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 every weekday morning 8 to 8:30 a.m. 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 "MoneytalkRadio3") .
The death toll from the China coronavirus outbreak has risen to 106, and the number of people infected has jumped to close to 4,700. Most of the fatalities are in Wuhan and the surrounding province of Hubei, the outbreak’s epicentre.
Hong Kong Chief Executive Carrie Lam said that rail and ferry services to the mainland would be suspended from tomorrow and the number of flights would be halved. Several border checkpoints will be closed but the flow of goods will not be interrupted.
The Shanghai government and the Guangdong provincial authorities have ordered companies in their regions not to resume operations before February 9. The Shanghai and Shenzhen Stock Exchanges will delay the reopening of the A-share market until Monday.
The US Federal Reserve will wrap up its first monetary policy meeting of the year later today. President Trump tweeted that “the Fed should get smart and lower the rate to make our interest competitive with other countries which pay much lower.”
On today’s Money we’re joined by Khiem Do at Baring Asset Management, Will Denyer from Gavekal and on the phone from Washington D.C., RTHK’s International Economics Correspondent, Barry Wood.
Consumer price inflation in the US increased by the most in a year and a half last month. Core consumer prices rose 0.3% in June and by 2.1% on an annual basis.
Minutes from the ECB’s last Governing Council meeting in June showed members in “broad agreement” that the bank should be “ready and prepared” to launch new stimulus measures, because of “heightened uncertainty” over the EU economy. Money markets are pricing in an 80% chance of a cut in the ECB’s deposit rate this month or in September.
France has approved a new digital services tax which will make a levy of 3% of the sales made in the country by large technology companies such as Google and Facebook. The Trump administration has ordered an inquiry into the move, which could result in retaliatory tariffs on French goods.
On today’s Money Talk we’re joined by Francis Lun of GEO Securities and Kenny Wen at Everbright Sun Hung Kai. Providing the view from down under is Toby Lawson from Societe Generale Australia.
12/07/2019 - 8.08am Business and Market Discussions
Francis Lun, CEO of GEO Securities thinks that the protests in Hong Kong will have a big impact on the city’s economy.
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai expects a quarter point rate cut from the Fed in July but the US central bank needs to dampen market expectations for further cuts.
12/07/2019 - 8.23 am View from Australia