Live: Westpac sees decline in home loan applications

The big four banks have come back to Earth after a red-hot recent run, with one flagging signs weaker confidence is impacting returns and the broader economy.

The ASX is expected to hit a fresh record high after Wall Street's S&P 500 also closed at a record, while Westpac's quarterly profits tick higher. Follow the day's events and insights from our business reporters on the ABC News live markets blog.