Wesfarmers shares slide as inflation data looms, putting ASX:WES back under A$80
Wesfarmers shares fell 1.3% to A$79.78 as investors cut exposure ahead of Wednesday’s inflation data. The S&P/ASX 200 closed down 0.5% at 8,682.8, weighed by losses in major banks. Traders are watching the CPI print for signals on interest rates, with markets pricing a 33% chance of a February hike. BlueScope Steel jumped over 20% after a takeover bid.