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 email@example.com, 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
Hong Kong’s economy rebounded sharply in the first quarter, after declining for a record six quarters, posting year-on-year growth of 7.8% growth. That was the fastest pace in 11 years. The quarter-on-quarter expansion reached 5.3%, well above economists’ forecasts of 0.7%. Financial Secretary Paul Chan estimates the economy will expand 3.5% to 5.5% in 2021.
04/05/2021 - 8:09am Business and Market Discussion
Michelle Lam, Greater China Economist at Societe Generale Corporate and Investment Banking is expecting the Hong Kong economy to show a 5% growth rate in 2021, but that depends on the border opening to mainland and international visitors.
Louisa Fok, China Equity Strategist at Bank of Singapore thinks that the rebound in Hong Kong’s economy has been uneven and further recovery will depend on the vaccination programme.
04/05/2021 - 8:23am View from Japan