Worley (WOR)

26/02/2025

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Weekend report 18/04/2026

Weekend Q&A: US stocks punch to new all-time highs as the Strait of Hormuz opens

The ASX200 finished the week down -0.2%, snapping a 3-week winning streak as it failed to embrace the strength across global indices. A +13% surge by the tech sector wasn't enough to offset losses by the influential banks, with the financial sector ending the week down -2.1%. Westpac set the tone early in the week, flagging that interest-rate volatility tied to the Iran conflict had hit its market’s income and prompted higher credit provisions. While not unexpected given rising rates, cost-of-living pressures and higher fuel prices, the update reinforced a cautious “if in doubt, get out” stance from investors ahead of May results from ANZ, NAB and Westpac

Afternoon report 17/04/2026

The Match Out: ASX drifts as ZIP surges and banks stay under pressure

The ASX 200 slipped today, ending the session lower, awaiting further clarity on negotiations around the US-Iran ceasefire and the reopening of the Strait of Hormuz. The market snapped a three-week winning streak after the sharp rebound seen earlier in the month, though the pullback looks more like a period of consolidation rather than a meaningful shift in the broader trend.