AT A DISCOUNT
This particularly points to a stock which is sold for lower than its par or nominal value. At a discount also connotes to stocks or other securities that are sold beneath the present market value, the same to a sale on goods at a retail establishment.
The par or nominal value for a security, specified in the company charter, is the lowest price that a stock of a specific class can be sold after an initial public offering. Majority of states have laws restricting companies from issuing stocks at a price less than par.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Tertiary Industry Index | Apr | |
| 08:00 | Wholesale Price Index | May | |
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:00 | Trade Balance | Apr | |
| 11:00 | Current Account (sa) | Apr | |
| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
