On Monday Marriott International Inc informed about reduction in revenue per available room in North America, which is the largest market for the company, Reuters reports. Such tendency has been shown for three quarters already.
Shares of largest hotel chain in the world fell 0,4%.
According to Bloomberg, main stock indexes are growing today amid new reports on corporations' earnings that put aside geopolitical risks. All country World Index MSCI gained 0,4%.
Although government takes steps to stimulate economic growth, real estate market of United Arabic Emirates will not recover within next three years, Bloomberg reports with reference to developer Tiger Group.
Rent in the country fell by 30% since 2016, and growth is unlikely next two or three years, experts in Tiger Group suppose.
Although this year brought multiple problems to Glencore Plc, so far it has not infuenced profitability of the world largest commodity trader, Bloomberg reports.
Iron ore and copper are two metals playing significant role in development of Chinese economy, and today those two metals are showing different behavior. While iron ore is growing, copper is under serious pressure, Bloomberg reports.
Lovely village Gosau is located in Austrian Alps in about 60 km southeast of Salzburg at 750 meters above sea level. It is well situated between enormous massif Dachstein and tranquil Gosau lake.
Reduction on overseas demand hit German manufacturers in June, as orders fell, Bloomberg reports.
Orders volume dropped by 4% compared with last month and by 0,8% compared with last year. This is the first yearly decline since 2016.
After US President said that US is dominating in trade war with China, Beijing responded that it is ready to withstand economic downturn, Bloomberg reports.
According to Bloomberg, shares in Europe fell and US futures will most likely open lower after mixed session in Asia after China announced that will not be avoiding trade war. All country World MSCI Index declined by 0,1%.
HSBC Holdings Plc is struggling to show significant revenue growth, Bloomberg reports. It looks like long-term bet of the bank on Asia is not working yet.
It looks like luxury property market of London touched the bottom and started to revive, Bloomberg reports.
On Monday oil prices grew after Saudi Arabia showed unexpectedly reduced output in July, while US production stayed at the same level, Reuters informs.
Besides, US sanctions against Iran are expected to be renewed on Tuesday.
