Greece will continue to dominate world market headlines this week but the GlobalDairyTrade auction results on Thursday will provide some local interest.
After seven consecutive declines and falling confidence in dairy regions, some stability would be well received when the auction results are released.
Last week, dairy farmers were so keen to lock themselves into Fonterra's latest guaranteed milk price of $5.25 a kg of milksolids the scheme was oversubscribed.
The guaranteed price was the same as Fonterra's forecast for 2015-16.
Fonterra went out to farmers looking for 40 million kg/ms and, in contrast to last year when only 25 million kg/ms were submitted, a total of 45.2 million kg/ms was offered by 443 farms.
''More of our farmers are seeing the guaranteed milk price as a financial risk management tool and are choosing to lock in a price for a percentage of their milk production,'' Fonterra said in a statement.
''We have received a good range of applications from small to large farms from throughout New Zealand who will now be able to use this income certainty to help to better budget and plan for the season.''
Because the programme was oversubscribed, applications were accepted from the lowest price upwards with applications at $5.25 scaled back by 16.5%.
Fonterra said it would use the certainty from the guaranteed milk price to lock in longer-term supply contracts with key customers at set prices, attracting an additional premium, which could help to secure a more stable earnings return for all farmers, paid through the dividend.
Today, the ANZ Business Outlook survey will be one of the first indicators of how businesses are feeling about the recent cut in the official cash rate as well as the sharply lower New Zealand dollar seen in the last month.
May building consents are also reported today while tomorrow New Zealand Aluminium Smelters is expected to announce its intentions for the Tiwai aluminium smelter which has implications for the electricity sector.
Z Energy is holding its annual meeting tomorrow and Restaurant Brands follows with its annual meeting on Thursday.
In the United States, the non-farm payrolls report will be released a day earlier on July 3 because July 4 is the Independence Day holiday.
A month ago, the May non-farm payrolls report was the strongest seen this year, coming in at more than 280,000 - well above expectations.
There were also positive revisions to previous months and the annual pace of average hourly earnings gains hit the strongest levels since October 2009.
Expectations are for a more subdued 230,000 this month and, as always, the report will be viewed as important for the path of Federal Reserve interest rate rises.
Aside from the ongoing Greek sage, June inflation figures and May unemployment figures for the euro zone will be released tomorrow.
