Wesfarmers share price slips after Australia inflation shock — what investors watch next
Wesfarmers shares fell 0.65% to A$84.19 after higher-than-expected inflation data pushed Australia’s annual CPI to 3.8% in December. Traders see a 73% chance the Reserve Bank will hike rates at its Feb. 3 meeting. The S&P/ASX 200 slipped 0.09% as rate hike bets weighed on retailers. Wesfarmers reports half-year results Feb. 19.