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you can credit oil prices for this. joe: an impressive turnaround, we started off in the red. futures offered opened negative. all,morning markets took so quite a strong day. a little off the highs, but not much. apple was the biggest gainer on the dow. warren buffett giving a vote of dashboard of confidence. and almost 0.2% stake but to be fair there was a separate regulatory filing. associate a t company like apple with a company like archer. one interesting thing, check out after that week chinese data, australia s 10 year yield hitting an all-time low. maybe it will go down lower. you can see why there s demand for. also anxiety over the british pound, no let up there. it did come back a bit. the other notable thing you were pointing out is the south african rand. the two-month low versus the dollar. reports are police are set to arrest the finance minister. that s not a story want out there when there s already major concerns about government stability. oil havin ....
things that goes to john cryer. we are less than 30 minutes away from the european equity market open. let s ticket look at the terminal and show you a bloomberg is telling us about what that open will look like in 29 minutes time. it looks like the market is going to be opening on the front foot. a positive open for europe this morning. around .6% for the london stocks . london and paris are slagging a little bit. european markets were fairly flat yesterday. as a result of which, if fairly decent start to the day. what else is going on, matt? matt: you are seeing the aussi job by the most in more than a month after we got the minutes back from the rba meeting, suggesting they will stay put for the next meeting to look and see what their moves have done so far. crude oil jumping to basically a six-month high. look at nymex crude. u.s.eculations that stockpiles will continue to fall. and then gold down. we have more big names added to the gold pile. we have heard from dr ....
anna: a very warm welcome everybody. this wednesday morning. i am anna and words. edwards. moving the markets, two of them, san francisco john williams and the conclusion being that at least two interest rate hikes may be warranted in 2016 because of the expansion in the economy. and inflation increasing. over a goldman sachs, there is a chart over the two-year spread in the u.s. on the bloomberg. they re warning bond investors that they need be more prepared for the fed to increase interest rates. bill gross of course did something similar earlier on shouldnth, markets not count the fed out. what we re seeing here is the increased demand for long-term debt, at least seeing a decrease over the two year yield. that spread is the smallest since 2007. it seems that in some senses, markets are not repairing a big difference between what we are seeing in the rhetoric from the fed. not all of the assets have been reacting a great deal to what we heard from the fed, i should ....
planned sales tax increase the o suzuki shares cross increase? suzuki shares crash. who is next? that is the big question. we are going to kick that around. we need to talk about the fed. the markets are paying attention to these guys. they don t have a vote. why is the market listening? matt: this is really what is moving markets around the world. we saw asian markets down. the u.s. cash trade was down on this. there is a political event in washington, d.c. where all three of those nonvoting fed members are speaking. i think the reason the market is listening is because of shock. they are not only saying june, not only do we expect two rate increases but possibly three. both lockhart and williams said two or three. that is pretty astounding since the market was only expecting one at the most. interesting what is is, where do you go to for information on the fed? this is one of the things i m looking at this morning. the functionk at on the terminal, the probability of ....
first of all, we have a great show aligned up. joining us for the hour is allia nz chief investment officer and ceo. it will be great to get an update. first thing first. let s check on the markets. we also have a little bit of breaking news from south africa. this is what european stocks are doing, down 0.5%. dollar strengthening against all thets major perrs oers on prospect of a u.s. interest rate hike. japanese shares, weighing whether better than expected economic growth reduces the need for stimulus. then we had the cpi figure in south africa rising. in line with what economists were expecting. the finance minister, that may be putting pressure on the rand, 15.81 against the dollar. let s get to first neword news. in governments and consumer spending compensated for slighted business investment. gdp expanded by 1.7% to the end of march, exceeding all forecasts. meanwhile, the october to december quarter was revised to 1.7% contraction, worse than previous estimate ....