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The Overnight Report: Oil Up, Software Down
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FNArena.com
As the oil price moved higher, software stocks were sold off, regardless of earnings quality.
ANZ Bank, Australian Morning Focus extractIt was a quiet day in financial markets ahead of the US nonfarm payrolls report tonight (10.30pm AEST).
Both themes have seen strong EPS/revenue beat rates, and stock price reactions to earnings prints have been positive on average.
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