Markets Look Overseas For Direction

The domestic news docket does not pose any event risk for the rest of the week, so New Zealand?s markets are likely to turn to trends overseas for momentum.

In general, risk aversion is heightened given recent evidence that the effects of the US subprime mortgage crisis have spread across the globe, but credit scares have slowly started to fade.
No data is expected within the next 24 hours.
The economic calendar listed no releases during the past 24 hours.
See DailyFX Weekly Calendar for more detail.