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 firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
The European Central Bank has left interest rates on hold at minus 0.5% and its €1.85tn emergency bond-buying programme unchanged in its first meeting since agreeing on a new monetary policy strategy earlier this month. The ECB set a new symmetric 2% inflation target as part of its first review of its strategy since 2003. But governing council members yesterday were divided on the implementation of the strategy with some saying its commitment to tolerate a moderate and transitory overshoot of its price growth target, increased the risk of inflation surging above its target.
23/07/2021 - 8:10am Business and Market Discussion
John Schofield, Managing Director of Tempus Investment notes that the underperformance in the Hong Kong stock market is due to the crackdown on technology companies in mainland China, and uncertainty over US-China relations.
Patrick Bennett, Macro Strategist at CIBC World Markets notes that there are large amounts of liquidity pouring into the global markets and he thinks that interest rates will remain low for some time.
23/07/2021 - 8:24am View from Australia
The selloff in bonds last week blew up global stocks on Friday. In the US, the NASDAQ Composite Index had its worst week since October despite rebounding on Friday. It ended the session 0.6% firmer following a 3.5% slump on Thursday. But for the week it was down almost 5%. In Hong Kong, the Hang Seng Index tumbled 1,094 points, or 3.6%, the most in nine months. Leading Friday's losses were technology shares with the Hang Seng Tech Index sinking 5.7%.
01/03/2021 - 8:09am Business and Market Discussion
Alex Wong, Director of Asset Management at Ample Capital thinks that the bond market is a "high-risk, low return" sector and might take years for it to recover due to inflation in the economy.
Iris Pang, Greater China Economist at ING Wholesale Banking believes that a full global recovery is still a few years away and the economy is still quite fragile due to the recent recession.
01/03/2021 - 8:24am View from Mainland China