There's plenty to monitor across the world this week. Flash PMIs for December will be out early in the week, while another highlight will be the PCE inflation report in the US on Friday. There are three major central banks meetings taking place, with the Federal Reserve in the US expected to cut interest rates again on Thursday morning and decisions from the Bank of Japan and Bank of England later than day. Here in New Zealand, a highlight will be the September quarter GDP report, while we'll also get update on dairy prices, business confidence and the housing market. The Half Year Economic and Fiscal Update (HYEFU) is also out on Tuesday, and is likely to reflect a challenging position and a further increase in the Government’s borrowing requirements.