Published today in the US retail sales data surprise very positively both in the month of October, and the earlier one due to the revision of data from September, up from 0.6% to 1%. Data surprise no matter how we look at them. Very well performs the car sales, but without it sales rise by 0.8%.Generally in annual relation sales grew by a 4.3%. These data strengthen the dollar, because the December rate hike is clearly closer, which still should be treated as the base scenario.

The afternoon phase session on the Warsaw market has brought declines and all major segments are reporting on the red side of the market. The turnover is not especially impressive, also the day variability is not large. It seems that the better US data coupled with the re-strengthening of the dollar was badly received in the emerging markets, in Western Europe, we may not see any new downward pressure.

Wall Street opened with an increase of 0.2% and the first trades run fairly quietly. At the same time the behavior of the US market has ceased to be any signpost for the Warsaw Stock Exchange, which has chosen a completely opposite direction.

An hour before the end of the session the WIG20 index was at the level of 1,750 points (-0,22%).