Xero share price rebounds, but CPI and Fed loom large for XRO in the week ahead
Xero shares closed up 3.5% at A$101.22 Friday, rebounding from a 52-week low of A$97.19 a day earlier. The ASX will reopen Tuesday after the Australia Day holiday, with investors awaiting Australia’s Q4 CPI and a U.S. Fed decision Wednesday. Xero’s stock has swung sharply in January amid rate uncertainty. No new earnings reports have been released.