The National Bank?s monthly survey indicated little deterioration in business outlook in July.
38.5 percent of respondents expressed pessimism about business conditions over the coming year?unchanged from June?s reading of 37.2 percent. As the economic calendar is bare of market-moving news for the rest of the week, New Zealand?s markets will take direction from the prevalent themes of subsidence and resurgence in global risk appetite.
No data is due for release within the next 24 hours.
[B]NBNZ Business Confidence (JUL)[/B]
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