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
Retail sales in Hong Kong fell short of expectations, rising 20.1% year-on-year in March. Economists had been expecting a rise of 34%, an improvement on the 30% growth seen in February. Sales, which were provisionally estimated at HK$27.6 billion, have risen for two consecutive months.
05/05/2021 - 8:08am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust thinks that Hong Kong’s economic recovery is quite steady as people are actively spending in shops and restaurants even without tourists.
Patrick Bennett, Macro Strategist, CIBC World Markets questions the SAR's policies towards encouraging inoculation and thinks that quarantine periods should be shortened.
RTHK's International Economics Correspondent is positive on the US's rapid 'V-shaped' recovery and expects GDP to return pre-pandemic rates by the end of the year.