Here's my summary of the key events from overnight, with breaking news the Russian ambassador to Turkey has been shot dead.
An off-duty police officer reportedly attacked Andrei Karlov, while he was delivering a speech in an art gallery is the Turkish capital. Yelling "Don't forget Aleppo" as he shot, the attack's been made as Russian-backed Syrian forces fight for control of the eastern part of Aleppo. The conflict has triggered a devastating humanitarian crisis.
Also making headlines this morning, the IMF's chief Christine Lagarde has been convicted of negligence for a state payout she made while France's finance minister in 2008. Yet Lagarde has escaped punishment, as a French judge has cited her preoccupation with the global financial crisis at the time. The IMF's board will meet soon to consider what the verdict will mean for her leadership.
Apple is appealing a European Union ruling, which has ordered it to repay US$14 billion of tax. The tech giant argues EU regulators ignored tax experts from Ireland, where its European headquarters were based and where it had set up a special tax arrangement with authorities. Apple claims it was a "convenient target" and the EU deliberately picked a method to maximize its penalty.
In New York, the UST 10yr yield has dropped 5 bps since this time yesterday to 2.55%.
The US benchmark oil price remains at US$52 a barrel, while the Brent benchmark is stable at US$55.
A vote of confidence for the oil industry as prices pick up - BP is investing US$3.4 billion, buying stakes in gas-rich exploration areas off the coast of west Africa, and renewing a permit in Abu Dhabi.
The gold price is continuing to regain some lost ground. It's up to US$1,140/oz.
The New Zealand dollar doesn't stand much of a chance against the US dollar, which is at a 14-year peak against a number of currencies. It's down to 69.4 US¢. The US dollar is expected to stay dominant as Trump promises fiscal stimulus and the Federal Reserve points its guns in a different direction to other central banks.
UPDATE: Fed Chair Janet Yellen has done another victory lap for the US labour market. In a speech just delivered at the University of Baltimore, she says graduates are entering the strongest jobs market in nearly a decade. She cites an unemployment rate of 4.6% - a pre-recession low - and wage growth for younger workers. Yet Yellen admits challenges remain, as the economy is growing more slowly than in past recoveries and productivity growth “has been disappointing”. Her speech has nudged the US dollar up a touch.
The dollar is up to 95.7 AU¢, as Australia's bad news budget update puts its AAA credit rating at risk. The New Zealand dollar is down slightly to 66.5 euro cents and the TWI-5 is lower at 76.1.
If you want to catch up with all the local changes from Friday, we have an update here.
The easiest place to stay up with event risk today is by following our Economic Calendar here ».