Wesfarmers shares rise as fresh spending data keeps RBA rate talk in play
Wesfarmers closed up 0.9% at A$82.99 Thursday, outperforming the broader S&P/ASX 200, which rose 0.47%. Commonwealth Bank data showed household spending rose 0.7% in December and 6.3% over the year. The Reserve Bank of Australia’s next rate decision is set for Feb 3, with Wesfarmers’ half-year results due Feb 19. No new company updates were issued Thursday.