Australia unemployment creeps upward

David Kuo, Founder of The Smart Investor Singapore, shares insights on regional market performance as well as other key issues dominating investor conversations today. This includes:

• China’s central bank kept its one-year medium-term lending facility (MLF) unchanged at 2.75%, as expected.
• Australia’s unemployment rate for August came in at 3.5%, slightly higher than July.
• Looking ahead at the Fed meeting next week. Will it be 50 basis points? 75 basis points or the unthinkable 100 basis points?
• Starbucks jumped 6% on an upbeat forecast for revenue and earnings by Howard Schultz. He has turned around the fortunes of the coffee chain. As investors, should we back the horse or the jockey?

Guest:  David Kuo, Founder of The Smart Investor Singapore

Presenter: Brian Fernandez

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