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 White House has reported this morning that President Trump will sign a spending bill to keep the government open but at the same time will declare a national emergency to bypass Congress and build a border wall.
US retail sales showed a surprise fall of 1.2% in December, the worst drop in 9 years. The data adds to evidence that the US economy is slowing with the consumer no longer enjoying tax cuts and facing higher oil prices.
China’s trade data in January has come in much stronger than expected. But trade with the US has fallen sharply as the effects of the trade war take hold. Bloomberg is reporting that President Trump is considering pushing back the deadline for the imposition of higher tariffs on Chinese goods by 60 days, to give negotiations more time to continue. The news agency is also reporting that trade negotiators for the US and China have made little progress in talks in Beijing with the two sides deadlocked over structural reforms to the Chinese economy demanded by the US.
Our expert analysis this morning is provided by Francis Lun of GEO Securities and Pete Sweeney at Reuters Breakingviews. Providing the view from down under is Toby Lawson from Societe Generale Australia.
15/02/2019 - 8:08 Business and Market Discussions
Francis Lun, CEO of GEO Securities, comments that the local stock market is not as deep as it used to be, and so turnover did not soar as expected after the listing of tech giants such as Xiaomi.
Pete Sweeney, Asia Editor at Reuters Breakingviews, says that he feels suspicious about the rise in Chinese exports, while exports from Taiwan, South Korea and Hong Kong did not increase.
15/02/2019 - 8:25 View from Australia
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