World sharemarkets are down as investors become more impatient with Greece.

There was more bad news from Europe overnight, with data showing the German economy contracted in the last quarter.

Equities in Europe and on Wall Street advanced overnight and so did commodities, as data showed China's import growth last month eased to the lowest level in two years.

The kiwi dollar has risen against the euro to near the highest level since 2002.

World share markets are down, with worries about Europe overwhelming good economic data from the US.