what is the outlook looking like for westpac?great start to the week four westpac shareholders. we have seen aussie banks unwinding their provisions, outlook for westpac is a little bit ecstasy, there are uncertainties as most of australia is emerging from strict lockdowns and there are question marks as to how long that takes for people to get back into the swing of things. over the next year, he is predicting significant increase in consumer spending and a seven point 4% expansion in the economy. he thinks the housing price market will remain strong but come back a little bit. they are expecting growth about a percent. kathleen: all of the things on the outlook, the consumer is very important, you mentioned buybacks. when you take that part of it, critics wonder why they do not put more money into something else by just -- besides just buying back share prices. are they responding to something that makes them think this is a good time to do it? >> they think this is eight prudent time to do it because they did bulk -- balk all

we are watching westpac as big bang earnings continue. the aussie dollar -- kiwi stocks lower by about one half of a percent, the kiwi-dollar trading software at 7168. also watching out for the airlines as we have the resumption of international flights out of the east coast of australia. momentous day after a couple of years of isolation. kathleen: yes. a boost on many levels. very interesting interview done with doug ramsey, he is a chief investment officer, he is looking for a melt up. he says this is a positive seasonality time, that's going to kick in, he knows gains are broad-based. the new york stock exchange index is at a new all-time high. the market is shrugging off tapering, it keeps going. the market is dealing with inflation that isn't expected to move higher, but it is higher. he said it is with so many bellwethers like the dow transports breaking out, it just is not a time to move against the stock market. two things is going to keep moving higher. haidi: what about the china affect relating to the sentiment impact we see i

westpac does see the kiwi dollar and 75 by the end of this year.nto commodities, rbc capital has upgraded their base case outlook for u.s. natural gas prices. about six dollars in the coming quarters with the market on edge amid this ongoing obvious tightness in the market, underpinned by clear risk going into this enter. rbc with options to capture upside risks. shery. shery: holding at that 57 three level but near the seven-year high. if you morgan making the call. gas is so expensive in some places that switching to oil-based fuels could add more than 900,000 barrels to daily demand. of course, we have seen brent already very close to the $80 a barrel level. jp morgan saying they are seeing it at 34. helping prices on friday. coffee also seeing its biggest day since july, climbing given the worsening supply concerns for top suppliers like brazil and columbia. they are seeing bad weather in the region. when it comes to the commodities space, energy traders will be focusing on opec and its allies as they meet monday to discuss whether to increase

some of those big corporate like commonwealth bank, westpac, those other companies to add women to theirreasury lines losing some. australia improving but still lacking internationally. shery: not to mention on the gender pay gap metric, it ranked last with the u.k.. after four decades of gender equality reporting in australia, the progress has been we have to take the victories where we get them. australia companies adding the most women to boards in six months. it is only eight. we will take the win. coming up, the market outlook as investors weigh earnings season optimism against inflation concerns. that is it for daybreak australia. daybreak: asia is next. this is bird. -- this is bloomberg. ♪ paul: good morning. banks just opened for trade in sydney. shery: our top stories this hour. asian stocks set to rise after robust corporate earnings helped wall street to its best date since march. big u.s. banks report surging revenue. morgan

jp morgan suggesting we will see further hikes in the coming months, and westpac saying this will pick up as we see the holiday shopping season continue. manus: juliette saly in singapore. we will see you shortly. some of the things to set the agenda for today, and for the week, central bank talks, more at 10:00 a.m. u.k. time. the ecb governing council will speak. this afternoon, we hear from john cunliffe. will he reinforce? dani: the other big thread is will manus be buying a new macbook pro? apple is going to unveil the first revamp in five years. the biggest change is replacing intel chips with apple designed processors. plus, the first u.s. coin futures, and an etf that could end an at your wait for securities tracking on the u.s. stock market. we've seen bitcoin join just -- jump. were going to talk about another sizable move, focus shifting toward rate hikes by central banks. more on that next. this is bloomberg. ♪ >> the energy story particularly means it will last longer. and it will of course get into the annual numbers, there is a consequence of that. that raises for centra

over at westpac, the cpi reports supports their view for more rate hikes in the coming months as they look for a strong medium-term inflation outlook as price hike pressures are easing. in the wake of that cpi report. check out the offshore yuan above 643 as we count down to china's gdp from the third quarter and monthly activity data. haidi: we continue to watch the fallout from ever grand. we have been focusing on commentary from the pboc. wrecking your silence when it comes to the broader systemic risk from ever grand saying he sees that risk to the broader economy and the downside able to be contained. it is interesting because from the people we spoke to, the focus is shifting from just ever grand to beyond. the surprise from fantasia, these payments that have continued to be missed and what it means for the ongoing debt situation for the local governments that are now going to have to handle situation. it seems that pboc from a top-level view that can be contained. shery: we're seeing that weakness in the property sector already. but is lit into the sharp pullback when we saw in

flipping the board, westpac is saying a prediction of a rate hike this week.d recover late went they look it up. haslinda: thank you so much for that. before we got to break, let us see where markets are right now. asia under pressure despite strong gains for the u.s. on a friday. investors mulling over that opec-plus meeting. also concerns over inflation. there you have it. a mixed picture there. it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. haslinda: live picture of tokyo. planning to hold a general election on october the first -- on -- after being voted in as leader of the ruling ldp last week. rishaad: let's get the latest from our politics reporter. what do we know about his agenda? >> looking ahead