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trading in a pretty tight range today. it feels as though they are waiting more direction. that said, stocks are new the highs of the day. earlier, we were offering we were saying major averages trade lower. on the plus side, we have the financials, which have been writing today along with technology. on the downside, consumer staples and consumer discretionary. apple is one of the stocks on the rise today. tony over a bernstein says the company could reach a trillion dollars in market cap if it shifts toward a subscription services type of model where people will pay a monthly fee for their iphone and other apple services rather than one lump sum for the iphone of front and so an interesting call and the stock is trading in the obit higher. we are watching the banks trade higher. they have been going up along with rates today. that is treasury yields on this outlook. perhaps some insight in the fed minutes that we will see in interest-rate sooner rather than later po ....
perception that the fed is going to be more aggressive and stocks are going up. it is also a strange world because that perception has not change between yesterday and today. stocks moved kind of sideways yesterday and they are rallying strongly today. major can see, all three averages are pretty much at their highs of the day. the nasdaq has been leading the way because of strength and technology shares today. it is a cyclically led rally today. though sectors most formidable to an economic recovery, so another words, if the us economy is recovering enough so the fed can raise rates, that is the perception driving stocks higher today. making new highs gradually, just a gradual trend upward as it is up by 1.3%. software stocks have been doing well with and technology. microsoft leading the way after upgrading shares to outperform at callan. traders overreacted to the company s last trading report, but things are not going poorly at microsoft. adobe in electronic arts ar ....
polls come to the welcome to the pulse. i am mark barton. a quick check on the mark on the market. monday here in the u k, the .25%, still down by on track for a weekly gain. the third monthly gain as well. that is the most since march 2015. index isberg spot marginally higher today. this month it has risen the most since september the 14, up by up by- september 2014, 3.6%. gold losing streak coming to an end. .t is a nine day losing streak longest streak in 14 months. still the biggest drop since november. the yield on the german tenure is up by a basis point today. we are awaiting the big cpi unemployment data out of the eurozone. in eurozone and hopefully 59 minutes. in hopefully 59 minutes. nejra: germany german unemployment decreased the number of people out of work fell by 11,000 to 2.69 5 million in may. the survey in the bloomberg was for a decline. volkswagen shares are down as the carmaker says it has seen a revenue down by as much as 5%. the comp ....
edwards. we will be joined by manus cranny from dubai. let us get to the risk radar can the last 24 hours or so. today s show brought you by the city of vienna. on the opec front and the ecb. putting aside for one moment, let us have a look at the asian session. the nikkei to do five down by 1.9%. it was down at one point by more than 2%, looking for the biggest drop around a month. and that is amid the wildly expected stimulus package by abe. level, towards that 109 perhaps more again strengthening this morning. a host of factors in here. here, boj,ax news in resident risk, all of that working its way to the japanese currency. and we have about her index in there for you. down two cents, and the page veryovernight, a keyword, often used in that report, 23 times mentioned in just six pages. setting up the jobs report tomorrow and the meeting on the 15th of june. let us to the bloomberg first word news. here is rishaad salamat. trading for a fifth day, opec ministers mee ....
we are seeing a clear risk aversion as the german bond yields are ever lower and the ecb buying corporate bonds. tom: we have some financial work with the yields lower. that began yesterday morning and it is grinding ever lower. we have the political news in the united states. francine: a packed day. it was a history making night for hillary clinton. she declared herself the winner in the race for the democratic presidential nomination, taking her the first woman to run as a candidate of a major u.s. party. tonight, victory is not about one person. it belongs to generations of women and men struggled and sacrificed and made this moment possible. shery: clinton won three of the six states that held primaries or caucuses tuesday, plus she has a big lead in california. meanwhile, bernie sanders says he is not giving up even though the math does not look good. he is said to meet with president obama tomorrow, who called clinton to congratulate her. another car bomb attack i ....