Tuesday, August 3, 2010

Good news and earnings pushes market upwards

Yesterday's rally can be attributed to earnings reported by HSBC, which reported that profits have doubled, as well as better than expected results from the ISM manufacturing PMI from the US.

Currently the ALSI is up 49 points from yesterdays' close.

Pending home sales released at 16:00 today out of the US will be something to keep an eye on.

Safe trading

No comments:

Post a Comment