US Wholesale Inventories up to 1.2% in Jan from 0.1% in Dec

Mar 8, 2013

American equity markets edge higher on upbeat US data

The US Stock market experienced a positive opening Friday after upbeat data in the United States. Earlier in the US, the highly anticipated Nonfarm Payrolls (February) came in at 236K, against projections of 160K and compared with 157K previously. Unemployment Rate (February) has also steadied at 7.7%, which beat expectations of 7.9%.

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Mar 8, 2013

US: Wholesale Inventories beats consensus at 1.2% in January

Analysts were expecting a 0.3% rise in January, but wholesale inventories in the US surprised with a +1.2% change. December data was revised higher from -0.1% to +0.1%.

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