ANZ share price edges up as Suncorp job-cut row flares; CPI and RBA meeting loom
ANZ shares rose 0.6% to A$36.40 as banks led an ASX rebound after jobs data showed 65,000 new positions and unemployment at 4.1%. The Finance Sector Union criticized Suncorp Bank’s planned job cuts, urging government intervention. Money markets now see a 50% chance of a February rate hike. Investors await inflation data on January 28 and the RBA meeting in early February.