NAB stock closes higher as Aussie spending data stirs rate-hike talk; RBA decision next
National Australia Bank shares rose 1.46% to A$41.62 Monday after data showed household spending climbed 1.0% in November to A$79.4 billion. Markets now see a 25% chance the Reserve Bank of Australia will hike rates at its Feb. 3 meeting. NAB will release its first-quarter trading update on Feb. 18.