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") .
Inflation in the US has come in stronger than expected last month and retail sales have disappointed. That has sent Treasury bond yields to their highest levels in 4 years but stocks on Wall Street have staged a comeback from an early sell off.
Japan has seen its eighth consecutive quarter of economic growth, the longest period since 1989. The Japanese yen broke above ¥107 against the dollar for the first time since November 2016 after the data release.
In a further escalation of trade tensions between the US and China, the US Commerce Department says Chinese manufacturers of cast iron pipe fittings have dumped products in the US below cost. President Trump will decide later this year whether to impose tariffs as a result.
China has increased subsidies for electric cars in a move designed to encourage the production of green vehicles. However, Tesla’s efforts to open a manufacturing plant in Shanghai have stalled over ownership issues. Foreign car makers must partner with a local firm under mainland law but Tesla wants to have complete ownership of its factory.
On today’s Money Talk we’re joined by Sunil Kashyap of ScotiaMocatta and Tariq Dennison from GFM Asset Management. On the phone from Taipei is Taiwan-based political analyst Ross Feingold.
15/02/2018 - 8:08 Business and Market Discussion
Sunil Kashyap, Head of Asia at ScotiaMocatta, is concerned about whether the European Central Bank can pick up the signs of inflation and act quickly enough to combat it.
Tariq Dennison, Portfolio Manager from GFM Asset Management, comments that the tax cut in the US can hopefully bring a fiscal stimulus helping with a rise in wages and increased consumer spending.
15/02/2018 - 8:25 View from Taiwan
US stocks have rebounded on Wall Street after President Donald Trump unveiled a $1.5 trillion infrastructure rebuilding plan. But the US budget for 2018/19 reveals that deficits will continue for at least another 20 years. Chinese stocks have also rallied after authorities urged funds to refrain from selling and ordered brokers to provide them with their trading plans for the week.
In Singapore, shares in exchange operator SGX tumbled over 7% after India’s main exchanges said they would no longer provide data to foreign bourses in order to prevent the growth of overseas listed derivatives on Indian benchmark indices, a major source of revenue for the SGX.
New loans made by Chinese banks hit a record high last month as the crackdown on shadow banking caused companies to turn to more traditional forms of lending.
This morning’s guests on Money Talk are Karine Hirn from East Capital and Ian Hui of JP Morgan Asset Management. Providing the view from Japan is Marcel Thieliant at Capital Economics.
13/02/2018 - 8:07 Business and Market Discussion
Talking about the US infrastructure spending plans, Karine Hirn, Partner at East Capital, comments that the Chinese government is spending far more and acting much quicker than the US authorities on infrastructure projects.
Ian Hui, Global Market Strategist from JP Morgan Asset Management, expects that after the US Congress has passed an infrastructure bill, the outcome will be very different from what President Trump originally announced.
13/02/2018 - 8:24 View from Japan
Marcel Thieliant, Senior Japan Economist at Capital Economics, expects that the Bank of Japan’s Governor Haruhiko Kuroda will likely be re-appointed for a second term, and Mr. Thieliant adds that the bank's Executive Director Masayoshi Amamiya will probably get one of the bank’s two Deputy Governor positions.