Price moves to note: DJIA (Close 22/10): 16 461.32, (-0.92%) S&P 500 (Close 22/10): 1927.11, (-0.73%) STI (Close 22/10): 3202.74, (0.68%) EUR/USD (price at 8am SGT): 1.2641(Change since 22/10/14 6pm SGT -0.38%) USD /JPY (price at 8am SGT): 107.15(Change since 22/10/14 6pm SGT 0.16%) AUD /USD (price at 8am SGT): 0.8765(Change since 22/10/14 6pm SGT -0.22%) Themes to note:
  • US stocks fell overnight, breaking a successive rally over 4 days as stocks in the energy sector lagged while investors reassess if the recent rebound has been stretched too quickly.
  • Inflation figures which are examined at the forefront together with Employment numbers, ticked up from a low base in September, helping to ease fears of slowing demand in the US.
  • In earnings, Yahoo and Boeing made the headlines over different fortunes.
  • Shares at the online search giant jumped 4.5% after reporting top and bottom lines in Q3 which beat forecasts while its foray into mobile has made more headway.
  • Boeing slumped 4.5% to lead laggers in the Dow, despite its earnings beating estimates as analysts expect continued rising costs for operations of the 787 Dreamliner .
  • Oil prices slumped overnight following crude oil inventories data which more than doubled estimates. Prices gravitated towards a 27 month low overnight, causing a sell-off in the energy sector which dragged the main index lower.
  • This morning, manufacturing data from small medium enterprises in China came in slightly ahead of expectations, with the HSBC measure inching up from the 50 zone which signals stagnation.

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