Market Fox newsletter, our daily e-publication is now available free of charge. Our research and investment recommendations are based on strict wealth creation methodology for you; the client. Freeman Fox Ltd Stockbroking will maintain the proven investment philosophy without seeking to capitalise on the latest fad or boom area.

Latest Edition - Dow rallies 254 points, biggest move since May

The Dow closed up a strong 254 points, the biggest move since May, after data showed faster than expected growth in manufacturing in the US. Factories have increased the number of employees and productivity is also on the rise.  The Institute for Supply Managements gauge of manufacturing rose to 56.3 in August from 55.5 in the previous month, with figures greater than 50 generally indicating growth. Also supporting our market was data out yesterday showing Chinas purchasing managers index rose to 51.7 last month from 51.2.  Yesterday being the first day of the month, it generally means a net inflow of funds into equities and is likely to continue today.  Historically, the market in the US has tended to rise ahead of the Labor Day holiday.

Read More…

This months posts

  1. September 2nd, 2010 - Dow rallies 254 points, biggest move since May
  2. September 1st, 2010 - Short covered rally

Archives