Commonwealth Bank shares bounce as RBA hike bets return — what to watch for CBA stock next
Commonwealth Bank shares jumped 2.3% to A$150.61 after strong jobs data pushed Australia’s unemployment rate down to 4.1% in December. Traders raised the odds of a February RBA rate hike to 57%. The S&P/ASX 200 closed up 0.8%, led by banks. Key inflation data is due Jan. 28.