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Business and Market Discussion / View from India

2021-04-16

Business and Market Discussion / View from India

2021-04-16
 Progress with the vaccination campaign in the United States has sparked a sharp rebound in jobs and spending. Initial jobless claims fell by 193,000 to 576,000 in the week ending April 10, a pandemic era low. Retail sales surged by a seasonally adjusted 9.8% in March compared with the previous month, the second biggest increase on record and blowing past economists’ forecasts for a 5.9% rebound.

Hong Kong’s Covid-19 vaccination programme will be expanded to include residents aged 16 to 30, with bookings starting from April 23, the government announced yesterday. The lowering of the age requirement means another 1.08 million people will be eligible to get a coronavirus vaccine and the programme will cover 88% of the population.

On Wall Street, the blowout economic data has sent US shares to record highs. The S&P 500 index jumped 1.1% to close at a record high of 4,170. The Dow added 305 points to trade above 34,000 for the first time.

On today’s Money Talk, we’re joined by Francis Lun of GEO Securities and John Marrett from The Economist Intelligence Unit. With a view from India is Toby Lawson at 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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