The Traderszone Network

Steadily expanding demand, in line with a moderately growing U.S. economy and a still low rate of new room construction, bodes well for the U.S. hotel industry in the near term, leading executives in the business said on Monday. A surge in deals for U.S. hotels, driven in part by Chinese money seeking investment abroad, has led to worries of a market that might be getting expensive. Sales volume was up 81 percent to $13.3 billion in the first four months of the year in the Americas, driven by U.S. deals, according to Jones Lang LaSalle.

Japan’s Nikkei Stock Average rises, rallying for a 13th straight day to match its record stretch in 1988 as the yen slips to its weakest in more than a decade.
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U.S.

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South Korea says two people have died after contracting Middle East Respiratory Syndrome, the first fatalities from an outbreak of the virus that has infected 25 in the country.
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China may have become the world’s largest importer of crude oil, but there is one thing it still lacks: its own oil market.
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Asia markets were little changed as traders digested lukewarm U.S. data. Meanwhile, the dollar wobbled against the yen.

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