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") .
US stocks have surged to new record highs overnight on Wall Street following better than expected earnings from a raft of companies including Twitter. But Chinese stocks saw their first two-day losing streak in over a month after mainland authorities signalled less economic stimulus going forward and more emphasis on structural reforms.
The price of oil hit a 2019 high after the Trump Administration announced a further clampdown on Iran’s oil exports. The Trump Administration said Monday that from May 1, it would eliminate all waivers allowing eight economies, including China, India, Japan and South Korea, to buy Iranian oil without facing US sanctions. China has formally complained to the US over its decision to end the waivers.
On today’s Money Talk, we’re joined by Tariq Dennison of GFM Asset Management, Hannah Anderson from JP Morgan Asset Management and on the phone from Washington D.C., RTHK’s International Economics Correspondent, Barry Wood.
24/04/2019 - 8:08 Business and Market Discussions
Tariq Dennison, Portfolio Manager at GFM Asset Management, does not see comparisons between US stocks valuations today and the tech bubble of the late 1990’s.
Hannah Anderson, Global Market Strategist from JP Morgan Asset Management, says that the spectre of policy tightening from Chinese authorities will cap further market gain in Chinese A-shares.
RTHK’s International Economics Correspondent Barry Wood comments that the Fed's decision not to raise rates for the rest of 2019 has been largely responsible for US stocks reaching all-time highs.
After the most divisive US midterm elections in recent history, the Democrats have retaken control of the House of Representatives giving them the ability to thwart Presidential Trump’s legislative agenda for the remainder of his first term. However, Republicans have increased their majority in the Senate. President Trump offered to work with Democrats on legislative priorities but threatened to retaliate if they launched investigations into him. US stocks rallied after the results but the dollar sold off.
The latest data from the mainland shows China’s foreign exchange reserves dropped by a bigger than expected US$34 billion in October. That was the worst monthly decline since late 2016.
The People's Bank of China has warned of high leverage and complex financing methods of financial holding companies, which refer to non-financial companies that take control of financial institutions. The PBOC said their expansion poses systemic risks and it will impose more stringent rules on five such companies including Alibaba’s Ant Financial, Tencent and JD.com.
Later today, the Fed will conclude its two-day monetary policy meeting and is widely expected to leave interest rates unchanged. Inflation expectations have been lowered by the sharp fall in the price of oil over the past month, easing pressure on the FOMC.
Joining today’s Money Talk to discuss the latest business and finance headlines are personal wealth advisor, Enzio von Pfeil and Nitin Dialdas from Mandarin Capital. Providing his analysis of the US midterm election results is Nick Wright, Partner and Campaigns Director, from Luntz Global.
08/11/2018 - 8:08 Business and Market Discussions
Personal Wealth Advisor Enzio von Pfeil expects that the excess supply of goods in the US will become pronounced in the second half of next year and the Fed is expected to continue the fiscal tightening.
Nitin Dialdas, Chief Investment Officer from Mandarin Capital says that the rally in US stocks after the midterm elections was because an uncertainty has been removed.
08/11/2018 - 8:20 US Mid-Term Election