James Gruber

The Japanese yen dipped 0.1% to 158.83 yen.

And the Aussie dollar gained 0.1% to 71.79 US cents.

And now it's time to head to Wall Street.

The Dow Jones index finished flat.

The S&P 500 dropped 0.2% and the Nasdaq fell 0.3%.

A closer look at the trading day there.

Wall Street retreated on Monday after a stunning rally last week as renewed US-Iran tensions threatened a collapse of the two-week ceasefire and dented investor sentiment.

Tech stocks on the S&P 500 were the biggest weights on the index, with chipmakers at the helm of losses.

The semiconductor index lost 0.5%.

Countering some losses was a 5.8% gain in Marvel Technology, after a report said Alphabet's Google was in talks with the chipmaker to develop two new chips to run AI models more efficiently.

The consumer discretionary and communication services sectors were the biggest percentage decliners, dragged down by drops of about 0.8% and 2.6% in Amazon and Meta platforms, respectively.

Among other movers, QXO shares dipped 3.6%.

After the construction supplies, distributors struck a $17 billion deal to acquire building products distributor and installer Top Build, whose shares jumped 19.5%.

U.S.

government bond yields bounced a little on Monday as bond investors largely looked past the weekend's turbulence in the Middle East, instead focusing on planned negotiations between the parties.

The U.S.

10-year Treasury yield was up one point to 4.26%, while the U.S.

2-year Treasury yield was two points higher to 3.72%.

To the European markets, the continent-wide FTSE Euro First 300 index ended 0.8% lower and the UK FTSE 100 was down 0.6%.

Europe declined on Monday following a sharp rebound in the previous session as investors awaited progress on possible US-Iran talks.