The U.S. Commerce Department released wholesale inventories on Wednesday. Wholesale inventories in the U.S. fell 0.1% in October, missing expectations for a 0.1 gain, after a 0.w% increase in September. September's figure was revised down from a 0.5% rise.

The decline was driven by a fall in inventories of non-durable and durable goods. Inventories of non-durable goods decreased 0.1% in October, while inventories of durable goods fell 0.1%.

Wholesale sales were flat in October, after a 0.5% gain in September.