Wesfarmers share price climbs as investors eye Feb 19 results after consumer mood dips
Wesfarmers shares rose 1.23% to A$87.28 Tuesday, outperforming a flat S&P/ASX 200, which slipped 0.03% to 8,867.4. The gain came as new data showed consumer sentiment fell 2.6% in February after the Reserve Bank of Australia raised rates to 3.85%. Investors are awaiting Wesfarmers’ half-year results on Feb. 19 for signals on retail demand.