Investing.com - U.S. business inventories rose in line with expectations in November, official data showed on Tuesday.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.3% in November, in line with expectations.
Business inventories rose by 0.3% in October.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.32% to trade at 1.3339.
Meanwhile, U.S. equity markets were lower after the open. The Dow Jones Industrial Average declined 0.15%, the S&P 500 index dipped 0.3%, while the Nasdaq Composite index lost 0.8%.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.3% in November, in line with expectations.
Business inventories rose by 0.3% in October.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.32% to trade at 1.3339.
Meanwhile, U.S. equity markets were lower after the open. The Dow Jones Industrial Average declined 0.15%, the S&P 500 index dipped 0.3%, while the Nasdaq Composite index lost 0.8%.