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 email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .
US stocks have rallied after James Bullard, president of the St Louis Fed, warned that the Fed needed to be careful not to raise rates too fast this year to avoid slowing the economy too much. That sent shares on Wall Street soaring higher in early trade only for them to give up most of those gains by the close.
The minutes of the last European Central Bank meeting show policy makers in the Eurozone concerned about the strength of the euro and fearing that the Trump Administration was deliberately trying to engage in currency wars.
A top diplomat at the US Treasury said that the US must do more to confront China on trade. David Malpass, the Treasury's undersecretary for international affairs, accused Beijing of “patently non-market behaviour” and said that economic liberalisation on the mainland had gone into reverse.
China's tourism industry earned revenue of 475bn yuan ($75bn) during the Lunar New Year holiday, up 12.6% from the previous year. Chinese holidaymakers made 390 million passenger trips by rail during the week long holiday and spent $146 billion in retail sales and $850 million on movie tickets. 800 million Tencent users sent digital red envelopes and shared nearly 3 billion posts on line.
Joining today’s programme are Francis Lun of GEO Securities and Kenny Wen from Everbright Sun Hung Kai. Providing the view from Australia is Toby Lawson at Societe Generale in Sydney.
23/02/2018 - 8:08 Business and Market Discussion
Francis Lun, the CEO of GEO Securities, is of the view that the Hong Kong government should halve the local tax rate from 15% to 7.5% in this year's Budget.
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai, advises investors to prepare for another correction in stocks once the U.S.10-year treasury yield reaches 3%.
23/02/2018 - 8:23 View from Australia
The wild swings in global stocks has continued for a fourth day with shares on Wall Street oscillating between losses and gains. US government bond yields have also jumped higher and are now almost back to where they were before the latest sell-off in shares began.
China has responded to the US Trump administration’s slapping of tariffs on imports of solar panels and washing machines by filing a complaint with the World Trade Organisation. China says the tariffs are not consistent with international trade rules.
US Senate leaders have reached a bipartisan budget deal that will keep the government funded for two years. It also significantly increases military and domestic spending by around $300 billion. However, the measure could face resistance in the House of Representatives.
German Chancellor Angela Merkel's conservatives and the Social Democrats have agreed in principle on a coalition deal. Germany has been unable to cobble a government together for four months, the longest period without a government since the second world war. The latest agreement seems likely to break the deadlock and lead to the formation of a new government by Easter.
On today’s programme, our regular Thursday guest, Enzio von Pfeil is joined by Steve Wang from CITIC CLSA. On the phone from Taipei is Maurice Lu of Sinopac Futures in Taiwan.
08/02/2018 - 8:08 Business and Market Discussion
Enzio von Pfeil comments that when he looks at his indicators, they show that the global “Economic Time” peaked last October and has been waning a little since then.
Steve Wang, Senior Credit Analyst at CITIC CLSA, says that the way for Chinese companies to counteract the impact of tariffs by the US, is to produce better products that can compete with American goods.
08/02/2018 - 8:24 View from Taiwan