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") .
Producer price rises in the US have added to inflation fears as the wholesale cost of goods and services rose more than forecast last month. The US producer price index rose 6.2% in April from the same period a year ago, exceeding economists’ forecasts for a 5.9% annual increase. Month-on-month the advance was 0.6%. Core producer prices, which strip out volatile food and energy prices, rose 4.1% from a year ago and 0.7% from the previous month, also exceeding economists’ expectations.
14/05/2021 - 8:10am Business and Market Discussion
Francis Lun, CEO of GEO Securities suggests that the US Federal Reserve has underestimated the rising prices in commodities and tight labour market, and thinks that interest rates will have to be increased to combat inflation.
Peter Churchouse, Founder of Portwood Capital says that emerging markets earnings are expected to increase by 36%, and feels that the earnings recovery can drive the equities market higher.
14/05/2021 - 8:24am View from India
The latest official PMI data from China showed business sentiment down more than expected and suggests that the rebound in the mainland economy may be slowing. China's official manufacturing PMI for April came in at 51.1, compared to expectations of 51.8 and March’s reading of 51.9. The non-manufacturing survey gauge dropped from 56.3 in March to 54.9 in April, also missing expectations.
03/05/2021 - 8:09am Business and Market Discussion
Alex Wong, Director of Asset Management at Ample Capital thinks that Taiwan has a long term advantage in terms of semiconductor technology, and it may have an almost global monopoly on production for the next few years.
Alex Frew McMillan, Writer at Dragonfly Media thinks that Chinese consumers are hesitant to spend on consumer goods, as some might be worried about the pandemic and also are concerned about the job market.
03/05/2021 - 8:24am View from mainland China