now we have michelle bullock, she's coming to take his job. she faces inflation.does she bring to the party and though she as a woman also enthuse you? >> perhaps if i could take the last part of that question first. as a female economist, i'm incredibly excited to see such an important institution being led by a very talented, very experienced female economist. we know from the research we've done in australia that one of the big impediments to young, female australians studying economics and joining the community is that they don't have a lot of positive role models, and i think it is incredibly exciting that governor bullock when she takes over will be front at press conferences and in the nightly news, and i hope inspire a whole generation of young females to study economics. we know that we need diversity. that is what drives good economics and good policymaking for the future. for me, that is personally incredibly exciting. in terms of what does she bring, she's been in the deputy governor role a bit shorter time than most governors, but brings deep experien

this is michelle bullock. phil lowe but she is a point of difference from phil lowe really being counted on to show up the rv his credibility because this hit a low point during lowe's tenure when his forward guidance that interest rates were unlikely to rise before 2024, and that clearly proved incorrect. shall is someone being described as an effective communicator in the skill set to be tested. we do have the asx 200 fairly flat as we come online still watching brent crude and you are seeing further gains here at the outset. very modest ones still coming off three straight weeks of moves higher. it is still that mark -- markets assessing those production cuts from saudi arabia and russia. shery: our next guest thinks u.s. equities are heading into a bull market with the earnings recession now behind us. it discuss the implications for asian markets with mark matthews head of asian research at julius baer. great to have you with us. you think this is actually a full market that we are already seeing, is that

as we look ahead we are expecting michelle bullock to take the helmet.rg's paul allen looks at leadership through extraordinary moments. >> phil lows seven years can be characterized by one word, inflation. when he got the job in 2016 inflation was barely above 1%. in his first appearance in front of a committee he had to defend the decision with how to disturb it. >> we have not been inflation in others, we've had a balanced perspective. balanced inflation is inevitable and appropriate. >> cpi did not vary in the years that followed, touching the two to 3% target band until the covid outbreak when it dipped below zero. the pandemic was a black swan event no predecessor had to deal with. after slashing the cash rate 2.1%, he uttered the words that would contribute to him losing his job. >> we are likely to be at the current level for a long time. >> in march 2021 he put a date on it saying the cash rate is unlikely to be met before 2024. australians took out ultra cheap mortgages as the property market roared back to be long foot in -- wrongfooted. by ma

paul: michelle -- haidi: michelle bullock takes charge of the rba. shery: and country garden with debt lines and cardinal approval or -- credit approval. take a look at u.s. futures. a mixed picture after stocks fell in new york friday. s&p 500 erasing the week's gains . nasdaq dropped almost 2%. a few events to watch out for. and options expiration events and concerns about how long a strike in the auto sector would last and data showing treasury yields gained across the board with the 10-year yield above the 430 level. we are looking for the rate decision later this week but take a look at inflation expectations showing they fell in early september to the lowest level in two years and the consumers grew more optimistic about the economic outlook with the sentiment index on the bottom panel and inflation expectations on the top panel. so consumers expecting prices will climb at an annual rate of 3.1% in the next year, down from what was expected in august. haidi: michelle bullock has taken over as australia's first female central-bank governor as th

we kind of knew michelle bullock would be joining the rba. how different will it be in practice? the near term, it will not be a lot different. by the near term, i mean the rest of this year. but come 2024, we are going to see a different central-bank with a separate monetary policy board. eight meetings instead of 11. press compasses after each meeting and then probably better messaging, better communication and improving the culture inside the reserve bank. definitely in terms of the composition, it will be a different institution. but also in terms of how it communicates. >> interesting to see those will be some of the top priorities. but when the current is going one way for central banks around the world, at the core this is what we are talking about. with the fed, the boj and the boe, how much do they diverge? at the core, everyone is trying to tackle inflation. much like the does she really have if you are dealing with this global current? >> that is right. inflation is one of the top priorities. it will be the key priority. this is something she said not too long back in

michelle bullock will be taking over governorship of the reserve bank, and meanwhile there are also moreouth korea on tuesday as well, looking at eight .9% growth rate for the second quarter. so there we go. that is a look at what we have in prospect, and no doubt it is something that our next guest may be very interested in. haslinda: the chief economist at bank of singapore, but do happy with us. lots of investors digesting trade data coming up this week, likely to be impressive, likely to disappoint. take a look at the overall stimulus over china. is that enough? >> i think your colleague from good news but it really well right now when she said there was a lack of confidence in the economy, and you can see that from the consumers, firms, and exporters as well, so we think the economy needs something more dramatic to turn confidence around. a clear source of that drama would be the central government. we think they have a balance sheets to loosen fiscal policy and give a job to the economy, but so far they have not been willing to do that. haslinda: unlikely to be willing, that is the

clues as to whether the australian central bank is looking for rates under the leadership of michelle bullock. we also see equity futures looking a little bit mixed, as you said, that word lackluster, looking range bound in the session here, kiwi stocks online to the downside. china flat right now, but we had been discussing all of the issues with china trying to win back foreign investors, and we take a look now at this chart know we have used a lot, it's a signal as to why, the bars in red indicate for investors and foreign equities, and since the start of august that has been the overwhelming thing we have been tracking here. only a handful days where investors have put money into the market. it student who single out of many as to why china is serious about trying to prop up that environment. >> and trying to reinvigorate confidence, particularly when it comes to foreign investors. we did see the central bank trying to improve the business environment for foreign countries after the po bc governor which -- met with multiple companies. our china senior executive editor is tracking this. ho

michelle bullock is taking over as governor from phil lowe. his term ends today.y is the focus. the picture of chinese eco-data is moving markets. rrr cut overnight. rate decision do later. monthly activities could perhaps tell us we are starting to see a bottoming out in the economy here so for that very sensitive economy for china and australia very much in focus haidi. haidi: our next guest says she is overweight japan and underweight when it comes to global stocks. the cio at the bank of singapore is joining us. great to have you with us. so much enthusiasm about japan and based -- at this time is a different scenario. is there further to run with the rally given how far we have seen it come already? >> hello, everyone, it is great to see you. as far as japan is concerned, i think the bank of singapore revised the gdp numbers upwards to .1% and what has given us reasons for optimism is the recent data that has come through in terms of q2 gdp. it gives us confidence the reform promised is coming through the economic data. japan is at a turning point. across mar

is the rba likely to be any different under michele bullock? swati: yes, for sure. is just the remaining months of this year, not likely to change too much, but come 2024, we are going to see a new reserve bank, which will have fewer interest rate meetings, eight instead of 11, or press conferences. there will be a press conference after every single policy meeting. and there will also be a separate monetary policy board, which will have nine members, and that will be a separate governance board with nine different members. and we are still not sure all of those members, who they would be, if they will be appointed, how they will be appointed, and when they will be appointed, so there are a lot of question marks, but it is something the government and the rba have planned for in early 2024. rishaad: what has she talked about in terms of her top priorities? how do they differ? she comes from financial oversight background, close -- so could we expend more concentration on that? swati: she did talk about the inflation fight as one of her top priorities and she describ

allen joyous out two months earlier than expected hoping for a clean slate but of course with michelle bullockegacy issues to contend with. >> i think you summed it up very nicely we have eco-data coming out of japan and qantas and decisions from the m -- rba and property concerns in china, we have markets coming online now for japan, korea and australia. at the start of the day that focus coming in with the nikkei here. we are a little higher as we get trading underway but our focus is fairly flat now. essentially household spending is one of the big data sets we have been watching. we saw in july consumers in japan really continuing to cut back their spending so household spending down 5% on the year. that was far more than economists had been predicting of 2.5%. certainly telling us here that that persistent inflation we have been seeing in japan is really starting to a road purchasing power. there certainly is further headache and conundrum for the boj as it pledges to stick with its easy policy settings and still it seems more sustained signals that growth is really taking hold. that is i