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
Markets reopen on the mainland after the lunar new year holiday with all eyes on the continuing trade talks between the world’s two largest economies. China’s Ministry of Commerce confirmed over the weekend that Vice Premier Liu He will meet US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Beijing on Thursday and Friday of this week. However, President Trump confirmed that he won’t meet President Xi Jinping before the March 1 deadline for averting increasing tariffs on US$200 billion of Chinese goods.
San Francisco Federal Reserve President Mary Daly said on Friday that further US interest rate rises seem less necessary now than a few months ago and revealed that the Fed is currently discussing using QE as a regular tool, and not just during “emergencies.” That revelation sparked a rebound in US stocks on Friday off their lows and a rally in Treasuries.
Joining today’s Money Talk are Alex Wong of Ample Capital and Le Xia from BBVA Research. Providing the view from the mainland is Ben Cavender at the China Market Research Group in Shanghai.
11/02/2019 - 8:08 Business and Market Discussions
Alex Wong, Director of Asset Management at Ample Capital, expects that with the completion of new infrastructure projects, the local retail sector is likely to rebound and become one of the key sectors in supporting the Hong Kong economy.
Le Xia, Asian Chief Economist from BBVA Research, comments that China is in the middle of two battles - the trade war with the US and the domestic slowdown. He says China should further ease its monetary and stimulus policies in order to prevent a hard landing and reinforce investors' confidence.
11/02/2019 - 8:24 View from China