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") .
Ahead of tomorrow’s interest rate decision from the Federal Reserve, President Trump has warned the US central bank against making “yet another mistake.” He advised the monetary policy committee to “feel the market” as US stocks moved closer to a 2018 low this week.
Business confidence in Germany has sunk to the lowest level in more than two years, according to a survey from the Ifo Economic Institute. Trade friction, Brexit, and slower global growth are slowing the nine-year upswing in Germany’s economy and business expectations fell to a four-year low.Our panel of guests this morning consists of Marc Franklin from Conning Asia Pacific, Independent Analyst Andrew Sullivan and from Washington D.C., RTHK’s International Economics Correspondent, Barry Wood.
19/12/2018 - 8:08 Business and Market Discussions
Marc Franklin, Senior Portfolio Manager from Conning Asia Pacific says President Xi Jinping and the Chinese communist party's credibility are being questioned because of the sharp economic slowdown and the lack of progress in trade talks between China and US.
Independent Analyst Andrew Sullivan forecasts opportunities in Vietnam and Cambodia in 2019 as companies relocate their factories there because of the trade war.
RTHK’s International Economics Correspondent, Barry Wood says the US Federal Reserve is probably at the end of its tightening cycle and he expects that this will be last rate hike. Mr Wood also forecasts that a trade agreement will be reached between the US and China in 2019.
The US led 3 country coalition attacks on chemical weapons facilities in Syria are leading to a nervous opening for stocks this morning in Asia. Traders are also watching the oil markets to see if the oil price which is already close to a 4-year high spikes further in response to the Middle East tensions.
The Hong Kong Monetary Authority intervened for the second day in a row on Friday to support the Hong Kong dollar which is at a 35-year low. The intervention continued into London and New York trading hours but it has failed to lift the local currency which remains firmly rooted at the lower end of its trading band this morning.
Singapore's central bank, the Monetary Authority of Singapore, tightened monetary policy for the first time in 2 yearson Friday. The move came after economic data showed Singapore’s GDP growing by 4.3% year on year in the first quarter. The era of cheap money is also coming to an end on the mainland. Credit growth slowed by 20% in the first quarter. The latest economic data also showed China surprisingly posting its first trade deficit in over a year. However, the trade deficit with the US has widened further.
Joining today’s Money Talk are Alex Wong from Ample Capital and Ian Hui of JP Morgan Asset Management. We’ll also talk about the role the Hong Kong government is playing in developing the territory as a smart city and FinTech hub with the SAR government’s Chief Information Officer, Allen Yeung.
16/04/2018 - 8:07 Business and Market Discussion
Alex Wong, Director of Asset Management at Ample Capital, says that the plan to introduce Chinese Depositary Receipts is affecting the performance of big cap stocks on the mainland and Mr. Wong advises investors to wait until the market stabilises before buying.
Ian Hui, Global Market Strategist from JP Morgan Asset Management, comments that the fall of the Hong Kong dollar to the bottom of its trading band is not a worrying situation but he expects local interest rates to rise.
16/04/2018 - 8:19 Allen Yeung : Chief Information Officer