Westpac shares slide 2.2% as bank sell-off deepens ahead of Australia CPI test

Westpac shares slide 2.2% as bank sell-off deepens ahead of Australia CPI test

Westpac shares fell 2.2% to A$38.19 on Tuesday, with about 4 million shares traded, as investors braced for an inflation report due Wednesday. The decline tracked losses across major Australian banks and followed a 0.5% drop in the S&P/ASX 200. Money markets priced a 33% chance of a February rate hike after recent inflation data. Westpac’s first-quarter results are set for February 13.
IndusInd Bank’s loan slump deepens: Q3 update shows advances down 13% and CASA sliding

IndusInd Bank’s loan slump deepens: Q3 update shows advances down 13% and CASA sliding

IndusInd Bank’s net advances fell 13% year-on-year to 3.18 trillion rupees as of December 31, marking a fourth straight quarterly decline. Deposits dropped 3.8% from a year earlier but rose 1.1% from September; the CASA ratio slipped to 30.3%. The bank’s loan contraction contrasts with double-digit growth at larger rivals. IndusInd is recovering from a $230 million derivatives misaccounting scandal.
6 January 2026
NAB slides nearly 3% as rate-hike chatter hits bank stocks ahead of Australia inflation print

NAB slides nearly 3% as rate-hike chatter hits bank stocks ahead of Australia inflation print

National Australia Bank shares fell 3.0% to A$41.28 on Tuesday, underperforming the market as traders braced for Wednesday’s CPI data. Australia’s benchmark index slipped 0.92%, with financials among the main drags. Investors recalibrated for the risk of the Reserve Bank of Australia keeping rates higher for longer. NAB’s next trading update is set for February 18.
Macquarie shares buck weak ASX as investors eye Qube deadline and May results

Macquarie shares buck weak ASX as investors eye Qube deadline and May results

Macquarie Group shares rose 1.68% to A$206.76 Tuesday, outperforming the S&P/ASX 200, which fell 0.52%. The stock touched a high of A$207.08 as investors watched for updates on its Qube bid, with the exclusivity deadline set for February 1. No new company filings were posted in the past two days. Macquarie last reported a 3% rise in first-half net profit to A$1.66 billion in November.
BlueScope Steel stock jumps 21% on A$30 takeover bid — the next catalyst investors are watching

BlueScope Steel stock jumps 21% on A$30 takeover bid — the next catalyst investors are watching

BlueScope Steel shares jumped 20.6% to A$29.48 after SGH and Steel Dynamics made a non-binding A$30-per-share takeover offer. The proposal, received Dec. 12, is subject to due diligence, exclusivity, and other conditions. BlueScope’s board is reviewing the bid against its own valuation. The company previously rejected lower offers, citing execution risks.
DroneShield stock jumps 18% as ASX:DRO taps Louis Gamarra as chief commercial officer

DroneShield stock jumps 18% as ASX:DRO taps Louis Gamarra as chief commercial officer

DroneShield shares surged 18.1% to A$3.91 in Sydney on Tuesday, with turnover more than doubling to 32 million shares. The company named Louis Gamarra chief commercial officer to lead global sales. The rally lifted the stock 27% above its Dec. 31 close, even as the broader ASX 200 fell 0.5%. Investors await the next earnings update for signs of sustained demand.
6 January 2026
Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 06.01.2026

Fermi (FRMI) closed at $9.50 after falling 37.3% over 30 days, despite a 17.4% gain in the past week. ASX mining stocks rallied as fund managers named copper, gold, lithium, and iron ore producers as top picks for 2026. Indian Sensex dropped 443 points, while Reliance Industries rose 0.7% after denying Russian oil shipment reports. An article highlighted Coca-Cola, Procter & Gamble, and General Mills as favored dividend stocks.
NuScale Power stock jumps 15% on nuclear policy buzz — what traders watch before Tuesday’s open

NuScale Power stock jumps 15% on nuclear policy buzz — what traders watch before Tuesday’s open

NuScale Power shares closed up 15% at $18.78, with trading volume surging to 62.6 million ahead of a U.S. House hearing on nuclear licensing set for Jan. 7. The stock has gained over 30% in two sessions. Oklo and Nano Nuclear Energy also advanced. Investors are watching for policy signals and any follow-on equity raise after NuScale doubled its authorized share count in December.
6 January 2026
ServiceNow (NOW) stock barely moves after ex-Microsoft legal chief Nowbar is named president — here’s what investors watch next

ServiceNow (NOW) stock barely moves after ex-Microsoft legal chief Nowbar is named president — here’s what investors watch next

ServiceNow appointed former Microsoft legal chief Hossein Nowbar as president and chief legal officer, replacing Russ Elmer. NOW shares closed up 0.05% at $147.52 and were little changed after hours. RBC and Piper Sandler cut price targets but kept bullish ratings ahead of earnings. Nowbar will oversee legal, ethics, and compliance as ServiceNow pursues a $7.75 billion Armis acquisition.
6 January 2026
GE Vernova stock edges higher after Vietnam gas-plant start; Jan. 28 earnings now in focus

GE Vernova stock edges higher after Vietnam gas-plant start; Jan. 28 earnings now in focus

GE Vernova shares closed up 0.2% at $680.86 Monday after announcing a 1.6-gigawatt LNG power plant in Vietnam began commercial operation. The Nhon Trach 3&4 facility, using GE’s 9HA turbines, is Vietnam’s first LNG-powered plant. The company set Jan. 28 for its fourth-quarter and full-year 2025 results. Trading volume was about 2.44 million shares.

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