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April 27, 2026
Euro traded at 1.1733 against USD at 9:00 AM PST
German consumer sentiment is set to deteriorate sharply in May amid rising inflation and the war in Iran. The forward-looking consumer confidence index fell to -33.3 in May from -28.1 in April. This was the lowest score since February 2023.
The desire to buy dropped 3.5 points to -14.4, marking a two-year low in a long-term comparison. At the same time, the willingness-to-save indicators fell to 16.1 from 18.5 the previous month. 04/27/2026 - 04:13:00 (RTTNews)
British Pounds traded at 1.3550 against USD at 9:00 AM PST
U.K. retailers reported a sharp decline in sales in April. A net 68% of retailers said sales volumes declined in April compared to last month's balance of 52%. Online retail sales volumes experienced particularly steep declines, with the balance falling to -51% from -11% in March, the fastest fall since January 2024. 04/27/2026 - 08:06:00 (RTTNews)
China's industrial profits increased notably in the first quarter, despite challenges posed by geopolitical tensions. Industrial profits logged an annual growth of 15.5% in the January to March period. Profits had increased 15.2% in the first two months of the year. In March alone, industrial profits increased 15.8% from the same period last year. Profits at China's industrial firms posted growth despite the war in the Middle East pushing up global oil prices and raw material costs. 04/27/2026 - 00:37:00 (RTTNews)
Singapore's industrial production expanded at an accelerated pace in March. Industrial production advanced 10.1% year-on-year in March, much faster than the 3.3% rise in February. This was the fastest growth since December 2025.
Among clusters, electronics output grew the most by 30.0% from last year, driven by the infocomms, consumer electronics, and semiconductors segments on the back of robust AI-related demand. The precision engineering segment expanded 14.0%, and general manufacturing output was 7.6% higher.
On the other hand, chemical output fell sharply by 16.0% amid lower output in the petroleum and petrochemical segments due to disruptions in feedstock supply. Biomedical manufacturing also contracted 14.3%. Excluding biomedical manufacturing, total industrial production surged 13.5% annually in March. 04/27/2026 - 04:35:00 (RTTNews)
This market update is prepared by Cathay Bank for informational purposes only and does not constitute any form of legal, tax or investment advice, nor should it be considered an assurance or guarantee of future exchange rate movements or trends. This information is provided without regard to the specific objectives, financial situations or needs of any recipient. Cathay Bank does not make any representations or warranties about the accuracy, completeness or adequacy of this market update.
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