Asia shares lose their momentum and a decline in European future contracts

Asian stocks have reduced their profits, while future contracts for European stock indicators amid concerns about Ukraine talks and a decline in Chinese equities. The standard index of shares on the head of mainland China and the Asian stock index turned into losses, while the shares of the technology companies listed in Hong Kong decreased from the highest level in three years. These declines come in light of the beginning of the United States and Russia, Tuesday, high levels in Saudi Arabia, to discuss the end of the war in Ukraine, without the participation of any party of Kiev. On the other hand, the dollar rose against all the coins of the Ten Group, as the Bloomberg Green index ended a three -day losses. The US Treasury effects fell on Tuesday after the “President’s Day” holiday with the resumption of the dissertation. The Federal Reserve, Christopher Wald, previously said that the recent economic data supported to maintain the US interest rate unchanged to further progress in reducing inflation. “There is no clear catalyst for the negative mood that controls the afternoon markets,” said Friedrich Newman, the Seo Hong Kong Bank, adding that “the focus is now on the next catalyst, as investors are looking for a clear direction for the last height.” Chinese shares scored profits at the start of the Asian session after the meeting of Chinese President Xi Jinping with business leaders, Monday. Many analysts believed that this meeting could be a sign of the end of the strict campaign that lasted years in the private sector. “The current recovery is good, but before it becomes a sustainable upward trend for several years, there is still plenty to do. If you want a sustainable rising market, you need a sustainable growth model in the future.” Also read: Has technology companies in China exceeded the stage of government suppression? Over the past decade, the XI meeting has included many of the most prominent names in the Chinese business world, representatives of sectors that include the electronic disc industry, electric vehicles and artificial intelligence. This meeting reflects Beijing’s most flexible approach to businesses that make up the backbone of the economy, at a time when Washington located its campaign to impose international customs duties that can be strongly influential. At the same time, the largest index of technology listed in Hong Kong approaches its highest level in three years, utilizing the highwing led by “Deep Sick”, although it recorded a slight decline on Monday. At the same time, Wald of the Federal Reserve said that if inflation continued with the same behavior in 2024, the interest reduction could resume later this year. The Australian dollar and the sovereign effects of the state are offered, after the central bank said it would continue with more cash facilitation in the future after it reduced the official interest rate on money. Meanwhile, the profits of the BHP Group Ltd.did fell 23% in the first half of the year, according to the results announced Tuesday morning, as the company was influenced by the decline in Chinese demand for basic commodities, including iron and copper ore. Also read: Powell: We have made progress on inflation, but more work and in the commodity sector should have continued its profits after its height, as the delegate of “OPEC+” said that the coalition was considering postponing the production, while the Ukrainian drones had launched an attack on an oil pump station in Russia. On the other hand, the gold upheld its profits after the rise Monday by 0.5%.