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Gold Market Ructions Spur Spike in Singapore Exports to the US

(Bloomberg) -- Gold shipments from Singapore to the US climbed to the highest level in almost three years in January, a further sign of the ructions in bullion trading after pricing disparities opened up in key markets.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegTrump Child Refugee Agency Shares Data With Immigration E

Morning Bid: Arms stocks soar ahead of Ukraine peace talks

Europe's rally in banking and defence stocks extended into Tokyo, where shares in Mitsubishi Heavy Industries popped 3% to trade near record highs. The focus is on Ukraine and expectations that Europe will ramp up defence spending in the event of any peace deal. U.S. President Donald Trump has arranged bilateral peace talks with Russia, scheduled to begin later on Tuesday in Saudi Arabia.