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Stock Market News 8 January 2026

Why Macquarie Group stock (ASX:MQG) rose today: filings, funding and the next catalyst

Why Macquarie Group stock (ASX:MQG) rose today: filings, funding and the next catalyst

Sydney, Jan 8, 2026, 17:21 (AEDT) — Market closed Macquarie Group Ltd stock (MQG.AX) ended Thursday up 0.9% at A$208.69, after trading between A$206.56 and A$210.09. Turnover of about 557,000 shares was roughly half its three-month average, according to Investing.com. Investing.com The move comes as investors hunt for early clues on where the bank is putting money and how its client flows look in the new year. Macquarie runs a big asset manager and a markets business that can swing with funding costs and risk appetite. Those cross-currents are back in focus after a choppy start to January in rates
8 January 2026
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DroneShield Limited stock slips as JPMorgan drops off the 5% holder list — what investors watch next

DroneShield Limited stock slips as JPMorgan drops off the 5% holder list — what investors watch next

Sydney, Jan 8, 2026, 17:15 AEDT — Market closed DroneShield Ltd (ASX:DRO) shares ended down 1.0% at A$3.85 on Thursday after a filing showed JPMorgan Chase & Co. and its affiliates had ceased to be a “substantial holder” of the counter-drone technology firm. The stock swung between A$3.62 and A$3.92 and traded about 21 million shares; it is still up about 16% this week after an 18% jump on Tuesday. Investing.com+1 Why this matters now: the register is back in focus while DroneShield works through a governance clean-up and investors try to pin down who is really holding the stock
8 January 2026
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Westpac shares rebound after inflation cools — here’s what markets watch next

Westpac shares rebound after inflation cools — here’s what markets watch next

Sydney, Jan 8, 2026, 17:23 AEDT — Market closed Westpac Banking Corp shares (WBC.AX) last traded at A$38.01, up 1.3% on Thursday, paring losses from earlier in the week as investors weighed softer inflation against a still-wary central bank tone. Intelligent Investor The move matters because Australia’s big banks have been trading day-to-day as a proxy for the interest-rate path. Data showed annual consumer inflation slowed to 3.4% in November from 3.8% in October, while the trimmed mean — a core measure that strips out big price swings — eased to 3.2%. The next major read, December-quarter CPI, is due
8 January 2026
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Taiwan Taiex cracks 30,000 — but a lawmaker says TSMC is warping the market

Taiwan Taiex cracks 30,000 — but a lawmaker says TSMC is warping the market

TAIPEI, Jan 8, 2026, 13:53 (GMT+8) Taiwan’s stock rally drew political heat this week after a senior opposition lawmaker said the Taiex benchmark no longer reflects the broader market because it is dominated by Taiwan Semiconductor Manufacturing Co, which he said accounts for more than 40% of total market value. “The market structure has lost its balance,” Kuomintang legislator Lin Te-fu said. (https://www.taipeitimes.com/News/biz/archives/2026/01/08/2003850223). Taipei Times The warning lands at an awkward moment for investors: the index has pushed into new territory above 30,000 points on an AI-driven run, and money is moving quickly into a narrow slice of chip-linked names.
8 January 2026
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IDFC First Bank shares rise after savings rate cut, as Nomura flags 23% upside

IDFC First Bank shares rise after savings rate cut, as Nomura flags 23% upside

Mumbai, January 8, 2026, 11:22 IST Shares of IDFC First Bank rose on Thursday after the lender cut savings account interest rates by up to 200 basis points (a basis point is 0.01 percentage point) and reshuffled balance slabs from Jan. 9. The stock was up nearly 2% at about 86 rupees by 10:45 a.m. IST, after climbing around 3% from the day’s low. Moneycontrol The move lands at a touchy time for banks that have been paying up for deposits. IDFC First has leaned on a high savings rate to pull in money, and any sign that funding costs
8 January 2026
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Mineral Resources shares slip after flirting with a 52-week high as China flags battery overcapacity

Mineral Resources shares slip after flirting with a 52-week high as China flags battery overcapacity

SYDNEY, Jan 8, 2026, 17:19 AEDT — Market closed Mineral Resources Ltd shares ended lower on Thursday after pushing to within a whisker of a 52-week high, a reminder that the rally in Australian lithium names is still a jittery one. The stock closed down 1.34% at A$56.49. Investing.com Australia The move matters now because MinRes has become a quick read-through on sentiment around battery materials, even as it also sells iron ore. When the lithium tape softens, the stock can turn fast, and Thursday’s fade came after a sharp early-week jump. Traders have also been weighing fresh signals out
8 January 2026
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ANZ stock edges up as RBA warns inflation still “too high”; Feb rate call back in focus

ANZ stock edges up as RBA warns inflation still “too high”; Feb rate call back in focus

Sydney, Jan 8, 2026, 17:13 AEDT — Market closed ANZ Group Holdings shares rose 0.7% to end at A$35.68 on Thursday, recovering a slice of the prior session’s slide as rate expectations swung back into view. Volume was about 4.1 million shares. MarketScreener The move followed comments from Reserve Bank of Australia Deputy Governor Andrew Hauser, who said November’s inflation slowdown was “helpful” but largely expected. “Inflation above 3% — let’s be clear, it’s too high,” Hauser said in an interview with the Australian Broadcasting Corporation. Reuters Why it matters now: Australia’s big banks trade day-to-day on interest-rate odds because
8 January 2026
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CBA shares stop falling — but the next CPI print could jolt Commonwealth Bank stock

CBA shares stop falling — but the next CPI print could jolt Commonwealth Bank stock

Sydney, Jan 8, 2026, 16:50 AEDT — Market closed Commonwealth Bank of Australia (ASX: CBA) closed up a fraction on Thursday, ending 0.03% higher at A$153.27 after swinging between A$152.45 and A$153.76. Turnover was about 1.0 million shares, after a 1.68% drop in the prior session. Investing.com Why it matters now: CBA is a rates stock in a market that can’t settle on rates. A softer November inflation read cooled the immediate panic, but it did not kill the chance of another Reserve Bank of Australia move, and investors keep pushing the timing around. Reuters On Thursday, RBA Deputy Governor
8 January 2026
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Northern Star Resources stock drops 3% after UBS trims target as Jan. 22 update nears

Northern Star Resources stock drops 3% after UBS trims target as Jan. 22 update nears

Sydney, Jan 8, 2026, 16:51 AEDT — After-hours Northern Star Resources Ltd shares ended down 3% at A$24.60 on Thursday, after trading between A$24.57 and A$25.08. The stock is still up about 56% over the past year. StockAnalysis The slide came as UBS analyst Levi Spry trimmed his price target to A$29.45 from A$29.75 while keeping a buy rating, after the miner’s December-quarter output came in below expectations. UBS said production was 348,000 ounces, about 11% under its estimate, and noted the company cut fiscal 2026 guidance to 1.6 million-1.7 million ounces; UBS also lowered its own FY26 estimate to
8 January 2026
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CSL Limited (ASX:CSL) shares jump 2.6% as healthcare bounces; three dates investors circle

CSL Limited (ASX:CSL) shares jump 2.6% as healthcare bounces; three dates investors circle

SYDNEY, Jan 8, 2026, 16:50 AEDT — Market closed CSL Limited shares closed up 2.6% at A$174.45 on Thursday, after trading between A$172.03 and A$175.10. The stock is still down about 39% over the past year and has ranged between roughly A$168 and A$289 over that period. Investing.com The gain helped steady Australia’s heavyweight healthcare name as the S&P/ASX 200 ended up 0.3% at 8,720. The Australian dollar was about 0.3% lower at 67.02 U.S. cents in late trade. ABC Part of the lift came from a broader bounce in battered pockets of the market, with healthcare up about 1.2%
8 January 2026
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Fortescue (ASX:FMG) share price slips after iron ore cools — what traders watch next

Fortescue (ASX:FMG) share price slips after iron ore cools — what traders watch next

Sydney, Jan 8, 2026, 16:50 AEDT — After-hours Fortescue Ltd (FMG.AX) shares slipped 0.2% on Thursday to close at A$22.75, paring a small slice off the iron ore miner’s recent strength. MarketScreener The move matters because iron ore is doing most of the heavy lifting for Australian miners right now, and Fortescue is one of the market’s cleanest ways to express that view. When the ore price shifts, the stock usually shifts with it. Iron ore futures — contracts linked to an expected future price — jumped to multi-month highs after China pledged to ease monetary policy, a Reuters report
8 January 2026
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Lynas Rare Earths share price slips after export-curb rally as traders eye Jan. 21 update

Lynas Rare Earths share price slips after export-curb rally as traders eye Jan. 21 update

Sydney, Jan 8, 2026, 16:50 AEDT — Market closed Lynas Rare Earths (LYC.AX) fell 5.4% to A$14.24 on Thursday, giving back part of a sharp rally the day before as investors reassessed how far the latest China-Japan export row can run. The stock swung between A$14.22 and A$15.41 and traded 8.36 million shares, after a 14.5% jump on Wednesday on heavier volume. Investing.com The moves matter because investors are again pricing in the risk of tighter rare earth supply. China this week banned exports of “dual-use” items to Japan — goods and tech that can serve civilian and military ends
8 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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