Consumer confidence has lifted for the first time in six weeks as Australians grow more optimistic about the future of their finances.

A bump in the 'future financial conditions' gauge helped push up ANZ and Roy Morgan's weekly indicator by 2.7 per cent.

But consumer sentiment remains well below historical averages and has a long way to go to recover from the cumulative 10.4 per cent decline in the previous six weeks.

"The lift in confidence doesn't change the fact it remains at a level not matched since the early 1990s recession, putting aside the early pandemic period," ANZ head of Australian economics David Plank said.

Respondents felt more positive about the future last week, with the 'future financial conditions' subindex climbing 4.9 per cent and 'future economic conditions' lifting three per cent.

But the 'good time to buy a major household item' fell again last week, the fifth time in six weeks.

Mr Plank said downcast consumer sentiment was still not reflected in spending data.

"Whether this disconnect can continue is a central issue for policy makers," he said.

The Reserve Bank of Australia has been watching spending-related indicators for signs consumers are starting to limit their spending in response to interest rate hikes.

The central bank is due to release the minutes from its November board meeting on Tuesday, which will reveal the thinking behind its latest 25 basis points interest rate hike.

Some experts expected to see a return to a faster pace of tightening following the surprisingly high September quarter inflation read of 7.3 per cent.

The bank did however upgrade its inflation forecast and now sees it peaking at eight per cent before the end of the year.

Weaker-than-expected inflation in the US could suggest inflation is starting to ease around the globe, which will be welcome news to the RBA and mortgage holders enduring ballooning mortgage repayments.

A slight softening of China's hardline COVID-19 stance could also offer hope, with the bank flagging the economic downturn in China as a key source of uncertainty for its monetary policy tightening strategy.

© AAP 2022

The Rugby Football League are investigating an alleged fracas involving Sydney Roosters and England lock Victor Radley.

The 24-year-old, whose side were knocked out of the Rugby League World Cup with a loss to Samoa last weekend, was reportedly involved in an altercation with Ireland international James Bentley.

Radley was part of a group of England players who returned to their Manchester hotel after their 27-26 semi-final defeat in London.

The Irish side, in which Leeds forward Bentley featured, were knocked out of the tournament at the group stages.

Bentley was invited to the England hotel where a number of the squad's NRL-based players were staying before returning to Australia.

After being asked to leave, Bentley and Radley are understood to have become embroiled in an argument.

"The RFL have been made aware of allegations and are currently investigating the matter," the RFL said in a statement.

Radley was not the instigator according to sources with knowledge of the situation but the Roosters forward has found himself in hot water for a number of off-field incidents in recent years.

Earlier this season he was summoned to speak with NRL chief executive Andrew Abdo after making a lewd gesture on television.

He was also investigated by the NRL's integrity unit after being thrown off a Sydney to Gold Coast flight last year and following an altercation in Byron Bay over Christmas 2020.

© AAP 2022

Treasurer Jim Chalmers says a meeting between Chinese President Xi Jinping and Prime Minister Anthony Albanese won't immediately fix the fractured relationship between the two countries, or result in the removal of trade sanctions worth $20 billion.

Mr Albanese will meet President Xi on the sidelines of the G20 summit on Tuesday afternoon, marking the first time since 2016 the Chinese leader has met with an Australian prime minister.

Dr Chalmers hailed the meeting as really important, and as a welcome opportunity to return the relationship back to normal, but warned all of Australia's issues wouldn't be resolved off the back of it.

"I don't think anybody pretends that some of the issues that China has raised, certainly some of the issues that we have raised, will be solved overnight," he told ABC radio.

"We give ourselves a much better chance where there's engagement and dialogue and there will be today."

Dr Chalmers reiterated the lifting of the tariffs was a key issue for the relationship to stabilise.

"These trade restrictions are obviously not in Australia's interests, not in the interest of our employers and our exporters," he said.

"There's a sense of working together, where there is agreement, there is common ground, and I think that is a really, really important start."

He said the government remained deeply concerned over the detention of two Australians, including journalist Cheng Lei who has been held in custody for more than two years now and hasn't been allowed contact with her family.

"A bit like the trade restrictions, I think Australia has made its views pretty clear over a longer period of time when it comes to the detention of these two people," Dr Chalmers said.

While Mr Albanese would not reveal what he plans to discuss with the Chinese president, he considered it a success that a meeting was taking place.

"For six years we have not had any dialogue and it is not in Australia's interest to not have dialogue with our major trading partners," he told reporters in Bali.

"We will have a constructive dialogue. I will put Australia's position on a range of issues, and of course, Australia's positions on most of those is very well known."

China's trade sanctions on Australian products, security muscle-flexing and relationship with Russia will provide a backdrop for the significant meeting.

The head of Australia's peak business group, in Bali for the B20 meeting of industry representatives, described it as a "tremendous reset" with China.

"We've obviously had a set of difficulties in the relationship, but you can't fix those if you don't have a dialogue," Business Council of Australia chief Jennifer Westacott said.

"This creates an opportunity for businesses to come in behind that reset the prime minister has done and start building those ... relationships."

The prime minister's meeting comes after Mr Xi met United States President Joe Biden on Monday afternoon.

Mr Xi said he hoped they would "chart the right course for the China-US relationship" and that he was prepared for a "candid and in-depth exchange of views" with Mr Biden.

Mr Albanese has also confirmed bilateral talks with the new UK Prime Minister Rishi Sunak, French President Emmanuel Macron and Indian Prime Minister Narendra Modi.

Leaders from the world's strongest economies have descended on the Indonesian island of Bali for the G20 summit.

They aim to tackle the challenges faced across the world including inflation, climate change and the long-term effects of the pandemic.

with Associated Press

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John Aniston, the Emmy-winning star of the daytime soap opera "Days of Our Lives" and father of Jennifer Aniston, has died at age 89.

The actor's daughter posted a tribute to him on Monday morning on Instagram, announcing that he had died Friday, Veteran's Day. John Aniston served in the US Navy.

"Sweet papa...[?] John Anthony Aniston," Jennifer Aniston wrote. "You were one of the most beautiful humans I ever knew. I am so grateful that you went soaring into the heavens in peace - and without pain. And on 11/11 no less! You always had perfect timing. That number will forever hold an even greater meaning for me now.[?]"

John Aniston's acting credits included "Search for Tomorrow," "The West Wing" and "Gilmore Girls."

But he was best-known for his long-running role on "Days of Our Lives" as family patriarch Victor Kiriakis, the former drug lord who goes on to found the powerful Titan Industries.

In 2017, his work on "Days of Our Lives" brought him an Emmy nomination for best supporting actor in a drama series. Earlier this year, he was presented a lifetime achievement Emmy, with Jennifer Aniston honouring him via video.

"It's an opportunity to not only pay tribute to a true icon in the daytime television world, but it's also a chance to recognise the lifelong achievements of a great and well-respected actor, who also happens to be my dad," Jennifer Aniston said at the time. "John Aniston has been working in television consistently for over half a century."

John Aniston was born Yannis Anastassakis in Crete, Greece, and emigrated with his family to Pennsylvania when he was a child. A theatre major at Pennsylvania State University, he began his professional acting career in the 1960s, with early roles in "Combat!", "I Spy" and "The Virginian."

Aniston was married twice, most recently to Sherry Rooney. He had two children, Jennifer and Alexander Aniston, and a stepson, John Melick.

© AP 2022