On the markets, the NZX50 is up two points to 3225.

AMP up 3c to $8.04, ANZ Banking Group up 20c to $31.60, Auckland Airport up 3c to $1.97, Fletcher Building up 4c to $8.15, Goodman Fielder up 4c to $1.97, NZ Refining Co up 5c to $3.45, SKYTV up 3c to $5.08, Telstra Corp up 5c to $4.05 and TrustPower up 4c to $7.19.

Aust Foundation Invest down 2c to $6.58, Contact Energy down 5c to $6.08, F&P Healthcare down 3c to $3.27, GuocoLeisure down 1c to 65c, Rubicon down 5c to 95c, Ryman Healthcare down 2c to $2.05, Sky City Entertainment down 3c to $3.20, Telecom down 1c to $2.23, The Warehouse down 6c to $3.86 and Westpac down 35c to $35.14.

The dollar is trading at 69.98 US cents, 76.45 Australian cents, 51.13 Euro cents, 63.41 yen and 46.46 pence.

The 90 day bank bill rate is 2.73 percent and the TWI is 64.63.