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U.S. business inventories rise 0.6% in April

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Investing.com -

Investing.com - U.S. business inventories rose more than expected in April, official data showed on Thursday.

In a report, the U.S. Census Bureau said that wholesale inventories increased by a seasonally adjusted 0.6% in April, above forecasts for a 0.4% increase. Business inventories rose by 0.4% in March.

Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.07% to trade at 1.3540.

Meanwhile, U.S. equity markets remained lower. The Dow rose 0.15%, the S&P 500 inched down 0.15%, while the Nasdaq 100 dipped 0.15%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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