Peter Lewis: A fast moving and topical business and finance show.
A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live from 8 a.m. to 8.30 a.m. every weekday morning on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .
It normally takes a day or so for investors to decide how to interpret a Fed rate decision. The early indications are that markets are starting to take the prospects of Fed tightening seriously. The biggest beneficiary has been the US dollar which has continued its rally in morning Asian trading. Gold and gold mining shares have drifted lower impacted by the firmer dollar. The weaker yen has sent Japanese stocks higher.
The Hong Kong Monetary Authority warned on Thursday that the impact of the decision by the US Federal Reserve to start unwinding its massive balance sheet was still uncertain and may have an effect on international financial markets, including capital flows and leading to more volatile asset prices.
The Bank of Japan has left interest rates unchanged following its monetary policy meeting. The surprise was the vote was not unanimous with the newest board member Goushi Kataoka objecting. He said effects of the current yield curve program weren’t strong enough. The BOJ is now 1 year into its novel monetary policy experiment of targeting a ten year JGB yield of zero. That has certainly been more successful than achieving its target of 2% inflation.
Google has struck a $1.1bn deal with Taiwan's HTC to expand its smartphone business. Google will not take a stake in the company but HTC staff will join Google and Google will receive a non-exclusive license for HTC intellectual property. HTC shares are suspended in Taipei.
Investment bank China International Capital Corp jumped 19% at the open in Hong Kong after Tencent announced it had taken a 5% stake and would enter into “strategic cooperation” with CICC.
Joining Friday’s Money Talk are Francis Lun, CEO of GEO Securities and Vincent Lam, Chief Investment Officer at VL Asset Management. On the phone from Sydney is Toby Lawson, CEO of Societe Generale Securities Australia. (8am-8.30am, email to email@example.com)
22/09/2017 - 8:08 Business and Market Discussion
22/09/2017 - 8:22 View from Australia
Good morning. The Fed has left interest rates unchanged following its latest monetary policy meeting and will start reducing its $4.5 trillion balance sheet “relatively soon.” In the markets US stocks have hit new all-time highs and the euro has surged to a 2 and-a-half year high. Shares in Facebook have hit a new record high in after-hours trading after reporting a 71% increase in earnings.
Taiwanese iphone maker Foxconn has announced plans to invest $10 billion in a new manufacturing facility in the US state of Wisconsin that will eventually create up to 13,000 jobs.
Joining today’s Money Talk are Enzio von Pfeil of Odyssey Capital and Patrick Bennett from CIBC. Maurice Lu from Sinopac Futures gives us a view from Taiwan. After 8:30 we examine the state of Chinese manufacturing with Professor Albert Park from Hong Kong University of Science and Technology.
The IMF earlier this week forecast that India would be one of the fastest growing regions in the world. To give us his outlook for India we’re joined by Naveen Kulkarni, Co-Head of Institutional Equity Research at Phillip Capital in Mumbai. (8am-9am, email to firstname.lastname@example.org)
27/07/2017 - 08:08 Market Discussion
27/07/2017 - 08:33 Challenges facing Chinese Manufacturers
27/07/2017 - 08:45 Emerging Country Focus: India