Worley (WOR)

28/02/2024

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Weekend report 20/09/2025

Weekend Q&A: The Fed cuts 0.25%, but only US stocks celebrate the easing

The ASX200 ended last week down 1% with only the rate-sensitive tech, consumer discretionary and utilities sectors taking some solace from the Fed's 0.25% rate cut. The energy sector stood out in the losers enclosure, dropping 4% after Abu Dhabi National Oil Co’s investment arm, XRG, walked away from its $36.4bn bid for Santos (STO). The market traded in another tight 150-point/1.7% range as the Fed rate cut failed to deliver any meaningful lead.

Afternoon report 19/09/2025

The Match Out: ASX chalks up 3rd weekly loss

The ASX opened with a bang this morning but closed with more of a whimper after the Bank of Japan held rates steady at 0.5% as expected but surprised markets by announcing plans to sell down its massive ETF and REIT holdings, weighing on Japanese equities (Nikkei -0.9%), and dragging the ASX back from early highs.