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") .
US consumer prices have climbed at the fastest pace in almost 13 years. The Consumer Price Index was 5% higher in May compared with a year ago, accelerating from a 4.2% annual rate of increase in April. The rise exceeded economists’ forecasts and is the fastest pace since hitting 5.4% in August 2008. Core CPI, which strips out volatile food and energy, rose 3.8% y/y in May, the most since 1992, following a 3% rise in April.
11/06/2021 - 8:08am Business and Market Discussion
Francis Lun, CEO of GEO Securities, thinks that consumer inflation in the US is temporary and is due to the imbalance in demand and supply.
Nick Marro, Lead for Global Trade & Analyst at The Economist Intelligence Unit, predicts that the G7 meeting will discuss topics beyond mainland China including climate change and global taxation.
11/06/2021 - 8:24am View from India
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.