Down 1 10 of 1 on the s p 500. The euro is firmer. 250 on thestable at 10 year. Alix 100 Day Moving Average is down by 1 1 10 of 1 . Oil continuing its down slide, now off by only 1 , nine days out of the last 11. What a losing streak . Deutsche bank will issue a near 700 million new shares in an effort to raise 800 billion euros in capital. They will boost revenue after spending almost two years navigating legal protein cutting back risks. With us now is michael moore, finance reporter. Walk us through what we have. Weve got the pricing on the capital raise. It was in line with what most people were expecting, a 45 discount. Deutsche put out their annual report. Most of it is backwards looking into 2016 but they did have a 2017 outlook in the key take away their was the revenue being broadly flat. It is a negative given how bullish they were on the start of the year in trading. Jon it is an 8 billion euros share sale. But it has been offered at a deep discount of 35 . Banks typically
30 minutes into the trading day, lets head to julie hyman with the latest. Julie stocks extending yesterdays gains. People still that jesting what janet yellen had to say yesterday, confirming the idea that the fed is not going to raise rates in june on the heels of fridays jobs report. It is a commodity led rally, at least energy led rally. The nasdaq is just eking out again. S pe have been noting, the is 1 away from a record close, which is about 2130. It is 2134 on intraday basis. The dow rising by 62 and a half points. Energy is once again in the top spot. Industrials also doing well. Health care is the biggest drag on a lot of different corporate stories. We will get to one of those in just the second, but i didnt want to note that apple is rallying for the second straight day. We talked about making a strong month for apple and its recovery helping the averages overall. It is the largest weighted stock. Isr the two day, it helping stocks going higher. Biogen coming out and saying
Wagging. Wagging. Kit juckes will join us in a moment. Jonathan looking at the msci world index global stocks, and august 2015 hi. 600 aope, the stoxx january 2016 high up one quarter of 1 . The story in the fx market is a little bit of dollar softness. We come in 2 10 of 1 . The cable rate pushes up to one point at 133. A fifth straight day of gains. The discussion for this program in the next 10 minutes, are the bears in the u. K. Starting to capitulate . In the bond market, the bulls are not capitulating. Crude gets back to work with a little bit of rally and russia joins the output. In the bond market, the story of last week, the long end of the jgb curve, the worst week for 30 year japanese Government Bonds, yields coming in three basis points from the session. The focus is whether the boj and governor kuroda allow the yield curve to steepen and hopefully assist the banks to make a little bit of money. David they have been waiting for that in japan and it has been tough. Lets chec