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 European Central Bank has left interest rates on hold at minus 0.5% and its €1.85tn emergency bond-buying programme unchanged in its first meeting since agreeing on a new monetary policy strategy earlier this month. The ECB set a new symmetric 2% inflation target as part of its first review of its strategy since 2003. But governing council members yesterday were divided on the implementation of the strategy with some saying its commitment to tolerate a moderate and transitory overshoot of its price growth target, increased the risk of inflation surging above its target.
23/07/2021 - 8:10am Business and Market Discussion
John Schofield, Managing Director of Tempus Investment notes that the underperformance in the Hong Kong stock market is due to the crackdown on technology companies in mainland China, and uncertainty over US-China relations.
Patrick Bennett, Macro Strategist at CIBC World Markets notes that there are large amounts of liquidity pouring into the global markets and he thinks that interest rates will remain low for some time.
23/07/2021 - 8:24am View from Australia
Technology shares have tumbled in Hong Kong and the US as the Bloomberg Commodity Index rose to the highest level since 2013, raising the spectre of inflation. In Hong Kong, the Hang Seng Tech Index plunged 5.5%, in the worst-sell off since mid-November. In the US, the NASDAQ Composite Index tumbled 2.5% to a 3-week low.
23/02/2021 - 8:09am Business and Market Discussion
Dickie Wong, Head of Research at Kingston Securities, is concerned about rising inflation expectations in the markets and believes that investors are too optimistic about the economic outlook in Mainland China.
Alex Frew McMillian, Writer at Dragonfly Media, thinks that the large amounts of technology stocks being sold is due to retail investors.
23/02/2021 - 8:25am View from South Korea