U.S. business inventories rise 0.2% in October
Investing.com
Published Dec 11, 2014 10:01AM ET
U.S. business inventories rise in line with forecasts in October
Investing.com - U.S. business inventories rose in line with expectations in October, official data showed on Thursday.
In a report, the U.S. Census Bureau said that wholesale inventories increased by a seasonally adjusted 0.2% in October, meeting forecasts. Business inventories rose by 0.3% in September.
EUR/USD was trading at 1.2391 from around 1.2393 ahead of the release of the data, while GBP/USD was at 1.5682 from 1.5682 earlier, while USD/JPY was at 119.16 from 119.11 earlier.
Meanwhile, U.S. stock markets were higher after the open. The Dow 30 rose 0.95%, the S&P 500 rallied 1%, while the Nasdaq 100 tacked on 1.1%.
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Written By: Investing.com
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