Wesfarmers Ltd (WES)

13/12/2024

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Afternoon report 30/04/2026

The Match Out: Supermarkets under the pump as Woolworths leads the ASX lower

The ASX drifted lower again today, extending its losing streak to eight sessions as elevated oil prices and rising bond yields continued to weigh on sentiment. Brent crude pushed toward multi-year highs, keeping inflation concerns alive and lifting the Australian 10-year yield above 5% after a steady climb over the past two weeks.

Morning report 30/04/2026

What Matters Today: Atlas Arteria takeover bid – What it could mean for ASX infrastructure and utilities stocks?

The ASX200 posted its 7th consecutive day of losses on Wednesday, falling another 0.3% despite a softer-than-feared inflation print. The CPI came in at 4.6% in the year to March, lower than expected but spiking sharply from February, hitting levels not seen since 2023. Short-dated local bonds rallied on the release (yields lower), but the move did little to shift the broader hawkish outlook for rates into 2026. Credit markets continue to price in a ~70% probability of a third RBA hike next week.