Xero shares drop 3% as rate-hike bets return in Australia — what to watch next week
Xero shares fell 3.1% to A$94.90 on Thursday, trading between A$98.14 and A$94.01 as rising inflation fueled expectations of a February RBA rate hike. The stock sits about 51% below its 52-week high. Investors are watching the RBA meeting set for Feb. 2–3, with markets now pricing in a 70% chance of a 25 basis point increase.