets may grow.
And corporates are holding back on new debt issues - in fact investment grade corporate debt issued worldwide in August is at only half the level of the same month a year ago, and at its lowest monthly level in five years.
Meanwhile, Greece will need a third bailout worth about about €10 bln but would not accept new austerity measures, the Greek finance minister said over the weekend.
Germany's budget surplus rose to 0.6% of gross domestic product in the first half of the year, boosted by higher tax income.
Argentina has lost in a US Appeals court again and told it must pay back more than US$1.3 bln to a group of investors who didn't agree to the haircut it tried to impose - 11 years after its record debt default.
Later this morning we get the data on the July trade balance and markets are expecting a break-even result, imports and exports each at $3.9 bln.
The NZ dollar starts the week at 78.0 USc, 86.6 AUc, and the TWI is just under 73.7 which is back to its lowest level since the end of June.
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