Peter Lewis: A fast moving and topical business and finance show.
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 from 8 a.m. to 8.30 a.m. every weekday morning 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 "MoneytalkR3") .
President Donald Trump has cancelled his trip to the World Economic Forum in Davos, Switzerland later this month, as the US government shutdown enters its 20th day, and close to the longest on record. Federal Reserve chairman Jerome Powell warned yesterday that the shutdown could soon start to take its toll on the US economy. He also reiterated the FOMC’s intention to be patient about raising interest rates.
The spectre of deflation is rearing its head once again on the mainland. Factory gate inflation, as measured by the Producer Price Index hit the lowest level in over 2 years. The drop from November’s reading was the biggest fall in the PPI in seven years. Consumer Price inflation also came in lower than expected and hit a six-month low.
China’s Ministry of Commerce has released a statement on the latest round of US-China trade talks which ended a day later than expected on Wednesday. Mainland officials said the talks were deep and extensive and established a foundation for the resolution of each other’s concerns.
On today’s Money Talk, Francis Lun of GEO Securities and Stephen Wong from The Chinese University of Hong Kong, review the day’s business and finance headlines. Providing the view from Australia is Toby Lawson at Societe Generale Australia.
11/01/2019 - 8:08 Business and Market Discussions
Francis Lun, CEO of GEO Securities, expects the trade war to reduce Chinese economic growth to 5% or below.
Stephen Wong, Adjunct Lecturer of CUHK's Global Political Economy Master Programme, is concerned about the unhealthy and unsustainable consequences of the stimulus measures enacted by the mainland government to uphold the 6% growth target. However Mr. Wong expects that the Chinese government is willing to pay the price.
11/01/2019 - 8:24 View from Australia