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U.S. Wholesale Inventories Jump More Than Expected In August

A report released by the Commerce Department on Wednesday showed a bigger than expected increase in wholesale inventories in the U.S. in the month of August. The Commerce Department said wholesale inventories jumped by 1.0 percent in August after rising by 0.6 percent in July. Economists had expected wholesale inventories to climb by 0.8 percent.…

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Latvia's Trade Deficit Narrows In August

Latvia’s trade deficit narrowed in August from July, data from the Central Statistical Bureau showed Wednesday. The trade deficit fell to EUR 395 million from EUR 405.6 million in the previous month. In the same period last year, the shortfall was EUR 291.7 million. On a monthly basis, exports climbed 2.9 percent and imports gained…

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UK Visible Trade Gap Widens In August

The UK’s merchandise trade deficit widened in August from the previous month and was bigger than economists expected, preliminary data from the Office for National Statistics showed on Wednesday. The visible trade deficit widened to GBP 11.19 billion from GBP 10.38 billion in July. Economists had expected a shortfall of GBP 10.8 billion. Total trade…

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Oil Holds Steady Despite Growth Worries

Oil prices held mostly steady on Wednesday as fears of disruptions to global oil supplies helped offset growth worries. Benchmark Brent crude was marginally lower at $84.98 a barrel after climbing 1.3 percent in the previous session. U.S. light crude futures were little changed at $74.97 a barrel. The International Monetary Fund (IMF) has cut…

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U.S. Producer Prices Rise In Line With Estimates In September

With an increase in prices for services offsetting a modest drop in prices for goods, the Labor Department released a report on Wednesday showing producer prices in the U.S. rose in line with economist estimates in the month of September. The Labor Department said its producer price index for final demand increased by 0.2 percent…

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Dollar Little Changed After U.S. PPI

The U.S. producer price index for September has been released at 8:30 am ET Wednesday. Following the data, the greenback changed little against its major rivals. The greenback was trading at 113.19 against the yen, 0.9929 against the franc, 1.1492 against the euro and 1.3147 against the pound around 8:33 am ET. The material has…