Wesfarmers stock climbs on Australia spending data as rate-hike chatter returns
Wesfarmers shares rose 1.44% to close at A$82.23 in Sydney, with 1.08 million shares traded. Australian household spending increased 1.0% in November to A$79.4 billion. Investors await Australia’s December CPI on Jan 28 and Wesfarmers’ half-year results on Feb 19. Interest-rate swaps now price in a 25% chance of a February rate hike.