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Global Stock Market

U.S. wholesale inventories surged in September

U.S. wholesale inventories increased more than expected initially in September, but automobile stocks declined further amid a global semiconductor shortage, which is undercutting motor vehicle production.The Commerce Department said on Wednesday that wholesale inventories increased 1.4%, instead of 1.1% as estimated last month. Stocks at wholesalers rose 1.3% in August. …

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ECB’s Schnabel: Central banks must pay attention to house prices

Isabel Schnabel said that house prices need more attention from financial stability and price stability viewpoint. Schnabel indicated that owner-occupied housing would have contributed between 0.4 and 0.5 pp to data released by the Harmonised Index of Consumer Prices (HICP).The member of ECB’s executive board also insisted that monetary policy …

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