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ASX:SKY News 3 February 2026

Macquarie share price jumps after RBA rate hike; what investors watch next on ASX

Macquarie share price jumps after RBA rate hike; what investors watch next on ASX

Sydney, Feb 3, 2026, 17:22 AEDT — After-hours Macquarie shares closed Tuesday up 2.4%, hitting A$216.80 after fluctuating between A$212.55 and A$217.01. Investors pushed financial stocks higher heading into the final minutes. (Yahoo Finance) The central bank increased its cash rate by 25 basis points—0.25 percentage points—to 3.85%, marking its first rise in two years and signaling that inflation is…
3 February 2026
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Stock Market Today

  • Tree Island Steel Stock Drops Below 200-Day Moving Average
    February 3, 2026, 4:47 AM EST. Tree Island Steel Ltd. (TSE:TSL) shares fell below their 200-day moving average of C$2.68, closing at C$2.64 on Monday with low volume of 671 shares. The company trades with a small market cap of C$68.40 million and a negative price-to-earnings ratio of -12.57, reflecting recent losses. Its debt-to-equity ratio stands high at 21.28, signaling significant leverage. The firm reported a quarterly loss of C($0.08) per share and negative return on equity of 2.01%. Despite reporting C$38.72 million revenue last quarter, Tree Island Steel holds a Hold rating by analysts. The stock's dip below the 200-day moving average, a key technical support level, may indicate further weakness amid mixed financial signals.
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