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") .
Stock markets in Asia, Europe and the US have fallen sharply on fears that inflation is set to pick up and concerns over high valuations. Some of the biggest falls occurred in Hong Kong, where the Hang Seng dived 2%, and the UK, where the FTSE 100 tumbled 2.5%. In China, the “National Team” appeared to step in during the afternoon session to stabilise the market.
12/05/2021 - 8:10am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust suggests that stimulus cheques and savings has kept the US economy motoring, and people are now spending more due to the easing of COVID-19 restrictions.
Andrew Freris, CEO of Ecognosis Advisory thinks that the decline in the birth rate and the ageing population in China will have no adverse effect on the economy if productivity improves.
RTHK’s International Economics Correspondent Barry Wood thinks that inflation in the US markets will be benign for the time being, but might jump higher in the coming months, leading to a rise in interest rates.
Manufacturing in China’s private sector grew at the fastest pace in nearly ten years in August. The Caixin/Markit manufacturing PMI came in at 53.1, compared to 52.8 in July. The survey reported the sub-indices for output and total new orders hit their highest levels since January 2011 and the gauge for new export orders also entered expansionary territory for the first time this year.
02/09/2020 - 8:08am Business and Market Discussion
David Roche, President of Independent Strategy highlights that China pumps money into corporations which helps the PMI survey, but the PMI gauge doesn't reflect rising wealth inequality.
Gavin Parry, Managing Director of Parry International Trading says that Warren Buffet's investments in Japan are a vote of confidence for the long term prospects of Japan's economy.
Barry Wood, RTHK's International Economics Correspondent views Tesla's shares price as being in a bubble but he has confidence in the long-term prospects for the electric car industry.