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Business and Market Discussion / View from India

2021-06-18

Business and Market Discussion / View from India

2021-06-18
 Hong Kong's unemployment rate has dropped to its lowest level in a year, falling to 6% in the three months to the end of May, down from 6.4% previously. The employment situation between March and the end of May improved in almost all major sectors, especially in construction, retail, accommodation and food services.

Investors parked a record amount of cash in an overnight facility at the Federal Reserve on Thursday, after the central bank said it was boosting the reverse repo rate to 0.05% from zero to support “the smooth functioning of short-term funding markets”. Nearly 70 market participants placed US$756bn at the Fed via its reverse repurchase programme as they struggled to find positive-yielding places to invest.

Commodity prices tumbled yesterday because of the surging US dollar and after China’s National Food and Strategic Reserves Administration confirmed plans to release copper, aluminium, and zinc from state reserves for direct sale to manufacturers.

On today’s Money Talk, we’re joined by Le Xia from BBVA Research. With a view from India is Toby Lawson of Societe Generale India.

Money Talk

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") .
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