American stocks are less flowing and giving back a small portion of their sprint through May, which was his best month since 2023. S&P 500 was 0.3% less in early trade on Monday. Dow Jones Industrial Average was 174 points or 0.4%below, and Nasdaq Composite was 0.2%below.
The price of crude oil increased by more than 4%. OPEC Alliance countries decided to increase their production again, but analysts stated that investors were widely expecting it. Attack by Ukraine In the weekend, Russia also helped increase uncertainty about the flow of oil and gas worldwide in Russia.
After shutting down its best month since 2023, Wall Street was designed to open on Monday as the Russia-Ukraine struggle increased over the weekend, contributed to widespread market concern and contributed to jumping oil prices.
The futures for the S&P500 lost 0.4% before the opening bell on Monday, while the futures for the Dow Jones Industrial Average lost 0.3%. Nasdaq futures retreated 0.6%.
In addition to increasing stress in Russia-Ukraine warAfter OPEC, it was decided to increase oil prices and a greater slight increase in output after climbing oil company shares.
Devon Energy increased by 2.5%, while Chevron, Exon and Concophilips all increased between 1%and 1.5%.
The US benchmark crude oil was more than $ 2.54, over 4%, $ 63.33 per barrel, while Brent crude, international standard, $ 65.12 per barrel was above $ 2.34 per barrel.
President Donald Trump on Friday told Pennsylvania Steelworkers that he was doubling Tariff Up to 50% on steel imports to protect your industry, a dramatic growth that can carry forward the prices for metal used to make housing, autos and other accessories.
Later in a post on his true social stage, Trump confirmed the steel tariff and said that aluminum tariffs would also double. Trump said that both tariff hikes would apply on Wednesday.
Both Nucor and Steel dynamics increased by about 10%, while Cleveland-Clips increased by 25%. This year, American Steel shares have already discontinued as it is rapidly clear that Trump was going to allow any major deal between American Steel and Japan’s Nippon Steel.
Speaking at the suburban Pittsburgh on Friday at the US Steel’s Mon Valley Works -Irewin plant, Trump spoke about the possible partnership in which the nippon would invest in the reputed American steelmaker.
In a light week for corporate income reports, both dollar trees and general reports of dollars in the coming days.
In addition, Monday, the United Health Group opened its annual meeting, a few weeks later, the CEO stepped in, citing personal reasons. The country’s largest health insurer, whose shares are 40% less this year, also suspended their entire year financial approach due to high-and-and-additional medical costs.
In Asia, Hong Kong’s Hang Seng initially took a dip of over 2% as Beijing and Washington traded rigorous words on trade.
China exploded the US to issue an AI chip export control guidelines, stopping the sale of chip design software to China, and planned to cancel the Chinese student visa.
The US chipmaker was roughly low on Monday.
A report over the weekend that China’s factory activity was contracted in May, although the decline slowed down from April as the country reached an agreement for President Donald Trump with the US. Akash-high tariffFurther reduced the market spirit.
But Hang Seng reduced to just 0.6% at 23,157.97. The mainland was closed for the Chinese market holiday.
Hong Kong’s Hang Seng as China fell 0.6% to 23,157.97 and the US accused each other of violating its tariff agreement in Geneva last month.
Tokyo’s Nikkei 225 from 1.3% to 37,470.67, while in Seoul, Kospi added 0.1% to 2,698.97.
Australia’s S&P/ASX 200 with 0.2% to 8,414.10 withdrawn.
India’s sense was lost 0.4% while Taix fell 1.6% in Taiwan.
Somewhere else, in the afternoon in Europe, Germany’s dax retreated 0.3% and in Paris CAC 40 declined by 0.5%, the British FTSE 100 increased by 0.1%.
In the currency trading in early Monday, the US dollar fell from 143.87 yen to 142.72 Japanese yen. The euro increased from $ 1.1351 to $ 1.1418.
