(Reuters) - U.S. stock indexes opened higher on Monday on signs of easing U.S.-China trade tensions after President Donald Trump softened his stance on ZTE Corp, pledging to help the Chinese technology company "get back into business, fast".The Dow Jones Industrial Average .DJI rose 48.20 points, or 0.19 percent, at the open to 24,879.37. The S&P 500 .SPX opened higher by 5.65 points...Read More

LONDON/JOHANNESBURG, May 14 (Reuters) - Lonmin narrowed its first-half operating loss and set out plans to cut spending as the platinum miner tries to keep a takeover by Sibanye-Stillwater on track by conserving cash.The proposed deal with precious metals producer Sibanye-Stillwater, vital to Lonmin's survival, is conditional upon Lonmin retaining a positive cash balance by the time it is schedule...Read More

Ford was forced to temporarily lay off thousands of workers after a fireShares of auto manufacturer Ford Motor Company (NYSE:F) are higher in early trading, thanks to news reports from over the weekend that the company could resume production on the F-150 pick-up series by this Friday, following a recent fire at a parts factory. The fire caused more than 7,600 workers to be temporarily laid off,...Read More

NEW YORK/TOKYO (Reuters) - Xerox Corp (XRX.N) has scrapped a planned $6.1 billion deal with Fujifilm Holdings Corp (4901.T) in a settlement with activist investors Carl Icahn and Darwin Deason that also hands control of the U.S. photocopier giant to new management.The victory for the billionaire investors puts the Japanese company further on the back foot in any new negotiations with Xerox, althou...Read More

DETROIT (Reuters) - Trump administration demands in NAFTA trade negotiations meant to push auto jobs back to the United States may not be enough to spark a shift in where automakers build cars and trucks.New math to determine what qualifies as vehicle content, what limits apply to allow tariff-free auto imports and how long companies would have to comply under a new NAFTA agreement will likely not...Read More

GAZA BORDER (Reuters) - Israeli forces killed at least 28 Palestinians along the Gaza border on Monday, health officials said, as demonstrators streamed to the frontier on the day the United States prepared to open its embassy in Jerusalem.It was the highest Palestinian single-day death toll since a series of protests dubbed the "Great March of Return" began at the border with Israel on...Read More

JERUSALEM (Reuters) - The United States officially opened its embassy to Israel in Jerusalem on Monday, fulfilling a pledge by President Donald Trump who has recognized the holy city as the Israeli capital."Today we open the United States embassy in Jerusalem, Israel," U.S. ambassador to Israel David Friedman said at the beginning of the inaugural ceremony, attended by a U.S. delegation...Read More

LONDON (Reuters) - Oil prices steadied below 3-1/2 year highs on Monday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while rising U.S. drilling pointed to higher North American production.Brent crude was up 20 cents at $77.32 a barrel by 1315 GMT and U.S. light crude rose 10 cents to $70.80.Both oil futures contracts hit their highest since November...Read More

Trump tweeted his support for China's ZTE over the weekendDow Jones Industrial Average (DJI) futures are trading higher today and appear ready to build off last week's momentum. The Dow is looking to secure its eighth straight gain, which would mark its longest win streak since September. Driving markets this morning are easing trade war tensions between the U.S. and China. On Sunday, President D...Read More

Strongbow Exploration (TSX-V: SBW), a Canadian firm trying to reopen one of England's most iconic tin mines, announced Monday it planned to list in London's AIM exchange for growing companies next month.The Vancouver-based junior expects the London listing to help it raise 25 million pounds ($34 million) over the next 18 months, which it will use to study the feasibility of resuming production at...Read More

Strongbow Exploration (TSX-V: SBW), a Canadian firm trying to reopen one of England's most iconic tin mines, announced Monday it planned to list in London's AIM exchange for growing companies next month.The Vancouver-based junior expects the London listing to help it raise 25 million pounds ($34 million) over the next 18 months, which it will use to study the feasibility of resuming production at...Read More

Plus, a look at the SPY triangle breakout receiving major attention"...equities have performed better in the short term when the Fed holds rates steady versus hiking rates during this tightening cycle. Therefore, with support continuing to hold on pullbacks and negative sentiment representing future buying power, the current environment favors the bulls."-- Monday Morning Outlook, May 7, 2018S&P 4...Read More

(Kitco News)- The annual supply surplus in the platinum market shouldshrink in 2018 as demand rises but South African mine production shrinks, saidthe World Platinum Investment Council Monday.The organization released its quarterly report on marketsupply/demand fundamentals at the start of Platinum Week in London.The WPIC said it looks for the supply surplus to fall to180,000 ounces this year from...Read More

(Kitco News) - The annual supply surplus in the platinum market should shrink in 2018 as demand rises but South African mine production shrinks, said the World Platinum Investment Council Monday.The organization released its quarterly report on market supply/demand fundamentals at the start of Platinum Week in London.The WPIC said it looks for the supply surplus to fall to 180,000 ounces this year...Read More

Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More

(Kitco News) - Last week's rally in gold was merely a dead-cat bounce and shows underlying weakness in the metal. The trend is lower, and gold has broken to the downside. Traders can sell rallies until gold can close above $1,330.The breakdown through the bottom of consolidation indicates gold has some work to do to the downside. We expect a run down to the $1,280 level before there is any sustain...Read More

(Kitco News)- Last week's rally in goldwas merely a dead-cat bounce and shows underlying weakness in the metal. Thetrend is lower, and gold has broken to the downside. Traders can sell ralliesuntil gold can close above $1,330.The breakdown through thebottom of consolidation indicates gold has some work to do to the downside. Weexpect a run down to the $1,280 level before there is any sustainable r...Read More

(Kitco News)- Gold and silver prices are slightly lower in early U.S. trading Monday. It’s aquieter and uneventful marketplace to start the trading week. Rallying U.S.stock indexes that hit multi-week highs overnight suggest keener risk appetitein the marketplace at present, which is bearish for safe-haven gold and silver.The gold and silver market bulls are encouraged by recent price action...Read More

ERLIN (Reuters) - The International Monetary Fund on Monday stepped up pressure on Chancellor Angela Merkel's government to reduce Germany's persistently large current account surplus by hiking public investment.The IMF and the European Commission have long urged Germany to boost domestic demand by lifting wages and investment to help cut its large trade surplus. But the debate has heated up since...Read More

WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump pledged on Sunday to help ZTE Corp "get back into business, fast" after a U.S. ban crippled the Chinese technology company, offering a job-saving concession to Beijing ahead of high-stakes trade talks this week.Trump's unexpected announcement was a stunning reversal, given Washington's tough stance on Chinese trade practices that...Read More