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CommSec’s Tom Piotrowski says whether the local market can finish the month and the year off on a “solid note” will come down to the inflation figures set to come out on Wednesday. Mr Piotrowski said in the last four days the ASX 200 has been "higher" – being up by one and a half per cent. “We’ve equally got some important inflation numbers out of the US on Thursday," Mr Piotrowski told Sky News Australia. “So that will be seen in the context of the moderation in CPI figures that we have seen most recently.” Presented by CommSec.

Mr Greenwood said if people continue to spend in this way, it’s going to "create even more inflation". “We already had these massive interest rate rises plus increases in energy prices as well, which is all determined by the Reserve Bank to try and curb people’s spending," he said.

North Korean Leader Kim Jong-un's daughter has another rare public appearance. Kim Ju Ae was seen taking photos with scientists during the test launch of a new intercontinental ballistic missile.

Prime Minister Anthony Albanese has been questioned on whether the government has reached a decision about taking action on skyrocketing energy prices. “Cabinet had not made a decision. We had another discussion of it. We're working these issues through,” Mr Albanese said during a press conference on Monday. “As we will have to, as well, with other jurisdictions. We have said that our that time frame is before Christmas, and that remains our time frame. “And the objective here is to, yes, make a difference compared with the projections that were made at budget time.”

Nationals Leader David Littleproud says the Nationals will not be supporting the Indigenous Voice to Parliament. “We believe in empowering local Indigenous communities, giving them the power, at a local level, not creating another layer of bureaucracy here in Canberra,” Mr Littleproud said at a press conference on Monday. “But to give those communities the opportunities that those in metropolitan Australia enjoy every day.”

Prime Minister Anthony Albanese says he is "having discussions" with the state ministers about energy deliberations. “This meeting with the national cabinet will be meeting on the 7th of December, and I as usual will be having a discussion with state premiers together on the 6th of December,” Mr Albanese said. “But even before then I’m continuing to have discussions with my friends, the state premiers and chief ministers.”

Small Business Minister Julie Collins says there are "several thresholds" that need to be met for small businesses when it comes to the industrial relations bill. “There are four streams and we do expect that most small businesses will actually go through the cooperative stream," Ms Collins said during Question Time on Monday. “Most of the businesses will be able to take an off the shelf product or work with their employer peak organisation, so those costs are estimates only and they’re unlikely to be required for most small businesses to meet those costs.”

Environment and Water Minister Tanya Plibersek says the issue with coal and gas projects is they will have to be assessed on a “case-by-case basis”. “They’ll have to meet our environmental laws, they’ll have to stack up environmentally and economically,” Ms Plibersek said.

Former Liberal Senator Amanda Stoker says when done well, the liberal arts can be a “wonderfully enriching thing”. Ms Stoker said the liberal arts can equip people to "become builders of a great future and protectors of our institutions". “But sadly that’s not what our established and most respected universities teach these days, you’ve got to seek out the smaller private colleges to even have a chance at learning those fundamentals,” she told Sky News host Cory Bernardi.

"This morning, Phil Lowe has also conceded the Reserve Bank during COVID made moves that fuelled inflation," Mr Clennell said.

“Apparently it’s a coalition amendment which would require a three-quarter vote of parliament to approve the appointment of a commissioner of the new body,” Mr Clennell said.

The ASX 200 finished the day down by 0.42 per cent.

“There has been some media speculation these anti-Xi Jinping protests are the biggest in China since Tiananmen Square,” Mr Clennell said. “Australian government sources tell me that they do not believe that is the case - they think that there have been bigger protests in between 1989 and now, it is just the footage typically doesn’t get out. “The Australian government … is monitoring it closely but believes that the Chinese regime most likely will make some concessions on its lockdown policy, maybe sack some local officials and this will die down.”

“That news prompted the Bank of Queensland shares to fall hard today,” Mr Greenwood said. “They immediately fell seven per cent on the news Franzis was going. “In other words, it knocked around $250 million off the company’s value”

“The Governor laid out the conditions when COVID hit – he said forecasts initially suggested a 15 per cent unemployment rate, inflation low for a long period, interest rates as well,” Mr Greenwood said. “As it turned out, the opposite occurred due to Government stimulus and the RBA slashing rates close to zero.”

“Prime Minister Anthony Albanese says cabinet, which met today, has not made a decision and will need the cooperation of the states to do what it wants to do,” Mr Clennell said. “But has promised for the first time today to make a significant dent in the budget estimates of a 50 per cent increase in power prices and a 40 per cent increase in gas prices in the next 18 months. “You would hope this promise is worth more than the election promise - to reduce power bills by $275, which looks inevitably to be broken.”

“I think Dutton will follow suit, perhaps as soon as by the end of the year or early into next year as he is frustrated with a lack of detail around the proposal," Mr Clennell said. “Anthony Albanese has made it clear he is going to a referendum no matter what … the view of the government in relation to the Nationals is they expected it because the Nationals also opposed the same-sex marriage moves.”

Sky News Business Editor Ross Greenwood says Asian investment markets today wobbled as nationwide protests against China's zero-Covid policy accelerated. “It follows protests in major cities including Beijing and Shanghai after a deadly fire in Urumqi in China's west where 10 people died after fire-fighters apparently could not access the property because of Covid lockdown rules," Mr Greenwood said. “Covid cases in China hit all-time highs today the protests, some of which directly targeted President Xi Jinping and the Government, are rare in China."

The first cricket Test of the summer is just two sleeps away with Australia taking on the West Indies in Perth this Wednesday, in the first of a two-match series. Fox Cricket's Brendon Julian says, “it’ll be a tough one for the West Indies, but I think they can certainly put some runs on the board".

The anti-lockdown protests in China have developed into a campaign against President Xi Jinping's leadership and the “iron fist of the Chinese authorities”, Sky News host Chris Kenny says. “It is becoming very much a freedom protest,” he said.