On the 7th of February the XJO index created a new higher low formation as buying support returned and the index rallied from the 5582 low, back to retest the trend high on Friday, when the index closed at 5805.
Currently, ASX 200 stocks which have reported, show an average revenue growth of 3.2% and underlying earnings per share growth of 6.5%. This is the first return to earnings growth in 3 years.
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