Gold was smashed lower in Asia Pacific trading, in a relatively quick drop from $1,750 to $1,677 as sellers continued the post-NFP momentum to this week.There are a couple of reasons perhaps for the sudden move and maybe by putting things together, it can explain the sharp fall in gold Continue Reading

* July exports +19.3% yr/yr vs +20.8% forecast in Reuters poll * July imports +28.1% yr/yr vs +33.0% forecast * July trade balance $56.58 bln vs $51.54 bln forecast China’s export growth unexpectedly slowed in July following outbreaks of COVID-19 cases, while imports also lost momentum, pointing to a slowdown Continue Reading

Italy’s Banca Monte dei Paschi di Siena (BMPS.MI) was the worst performer in the EU-wide stress test conducted by the European Banking Authority and the European Central Bank, according to results published on July 30. Under the latest test, European banks had to estimate the state of their capital within Continue Reading

Pfizer Inc and Moderna Inc  have raised the prices of their COVID-19 vaccines in their latest European Union supply contracts, the Financial Times reported on Sunday. The new price for the Pfizer shot was 19.50 euros ($23.15)against 15.50 euros previously, the newspaper said, citing portions of the contracts seen. The price of a Continue Reading