Loading ...Year in Finance & 2019 Economic Outlook
2019-01-05
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Year in Finance & 2019 Economic Outlook
2019-01-05
Happy new year! Hello and welcome to the first edition of The Pulse for 2019.
Well the year opened with a sharp downturn in global stock markets which followed a pretty dismal year for investors in 2018, the S&P 500 registered its worst downturn since the financial crisis of 2008. On the first trading of the year U.S. stocks plunged. They dropped even further on Thursday, largely due to Apple’s warnings of reduced revenue caused by lower-than-expected iPhone sales, particularly in China. Hong Kong and Chinese stock markets were also hit hard. Indeed the Hang Seng Index reflected the worst first trading day of a new year in over two decades.
The U.S. Federal Reserve ended 2018 with a fourth interest rate hike in mid-December. Faced by a trade war between the United States and China, a U.S government shut down, Brexit, and a myriad of other business concerns, many market analysts are predicting a global economic slowdown in 2019. With us to talk about that are Tara Joseph, President of American Chamber of Commerce in Hong Kong and Felix Chung, leader of the Liberal Party.
Well the year opened with a sharp downturn in global stock markets which followed a pretty dismal year for investors in 2018, the S&P 500 registered its worst downturn since the financial crisis of 2008. On the first trading of the year U.S. stocks plunged. They dropped even further on Thursday, largely due to Apple’s warnings of reduced revenue caused by lower-than-expected iPhone sales, particularly in China. Hong Kong and Chinese stock markets were also hit hard. Indeed the Hang Seng Index reflected the worst first trading day of a new year in over two decades.
The U.S. Federal Reserve ended 2018 with a fourth interest rate hike in mid-December. Faced by a trade war between the United States and China, a U.S government shut down, Brexit, and a myriad of other business concerns, many market analysts are predicting a global economic slowdown in 2019. With us to talk about that are Tara Joseph, President of American Chamber of Commerce in Hong Kong and Felix Chung, leader of the Liberal Party.
RTHK's English-language current affairs programme that takes "The Pulse" of Hong Kong ... and the world around it.
"The Pulse" is presented by locally and internationally known journalist and writer Steve Vines.
Its focus? The latest events and trends that affect Hong Kong - from the corridors of power and business boardrooms, to the streets and dai pai dongs.
"The Pulse" is politics. What's happening in the Legislative Council and on the streets right now.
"The Pulse" is the media, informing us how well or badly our press and broadcast organisations diagnose and reflect the society around us.
"The Pulse" is insightful, in-depth reports and interviews on current issues - examining those issues in depth, looking behind and beyond the news.
Its focus is on the timely. The Now.
Keep your eye ... and your finger ... on "The Pulse".
If you want to discuss anything you've seen in "The Pulse", or anything in the public eye right now, or just to talk about the show, why not join in the debate on our Facebook page, RTHK's The Pulse.
Starting 3 April, the programme is aired every Friday on RTHK 31 at 19:30.
We're on Facebook
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Instagram @rthkthepulse
Twitter @thepulse_rthk https://twitter.com/thepulse_rthk
Archive available later after broadcast. ** Please note that the programme air-time on TV is different with webcast time.
"The Pulse" is presented by locally and internationally known journalist and writer Steve Vines.
Its focus? The latest events and trends that affect Hong Kong - from the corridors of power and business boardrooms, to the streets and dai pai dongs.
"The Pulse" is politics. What's happening in the Legislative Council and on the streets right now.
"The Pulse" is the media, informing us how well or badly our press and broadcast organisations diagnose and reflect the society around us.
"The Pulse" is insightful, in-depth reports and interviews on current issues - examining those issues in depth, looking behind and beyond the news.
Its focus is on the timely. The Now.
Keep your eye ... and your finger ... on "The Pulse".
If you want to discuss anything you've seen in "The Pulse", or anything in the public eye right now, or just to talk about the show, why not join in the debate on our Facebook page, RTHK's The Pulse.
Starting 3 April, the programme is aired every Friday on RTHK 31 at 19:30.
We're on Facebook
RTHK's The Pulse https://www.facebook.com/RTHK.Pulse/
Instagram @rthkthepulse
Twitter @thepulse_rthk https://twitter.com/thepulse_rthk
Archive available later after broadcast. ** Please note that the programme air-time on TV is different with webcast time.
