Bernard Hickey details the key news overnight in 90 seconds at 9 am in association with BNZ, including news that Treasury has estimated the total cost of the Christchurch earthquake at around NZ$4 billion.
That's up from the NZ$2 billion initial estimate from the Earthquake Commission.
That includes costs to insurers, households and governments. See more on Treasury's initial forecast here.
Meanwhile, the so-called Beige Book report from 5 Federal Reserve regions in the United States shows widespread signs that the world's largest economy is decelerating.
Also in Europe, the Irish government is set to wind down Anglo Irish Bank after bond yields there reached record high, signalling increased fears about Ireland's position.
In Greece, the National Bank of Greece has launched a capital raising of 2.8 billion euros, sparking fears that a Greek debt restructuring and default is near.
However, the Dow rose 46 points overnight and the New Zealand dollar was firm around 72 USc after good bond auctions in Poland and Portugal calmed some of those fears for now.
The Gold price remained near its record high set in June of US$1,265/oz.