Macquarie Shares Surge With Investors Eyeing RBA Decision
Macquarie Group closed Friday up 2.8% at A$242.44, near its 52-week high, as the S&P/ASX 200 posted its strongest session since April. Investors eased back on rate-hike fears ahead of the Reserve Bank of Australia’s June 16 policy decision. Most economists expect the RBA to hold its cash rate at 4.35%. Macquarie reported a 30% rise in FY26 net profit to A$4.85 billion.