US markets experienced losses on Monday, impacting key indices and commodity prices. The Dow Jones Industrial Average closed at 22,685 points, a decrease of 0.8% from the previous trading day.
The broader S&P 500 also saw a decline, reaching approximately 6,230 points, reflecting a 0.8% loss. The technology-focused Nasdaq 100 mirrored this trend, closing at around 22,685 points, down 0.8%.
The Wall Street downturn was largely attributed to an announcement from the White House regarding the imposition of 25% tariffs on imports from Japan and South Korea, effective from August. However, the possibility of reaching an agreement before the tariffs take effect appeared to moderate the extent of the losses. A recent extension of negotiations with the European Union also provides investors with a three-week window for potential progress.
The euro weakened against the US dollar, trading at $1.1721, with the dollar fetching €0.8532.
Gold prices remained largely unchanged, with a fine ounce selling for $3,337 (unaltered), equivalent to €91.54 per gram.
In contrast to the subdued performance of gold, oil prices increased significantly. Brent crude, a benchmark North Sea variety, reached $69.65 per barrel late Monday, representing a 2.0% rise compared to the end of the previous trading day.