• WSE: After start on Wall Street

Market news

15 September 2016

WSE: After start on Wall Street

The first series of US data showed a slightly negative retail sales. Car sales fell by 0.9%. Total year-to-year sales continues to grow, this time by 1.9%, so the data were not fata. In addition, the number of weekly applications for unemployment benefits remained at a very low level. Overall, the data were not so bad and reduce the pressure on interest rate increases, which is favorable for emerging markets, including the WSE.

Further data showed a drop in industrial production and a lower-than-expected capacity utilization, however their impact on the atmosphere of the market was zero. There was no the slightest reaction or on the dollar, or the stock markets.

The market in the United States opens at neutral levels that could be expected from early morning.

An hour before the close of trading the WIG20 index was at the level of 1,741 points (+0,28%).

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