Wesfarmers (WES)

16/11/2023

Latest Reports

Afternoon report 03/11/2026

The Match Out: RBA hikes rates, stocks move higher

The ASX ultimately finished Melbourne Cup Day higher, but it was was struggling into the RBA decision, trading down around ~40 points, before rallying after the Bank delivered the widely expected 25bp hike. The split 6-3 vote, together with a more balanced message from Governor

Morning report 03/11/2026

What Matters Today: Can Rare Earth stocks recover after the US Midterm Elections?

The ASX 200 fell away on Monday ahead of the RBA and US mid-terms, with the miners and banks, the main contributors to the index's 0.6% decline. The banks slipped despite Westpac (ASX: WBC) advancing +1% following its reasonable FY26 result, despite management warning the next 12–18 months of its UNITE transformation would be challenging - UNITE is WBC’s major, multi-year technology and operational transformation program, designed to simplify how the bank operates, reduce costs and improve customer experience.