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 Fed looks set to defy Donald Trump and continue raising interest rates. The minutes of the central bank’s September monetary policy meeting show a unanimous decision to raise rates by 25bps with several members seeing a need to continue raising rates beyond the long-run level.
The US Treasury department has backed away from naming China as a currency manipulator in its latest report on the currency practices of its foreign trade partners. No country was designated a currency manipulator, but China remains on the watch list along with Japan, South Korea, India, Germany and Switzerland.
The US says it intends to negotiate three separate trade agreements with Japan, the UK and the EU. However, trade discussions with the EU to eliminate trade barriers on non-automotive industrial goods, following an agreement between Donald Trump and European Commission president Jean-Claude Juncker over the summer, have hit a roadblock with both sides accusing the other of dragging their feet.
The US said it would negotiate a free trade agreement with the UK as soon as it leaves the EU. However, Brexit negotiations are deadlocked, and European Council President Donald Tusk said he had "no grounds for optimism." UK Prime Minister Theresa May addressed the EU27 leaders in Brussels last night but had no new proposals over how to avoid a hard border between Northern Ireland and the Irish Republic.
On Money Talk we’re joined by our regular commentator and personal wealth advisor, Enzio von Pfeil along with Jack Siu from Credit Suisse. On the phone from Taipei is Ross Feingold, senior advisor for D.C. International Advisory.
18/10/2018 - 8:08 Business and Market Discussions
Personal Wealth Advisor Enzio von Pfeil comments on Donald Trump's remarks that the US Fed is his biggest threat because it is raising rates too fast. Mr von Pfeil says the real threat is President Trump himself who risks inflation because of rising oil prices and tariffs.
Jack Siu, Director & Senior Investment Strategist for Asia Pacific, Credit Suisse says the efforts made by the Shenzhen government to support listed companies hurt by the market collapse could help stabilise the stock market.
18/10/2018 - 8:20 View from Taiwan
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