Macquarie stock slips into Australia Day break as rate bets tighten — what to watch next

Macquarie stock slips into Australia Day break as rate bets tighten — what to watch next

Sydney, Jan 23, 2026, 17:47 AEDT — After-hours

  • Macquarie Group (ASX:MQG) ended Friday at A$210.41, slipping 0.22%. (Intelligent Investor)
  • Australia’s unemployment rate dropped to 4.1% in December, fueling speculation that the RBA might act sooner than expected. (ABC)
  • Coming up: Australia’s December CPI report drops on Jan 28, followed by the RBA’s first policy meeting of 2026 in early February. (Australian Bureau of Statistics)

Macquarie Group shares slipped 0.22% to close at A$210.41 on Friday, giving back some of Thursday’s 2.44% gain. The stock drifted quietly as the weekend approached. (StockAnalysis)

The steady finish is notable as rate expectations shift once more. Australia’s unemployment rate dropped to 4.1% in December, with employment increasing by roughly 65,000, the Australian Bureau of Statistics said Thursday. (Australian Bureau of Statistics)

Shocks like this usually ripple quickly through bank shares and funding markets. Abhijit Surya, senior APAC economist at Capital Economics, flagged a “growing imperative” for the Reserve Bank of Australia to tighten policy. Following the data, markets pushed the chance of a 25 basis-point (0.25 percentage point) hike to 54%, up from 27% beforehand. (Reuters)

Broader equities showed little movement. The ASX 200 ended at 8,860, gaining 11 points. Macquarie lagged slightly behind the market, despite traders citing changes in global risk sentiment. (ABC)

Company-specific updates were sparse, yet filings didn’t stop. An ASX disclosure revealed Macquarie filed a notice confirming it no longer holds a substantial stake in Pantoro Gold (PNR) after Friday’s market close. (“Substantial holder” means owning 5% or more.) (Australian Securities Exchange)

The previous day, Macquarie filed a notice declaring itself a substantial holder in Sandfire Resources (SFR). (Market Index)

The market pauses for a day as the ASX closes Monday for Australia Day. Trading resumes Tuesday, with the inflation data due midweek. (Australian Securities Exchange)

The next major domestic event hits Wednesday when the ABS releases December 2025 consumer price index data at 11:30am AEDT on Jan 28. This figure could swiftly shift rate expectations if it deviates from forecasts. (Australian Bureau of Statistics)

But there’s a clear snag. Year-end jobs data often swings wildly, and a weaker inflation reading could ease pressure on the “early hike” bets that have been creeping back since Thursday.

Macquarie investors are zeroing in on two key dates: the Jan 28 CPI release and the RBA decision in early February. Any new market-sensitive filings could draw sharper focus amid the quieter post-holiday trading.

Stock Market Today

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    January 23, 2026, 8:28 AM EST. Starbucks (SBUX) shares rallied to around $95.83, delivering mixed returns: 2.7% in the past week, 14.3% over 30 days, but only 0.4% yearly. A discounted cash flow (DCF) valuation pegs intrinsic value at $49.41, implying a 94% overvaluation against current prices. The high price-to-earnings (P/E) ratio of 58.7x surpasses the hospitality industry average of 21.87x, signaling elevated growth expectations or lower risk premium. Starbucks' fair P/E estimate stands at 39.56x, below the current ratio, reinforcing concerns about rich valuation. Investors should weigh these fundamentals against recent price momentum before buying.
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