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Business and Market Discussion / MPF performance

2022-07-07

Business and Market Discussion / MPF performance

2022-07-07
 Minutes from the Federal Open Market Committee’s June meeting released Wednesday show Fed officials believe entrenched inflation poses a “significant risk” to the US economy. The minutes suggest even tighter monetary policy may be required from the US central bank if price growth exceeds policy makers expectations. 


New Covid infections in Shanghai have prompted a new round of screening in nine of Shanghai’s 16 districts, raising concerns that the city could be heading for another round of lockdowns. Officials launched two rounds of mass testing for Covid from Tuesday through until today, after the city reported nine new confirmed cases and 16 asymptomatic cases of the virus on Wednesday. 


The S&P Global Hong Kong PMI fell to 52.4 in June 2022 from 54.9 a month earlier, and pessimism returned following two months of optimism, amid the lingering impacts of COVID-19. However, the latest print was the third straight month of growth in the private sector, with both output and new orders rising at softer rates. Firms saw a 13th straight month of drop in new orders from China.


On today’s Money Talk, we’re joined by Personal Wealth Adviser, Enzio Von Pfeil and Louisa Fok from the Bank of Singapore. We also discuss the MPF performance in H1 of 2022 with Francis Chung of MPF ratings. 

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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