Here's my summary of the key overnight news in 90 seconds at 9 am, including news the US default issues are starting to play on market nerves.
Although there are a few reports of Republicans willing to shift their stance on the US Budget / debt ceiling issues, the bulk of them are holding firm. The shutdown continues - with exceptions - and the practical impacts and fears are growing.
Derivatives traders are rushing to bet on a debt default. Wall Street is readying itself.
Meanwhile at the APEC summit in Bali - with a key leaders meeting now being chaired by John Key - the push is underway to progress the Trans Pacific Partnership free trade agreement.
At the same time, in Geneva, China has signaled it is prepared to open up its economy to 'services', in a move that has been described as a 'game changer'.
However, the US has canceled key trade talks with Europe.
Other weekend news items of note include a record Samsung profit - while its rivals struggle, a huge new oil field re-opened in Iraq, and the Aussie government looks like it will continue to pump public money in to keep carmaker Holden going.
This week, we get the annual Crown Accounts which are out later today, plus both the QV and REINZ housing market stats which will come later in the week.
The NZ dollar starts today at 83.1 USc, 88.2 AUc, and the TWI is at 77.2.
The easiest place to stay up with today's event risk is by following our Economic Calendar here »
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