October 23, 2025
Cettire loses its footing in a tough market
ASX 200 drops 0.7% while Cettire slips 2% amid mixed reactions. Here's the news you need to know.
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Market Snapshot
The market dropped 0.7% as share prices in gold miners such as Northern Star Resources (ASX:NST) and Evolution Mining (ASX:EVN) fell amid declining bullion prices. Critical Mineral stocks also plunged as investors took profits after their meteoric rise on the back of the new U.S. and Australian agreement.
The drop was offset somewhat by Woodside Energy (ASX:WDS), which soared 3.48% after boosting its FY2025 production outlook.
Cettire Loses Its Footing in a Tough Market
The result:
Cettire shares slipped 2% after reporting Q1 earnings, as the company continues to feel pressure from slowing U.S. sales. Over the past year, shares have dropped a steep 69%, reflecting ongoing volatility in the online luxury fashion space. Analysts saw the earnings rebound as a positive signal of resilience but not enough to stop its price declining further.
Why it matters:
Cettire’s results highlight the challenges facing the online luxury sector. Global discretionary spending is soft, particularly in the U.S., and these headwinds are testing the company’s operational strength. While the earnings report hints at pockets of stability, persistent U.S. market softness could keep investor confidence in check.
What's next:
Eyes will be on Cettire’s next move. Updates on U.S. sales recovery and upcoming earnings will set the tone. Strategic plays - whether in expansion or cost control - could also move the needle on share performance.
Woodside Powers Ahead with a Strong Q3
The result:
Woodside Energy jumped 3.48% to A$23.17 after delivering a standout Q3 2025. Production reached 50.8 million barrels of oil equivalent (MMboe), driving an upgrade in full-year guidance to 192–197 MMboe. The company also downgraded its cost outlook, cutting unit production costs to A$7.6–A$8.1 per boe. Revenue from the Sangomar project in Senegal hit US$477 million, while Pluto LNG kept its perfect 100% reliability streak.
Why it matters to investors:
In a market that’s been losing steam today, Woodside’s update is a bright spot. The stronger production and tighter cost control highlight its operational discipline and resilience - key traits investors value when the broader ASX 200 is in retreat. The upgraded guidance adds confidence in Woodside’s earnings momentum and execution strength.
What's next:
Attention now turns to the Scarborough Energy Project, edging closer to completion with LNG production expected by the second half of 2026. Investors will be watching commodity prices and cost management closely, as both will shape how strongly Woodside can carry this momentum forward.
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