Westpac shares jump as tight jobs market revives rate-hike talk ahead of CPI print
Westpac shares closed up 2.7% at A$41.91 on Thursday, leading Australian bank stocks higher after jobs data showed unemployment steady at 4.1% in January. The financials sub-index rose 1.3%. Traders now await the monthly CPI release on Feb. 25 and the Reserve Bank of Australia’s March policy meeting.