The market order is the most frequently used order. It is a very good order to use once you have made a decision about opening or closing a position. It can keep the customer from having to chase a market trying to get in or out of a position. The market order is executed at the best possible price obtainable at the time the order reaches the trading pit.
An economic indicator is information amassed and published by a government or private entity recording the activity in a particular economic sector, either in a specific industry or in an entire economy. Most indicators are statistical, but they can be anecdotal or subjective as well. Indicators are recorded and published on a regular basis by many organizations and are used by traders to assess the strengths or weaknesses of an economy, to predict future activity, to judge central bank policy, ...
Brazil stocks racked up yet another high for the year to date on Friday, as Brazilian stocks followed foreign markets upward after profit-taking in the morning. The benchmark Bovespa index rose 0.49 percent to 64,071.01, after hitting a new intraday high for the year as investors stayed optimistic about Brazil's economic recovery.
The dollar rose from a 14-month low against a basket of currencies on Friday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank will be ready to tighten monetary policy as a recovery takes hold.
China's key stock indexclosed up 4.76 percent on Friday, its third-biggest daily gainthis year, as the market played catch-up with a strong globalrally during the country's eight-day National Day holiday.
Canadian employers hired six times more workers than expected in September, knocking down the unemployment rate for the first time since July 2008 in another sign the economy is rebounding from a deep recession.
Lenders trying to seize control of the parent company of two bankrupt Philadelphia newspapers won a judge's approval to use money owed to them as part of their bid, a move that could deliver the papers to their hands.
Europe's largest telecoms company, Telefonica (TEF.MC), announced a bigger than expected dividend on Friday despite a major planned acquisition, with an upbeat business outlook justifying its open-handedness in the downturn.
WASHINGTON - Federal Reserve Bank of Dallas President
Richard Fisher speaks before the CATO Institute 27th Annual
Monetary Policy Conference: Restoring Global Financial
Stability, 1645 EST/2145 GMT. Speech topic, audience/media Q&As
TBA.
European equities edged lower on Friday, with the key index hovering around 1,000 points, as weaker miners offset telecom shares that rose after Telefonica (TEF.MC) offered bigger-than-expected dividends.
Britain's top shares were down 0.1 percent around midday on Friday, with falls in mining stocks just outweighing modest gains in oil majors and drugmakers during a largely directionless session.
A lower reading in the Unemployment Rate for September yesterday saw the Australian Dollar rally hard in local trade.
Britain's top share index rose on Thursday, helped by gains in mining stocks on firmer metals prices and a surprise quarterly profit from U.S. aluminium producer Alcoa (AA.N).
Higher credit costs are likely to weigh on earnings for the U.S. mid-cap banks in the third quarter, but expectations appear fairly realistic going into the period, Morgan Stanley said.
Canada's dollar rose against theU.S. currency early on Thursday on the backdrop of highercommodity prices and growing expectations that domestic jobsdata due later this week could be better than expected.
Every 13 seconds in America, there is another foreclosure filing.
That's the rhythm of a crisis that threatens to choke off hopes for a recovery in the U.S. housing market as it destroys hundreds of billions of dollars in property values a year.
Akbank (AKBNK.IS) General Manager Ziya Akkurt said on Thursday the Turkish lender would target 15-16 percent loan growth in 2010, outstripping banking sector growth as a whole, which he forecast at 12-13 percent.
Deutsche Bank began coverage of Goldman Sachs Group Inc (GS.N) and Morgan Stanley (MS.N) with buy, and said the two U.S. banks will stay well capitalized even under the likely increased regulatory capital requirements.
Hong Kong stocks rose for a fourth day on Thursday, with HSBC (0005.HK) advancing after itresumed talks with Royal Bank of Scotland (RBS.L) over thepurchase of RBS units in Asia.
European shares were higher in early trade on Thursday as a surprise quarterly profit from U.S. aluminium group Alcoa (AA.N) boosted market sentiment, with banks and mining stocks the biggest gainers.
A group of creditors led by Bank of Nova Scotia (BNS.TO) will run the daily newspapers owned by Canwest Global Communications Corp (CGS.TO), which announced a long-awaited recapitalization plan this week, the Globe and Mail reported on its website.
The Aussie dollar pulled back from its early morning highs above 89 cents yesterday dipping to an intraday low of 0.8865 following slightly softer than forecast Home Loan data. The markets insatiable desire for the AUD resurfaced however as it bounced back to eventually exchange at an overnight high near 0.8950, its highest level since early August 2008.
The dollar gained against the euro and a basket of major currencies on Wednesday as optimism following Australia's interest rate hike fizzled out and traders said the greenback's recent decline was overdone.
The following are key comments from Hungarian Prime Minister Gordon Bajnai in an interview with Reuters on Wednesday.
European shares were lower at midday on Wednesday after sharp gains in the previous session on global economic recovery hopes, with banking and industrial engineering shares leading the decline.
Britain's top share index eased in mid-session trade on Wednesday, with weakness in energy and food retailers offsetting some strength in miners and banks, as investors await the start of the third-quarter corporate results season in the United States.
* U.S. stock index futures pointed to a higher open for Wall Street on Wednesday, extending the previous session's sharp gains and ahead of the start of third-quarter earnings season, with aluminium group Alcoa (AA.N) the first in line.
Americans will have to save more in the future, transforming the global economy, and Europeans and Japanese must work to boost domestic demand, U.S. Treasury Secretary Timothy Geithner was quoted as saying on Wednesday.
Vivendi (VIV.PA) is likely to sell its 20 percent stake in media company NBC Universal (NBCU) and may discuss the matter at a board meeting on Oct. 14, a source close to the situation told Reuters on Wednesday.
European shares edged higher in early trade on Wednesday, building on a major gain in the previous session, with miners among the biggest risers. At 0838 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was up 0.2 percent at 995.15 points.
