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") .
The on-off summit between Donald Trump and Kim Jong-un in Singapore on June 12, could be back on again. President Trump issued an optimistic statement saying “very productive talks" have been held with North Korea on reinstating the summit with leader Kim Jong-un. U.S. and North Korean officials met over the weekend in the demilitarised zone to plan details of the meeting. Kim Jong-un said it was his "fixed will" that the summit with President Trump should go ahead in a surprise second meeting between the leaders of North and South Korea that took place on Saturday.
Political uncertainties in Italy and Spain have jolted European markets. The euro fell to a 6-month low and Italian and Spanish stocks and bonds tumbled with investors fleeing to the safety of U.S. Treasuries. Italy looks set for new elections after the country’s President yesterday blocked the formation of a new government on concerns the anti-establishment coalition could endanger euro membership.
Donald Trump looks set to lift crippling sanctions on Shenzhen-based telecom equipment maker ZTE in return for the company paying a $1.3 billion fine, changing its management and board and providing security guarantees.
The price of crude oil saw its biggest one day fall in almost a year after Saudi Arabia and Russia agreed to boost production to offset the disruption to supplies from sanctions against Iran and Venezuela. Elsewhere in the markets U.S. stocks were almost unchanged over the week. However, Hong Kong shares saw their worst week since March.
On today’s Money Talk, Alex Wong of Ample Capital and Hannah Anderson, from JP Morgan Asset Management give us their analysis of the latest business and finance news. Providing the view from the mainland is Brock Silvers of Kaiyuan Capital in Beijing.
28/05/2018 - 8:09 Business and Market Discussion
Alex Wong, Director of Asset Management at Ample Capital, says that investors are optimistic about the US-North Korea summit. However Mr. Wong expects that the meeting will only cause a limited market reaction.
Hannah Anderson, Global Market Strategist at JP Morgan Asset Management, expects the US dollar to move higher against the Euro and most emerging market currencies, and the rally could last for the next couple of months.
28/05/2018 - 8:25 View From China
It’s been a roller coaster week on the world’s stock markets that’s seen $3 trillion wiped off the value of US equities. The Dow traveled a total of 22,000 points last week falling over 12% from its peak putting it in a technical correction. The CBOE volatility index, the Vix, doubled over the past 5 trading days.
In the US, a prolonged shutdown of the government has been averted after lawmakers voted to pass a two-year budget. However, the latest finance bill will add more than $300 billion to the government’s spending over the next two years fueling fears over the budget deficit which is expected to increase by over $1 trillion over the next 10 years.
Hong Kong has the opposite problem. Financial Secretary Paul Chan is expected to announce a budget surplus as much as 5 times his original estimate of HK$16.3 billion in his budget on February 28. Chief Executive, Carrie Lam said on Friday that the budget could be “full of surprises”, with economic growth set to surpass 3.7% for 2017.
On today's Money Talk, we keep close track of the turbulence in the financial markets with Alex Wong, Director of Asset Management from Ample Capital and Alex Frew Mcmillan, writer at Dragonfly Media. Providing a view from the mainland is Yanan Wu, Chairman of Zhen Rong Bao.
12/02/2018 - 8:09 Business and Market Discussion
Alex Wong, Director of Asset Management from Ample Capital, warns investors to pay close attention to the Hong Kong economy since Asian stock markets are extremely weak at the moment.
Alex Frew Mcmillan, writer at Dragonfly Media, comments that Chinese economic growth is surprising and has lasted longer than expected.
12/02/2018 - 8:23 View from China