US DATA: July wholesale inventories +1.3%, sales +0.6%, inv/sales
ratio 1.16 vs 1.15 in June and 1.27 a year ago. Factory inventories were
already reported +1.0% for July, so business inventories could post a
solid gain depending on retail inventories. July’s wholesale inventory
gain was the largest since July 2008 and was led by solid gains in
almost every category