The U.S. Commerce Department released wholesale inventories on Tuesday. Wholesale inventories in the U.S. rose 0.9% in June, beating expectations for a 0.4% gain, after a 0.6% increase in May. May's figure was revised down from a 0.8% rise.

The increase was partly driven by a rise inventories of non-durable goods. Inventories of non-durable goods increased 2.3% in June, while inventories of durable goods gained 0.1%.

Wholesale sales climbed by 0.1% in June, after a 0.2% rise in May.