Amidst a global climate of economic uncertainty, particularly in Europe where the Greek economy appears more likely than ever to default on loan payments, New Zealand is showing confidence.

The Rugby World Cup is delivering a spending increase around New Zealand with the latest figures from Paymark showing spending via overseas credit cards up 32.5 per cent.

This is worth $12 million and is measured on the first 10 days of the tournament against the same 10 days last year.

IRG BOP investment advisor Jonathan York explores in this week's market update video some of the overseas situations to remind people of the overall climate.