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") .
Chinese stocks opened in lacklustre mood after the Fed minutes provided no new clues on the path for US interest rate moves but shares then turned sharply higher after Reuters reported progress in the US-China trade talks. According to the news agency, negotiators are drawing up six memorandums of understanding on key structural issues in the dispute including forced technology transfer & cyber theft, intellectual property rights, services, currency, agriculture and non-tariff barriers to trade. In addition, trade representatives are also looking at a ten-item list of short-term measures to reduce China’s trade surplus with the US, including buying agricultural produce, energy and semiconductors. Following the reports, which cited unnamed sources close to the negotiations, US stock futures jumped higher in Asian trading Thursday dragging stocks in Hong Kong and China firmer with them.
Our guests on this Friday’s Money Talk are Francis Lun, CEO of GEO Securities and Michelle Lam, Greater China Economist from SG Corporate and Investment Banking. Providing the view from down under is Toby Lawson, Head of Global Markets at Societe Generale Australia.
22/02/2019 - 8:08 Business and Market Discussions
Francis Lun, CEO of GEO securities, says the mainland government has realised that credit tightening was damaging the economy and would send China into recession. He expects to see steep declines in the next set of PMI numbers.
Michelle Lam, Greater China Economist at SG Corporate and Investment Banking expects further fiscal stimulus measures in China but thinks that full Quantitative Easing will be a last resort.
22/02/2019 - 8:23 View from Australia