Sydney, Jan 31, 2026, 17:28 AEDT — Market closed
- Macquarie closed Friday nearly flat, despite the broader market dipping.
- Capital and valuation are drawing sharper focus amid a possible sale of Macquarie AirFinance.
- Traders are gearing up for the Reserve Bank of Australia’s policy decision due in early February.
Shares in Macquarie Group Ltd (MQG.AX) are moving ahead of Monday’s open amid renewed talk of a potential sale involving its aircraft leasing unit. Reuters reported that the sale of Macquarie AirFinance has narrowed to a select group of final bidders. (Reuters)
That’s crucial now as investors scramble to gauge what a sale could do to Macquarie’s capital stance and earnings profile, especially with funding costs and rate outlooks shifting once more.
The timing is crucial, coming just days ahead of the Reserve Bank of Australia’s upcoming policy meeting—a significant risk factor for bank valuations down under and another challenge for sentiment following a volatile month in global markets. (Reserve Bank of Australia)
Macquarie shares ended Friday at A$212.18, edging up roughly 0.02% from Thursday’s finish. During the session, the stock fluctuated between A$211.63 and A$215.00. (Yahoo Finance)
The S&P/ASX 200 closed Friday 0.65% lower at 8,869.10, dragged down by a late-week slide in commodity stocks. (Yahoo Finance)
Overseas, risk appetite dipped on Friday following U.S. President Donald Trump’s announcement of Kevin Warsh as his nominee to head the Federal Reserve. The dollar climbed, fueling concerns about the future direction of interest rates. (Reuters)
Commodities also played a role. After reaching record peaks earlier this week, gold, silver, and copper prices took a sharp dive. That drop could weigh on investor mood and dampen appetite for market-sensitive financial stocks. (Reuters)
California-based Aviation Capital Group has stepped away from the Macquarie AirFinance auction, describing the contest as “very competitive.” CEO Tom Baker noted that some bidders appeared “willing to pay for the platform.” (Reuters)
Macquarie holds a 50% stake in Macquarie AirFinance, Reuters reported. Sources identified Dubai Aerospace Enterprise, AviLease, and Qatar’s Lesha Bank as the leading finalists. Macquarie declined to comment.
Elsewhere, Nomura on Friday highlighted that costs related to its $1.8 billion buyout of investment management assets from Macquarie dragged on its third-quarter profit. The move keeps focus sharp on how Macquarie continues to reshape its asset management presence post-deal. (Reuters)
But there are clear risks. If AirFinance doesn’t clear at a price investors find attractive, or if the process drags out, the “capital release” narrative quickly loses steam. On top of that, an RBA move that drives funding costs up could weigh heavily on financials’ valuations.
Next on the calendar: the RBA decision from its Feb. 2–3 meeting, with the minutes set for release on Feb. 17. Traders are also eyeing the January CPI data, expected on Feb. 25. (Reserve Bank of Australia)
