Commonwealth Bank shares buck ASX slide as RBA rate-hike talk returns — here’s what traders watch next
Commonwealth Bank of Australia shares rose 0.28% to A$173.98 Tuesday, bucking a 1.34% drop in the S&P/ASX 200. Investors weighed rising energy prices and shifting rate expectations as RBA Governor Michele Bullock defended February’s rate hike. No new company news moved CBA. Focus shifts to Wednesday’s GDP report and the March 17 RBA meeting.