Peter Lewis: A fast moving and topical business and finance show.



    主持人:Peter Lewis

    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 moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .



    Business and Market Discussion / View from India

    The minutes of the Federal Reserve’s May meeting show policymakers debating the need for more rate hikes than currently anticipated. Fed officials discussed making multiple 50bps rate increases at the next several meetings to tackle surging inflation. They further noted that policy may have to move past the “neutral” level which is neither accommodative or restrictive to economic growth.

    On Wednesday, China held a national-level virtual meeting on economic stabilisation measures, attended by vice-premiers Liu He and Han Zheng, PBOC governor Yi Gang, tens of thousands of officials and carried by state TV. At the meeting, Premier Li Keqiang told attendees that the mainland economy could struggle to record positive growth in the current quarter, and he urged officials to help companies resume production after Covid-19 lockdowns and for the country to achieve “reasonable growth.” Premier Li said, the economy was “to some degree worse than” it had been at the start of the pandemic in early 2020, noting that unemployment for people aged 16 to 24 had reached a historic high of 18.2%. He also reported that corporate liquidations had surged more than 23% y/y in April, with private sector small- and medium-sized enterprises, which account for half or more of economic output and employment, the hardest hit. 
    Singapore’s Ministry of Trade & Industry said Wednesday that “the external demand outlook for the Singapore economy has weakened compared to three months ago.” The MIT said the country’s growth was likely to come in at the bottom end of its previous forecast of 3% to 5% in 2022 because of the war in Ukraine and continuing supply chain disruptions which was exacerbating inflation. 
    On today’s Money Talk, we’re joined by Personal Wealth Adviser Enzio Von Pfeil and Le Xia from BBVA Research. With a view from India is Toby Lawson, CEO of Societe Generale India. 

    26/05/2022 - 足本 Full (HKT 08:03 - 08:35)

    26/05/2022 - 8:08am Business and Market Discussion

    Personal Wealth Adviser Enzio Von Pfeil thinks that the city-wide lockdowns in mainland China are weighing heavily on the country's economy.

    Le Xia, Chief Asia Economist, BBVA Research believes that the US has a high chance of falling into recession this year.

    26/05/2022 - 8:24am View from India

    Toby Lawson, CEO of Societe Generale India reports that the current heatwave in the country has damaged crops and contributed to surging food prices.



    Business and Market Discussion

    主持人:Peter Lewis

    US stocks made another stunning comeback on Tuesday for the second day in a row as the major indices pared big losses late in the trading session. The Dow was down over 800 points in the morning session before recovering to close 67 points lower at 34,298. The S&P 500 fought its way back from a 2.8% loss to close down 1.2% at 4,356. The Nasdaq Composite Index, which was down 3.2% in the morning session, ended the day with losses of 2.3% at 13,539.
    The International Monetary Fund has cut its 2022 global growth forecast from 5.9% in 2021 to 4.4% in 2022, with this year’s figure being half a percentage point lower than previously estimated. The revised outlook was led by markdowns in the world’s two largest economies. The US is expected to grow 4.0% in 2022, 1.2 percentage points lower than previously forecast, as the Fed withdraws its monetary stimulus. China is predicted to grow 4.8% this year, down 0.8 percentage points from earlier estimates because of disruptions caused by its zero-Covid policy, as well as “projected financial stress” among its property developers.
    China’s Commerce Ministry said on Tuesday that the foreign trade situation will be grim in 2022, and warned of “unprecedented” difficulties ahead this year. Li Xingqian, head of the MOFCOM’s foreign trade department, said the faltering global recovery, due to Covid outbreaks, supply chain disruptions and rising inflation, will affect foreign trade. He warned some countries are cutting economic stimulus too fast which will lead to demand contractions and hit exports from Chinese industry in 2022.

    On Wednesday’s Money Talk we’re joined by Alicia Garcia Herrero, Chief Economist for Asia Pacific at Natixis, Carlos Casanova, Senior Asia Economist at UBP and RTHK’s International Economics Correspondent, Barry Wood.


    26/01/2022 - 足本 Full (HKT 08:03 - 08:35)

    26/01/2022 - 8:10am Business and Market Discussion

    Alicia Garcia Herrero, Chief Economist for Asia Pacific at Natixis suggests that India, Vietnam and Malaysia are countries to look out for that could see trade benefits from the move to outsource supply chains away from China, because of their young, growing populations.

    Carlos Casanova, Senior Asia Economist at UBP expects Hong Kong's economy will be weak in the first two quarters of 2022 due to a reduction in consumption and covid-19 restrictions.

    RTHK’s International Economics Correspondent, Barry Wood, predicts that the US Federal Reserve will signal monetary policy tightening at the end of the FOMC meeting, Thursday morning, HK time, but the market will like what it hears.

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