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Monday, May 18, 2026

Asia Market Movers | Singapore April 2026 non-oil exports +24.5% y/y vs prior 15.30%

Monday, 18 May, 2026

News

Singapore April 2026 non-oil exports +24.5% y/y vs prior 15.30%

Singapore's non-oil domestic exports surged 24.5% year-on-year in April, dramatically beating the median forecast of 10.9% growth, driven by strong electronics shipments including integrated circuits

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Central Banks

PBOC is expected to set the USD/CNY reference rate at 6.8086 – Reuters estimate

The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exch

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Cryptocurrency

Zcash surges 1,140% in a year as bitcoin pioneers back privacy token

Zcash has surged 1,140% in the past year as bitcoin pioneers including the Winklevoss twins back the privacy token, with fading US regulatory fears adding fuel to the rally. Summary: Zcash has gained

Stock market update

South Korea exchange halt as KOSPI futures slammed limit lower

Korea Exchange activated a sidecar on the KOSPI KOSPI 200 futures fell 5% The 'sidecar' halts programme trading for 5 minutes.

Forex

US net oil exporter status shields dollar from energy shock hitting peers

RBC Capital Markets expects the dollar to drift higher within its 2026 trading range, recommending buys against the euro and Swiss franc on yield, flows, and energy insulation. Summary: RBC Capital Ma

News

UK housing prices rise but employer confidence stays near record low

UK asking prices rose 1.2% in May, above seasonal norms, while a separate survey showed British employer confidence near record lows with pay awards set to lag inflation. Summary: Rightmove reported U

Education

Annie Duke on the investing mistakes that quietly destroy most portfolios

Duke's commentary is broadly risk-cautionary in tone, reinforcing the case for passive, low-cost index exposure over active stock-picking in volatile conditions. Her warning against paralysis is parti

News

New Zealand services sector contracts again in April as fuel costs bite

New Zealand's services sector contracted for a second straight month in April, with the PSI reading at 48.9, as businesses cited fuel prices and the Strait of Hormuz conflict as key headwinds. Summary

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Commodities

US futures are open for the week's trade, oil up and equites (minor) down

WTI Crude Oil and Brent are both trading higher at the futures open. approx: Brent 110 WTI 107 US Treasury yields are higher while stocks (ES and NQ) are down tiny. Clock is ticking: Trump threatens I

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