Here's my summary of the key news overnight in 90 seconds at 9 am, including news of the very cold weather is now affecting some northern hemisphere economies.
Earlier there have been reports that both housing and retail sales have been dented. Now the Federal Reserve said US factory output fell in January due to the "severe weather" that hit some parts of the country. Output fell by 0.8%, the biggest drop in four-and-a-half years. Compared with a year earlier, output was up by 1.3%.
In China, data out over the weekend showed bank lending jumped more-than-expected in January, suggesting government concerns about credit expansion aren't tamping down borrowing.
Other China data showed that consumer prices rose 2.5% in the year to January, but they were up 1.0% from December, pushed ahead by food prices mainly. Beef and sheepmeat prices continued their rises.
ASB rate has cut its 2 year home loan rate in a 'limited time special offer' to 5.95% the lowest of its main rivals for that term.
There is news for Christchurch company Martin Aircraft which hopes to bring the first commercial jetpack to market in 2016. It is seeking NZ$5 million in early additional capital raising of a formal listing launch.
And staying in New Zealand, data out on Fridays showed Fonterra's milk collections across New Zealand for the first eight months of the season were 4.2% higher than the same period last season.
On Friday in New York the Dow closed back up over 16,000, oil tracked sideways, and gold continued to regain its safe haven status pushing on up to almost US$1,320/oz.
The NZ dollar has risen against the US dollar over the weekend and starts today at 83.7 USc, 92.5 AUc and the TWI is at 78.4.
[By the way, there will be no video version today. In a breathtaking piece of incompetence, Chorus and Telecom have cut us off our internet connection on Friday on the blind assumption they could connect us to UFB on schedule. They have not come close to that (after 4 months), but they still cut our ADSL service. Rather than reversing their mistake, they told us to wait until 'business hours' before they will look at reconnecting it again.]
If you want to catch up with all the changes on Friday, we have an update here.
The easiest place to stay up with today's event risk is by following our Economic Calendar here »
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