Sydney, Jan 17, 2026, 17:32 (AEDT) — Market closed.
- Wesfarmers ended a touch up, capping off a steady week for Australian shares.
- Traders are shifting focus to jobs data and offshore growth figures for fresh clues on rates and spending.
- The next company-led catalyst will be Wesfarmers’ half-year results, due in February.
Wesfarmers Ltd (WES.AX) closed Friday up 0.27% at A$83.21, as Australia’s stock market wrapped up for the weekend. The shares oscillated between A$82.21 and A$83.24 during the session. (Investing)
That modest bump counts—it sets the stage as the calendar fills up. Wesfarmers has gained roughly 2.8% over the past week, tightening the margin for any disappointing demand or cost figures in its upcoming report. (Intelligent Investor)
The Perth-based group spans both household-focused retail and industrial sectors, covering Bunnings, Kmart Group, Officeworks, as well as chemicals, fertilisers, and a lithium joint venture. It’s a diversified portfolio, yet still vulnerable to changes in consumer confidence. (Wesfarmers)
Australia’s S&P/ASX 200 ended Friday at 8,903.9 points, rising 0.48%, and notched a 2.1% gain for the week. A CommBank report highlighted financials as a major force behind the late-week rally. (CommBank)
Behind the scenes, consumer-related sectors followed the broader market’s lead. The consumer discretionary sub-index climbed 0.35% Friday, while consumer staples gained 1.08%, according to Market Index data. (Market Index)
Thursday brings Australia’s labour force report at 11:30 a.m. AEDT, a key near-term data point, IG analyst Tony Sycamore said. China’s Q4 GDP figures come in Monday, while Japan’s central bank decision is set for Friday. Also on Friday is the U.S. PCE price index, the Federal Reserve’s favored inflation measure. (IG)
Westpac forecasts a 40,000 increase in December employment following an unexpected drop in November. The unemployment rate is expected to edge up to 4.4%. The bank warned that summer seasonality could distort the data, so traders will likely watch closely to see if the underlying trend continues to weaken.
Offshore mood might spill over into Monday’s open, as U.S. markets shut down for Martin Luther King Jr. Day. Pepperstone strategist Michael Brown admitted, “Not entirely confident in holding long risk exposure into the three-day weekend.” (Investing.com Australia)
Longer-only investors are moving away from chasing momentum and focusing more on managing it. “The discipline investors need is about managing exposure, maintaining diversification and resisting the urge to react,” Liz Ann Sonders of Charles Schwab told FNArena. (Fnarena)
Risks cut both ways. Stronger labour or inflation numbers could push rate expectations higher ahead of the Reserve Bank of Australia’s Feb. 2–3 meeting, often causing rate-sensitive retailers to be repriced swiftly. (Reserve Bank of Australia)
Wesfarmers is set to release its half-year results and hold a briefing on Feb. 19. Investors will focus on updates regarding sales trends at its major retail chains, alongside management’s comments on cost pressures expected in the second half. (Wesfarmers)
