Thursday's sessions on Wall Street ended with a modest changes in the major indexes. In case of the S&P500 boosters totaled 0.02 percent. Throughout the day there was a low volatility and investors were focused on company earnings. The results of the banks not particularly surprised in deviation from the forecasts.

As a result, Europe should come into Friday's trading at levels similar to yesterday's close, which also indicates a modest change in the contract for S&P500, which is traded now at level oscillates around zero changes. In this arrangement, after the quiet opening, investors should quickly move to the macro calendar, in which there is a dose of important reports from the US and the results of US companies with the most important - Citigroup. In practice, this means that an important highlight of the day will be the period before trading on Wall Street. Night brought a strengthening of yen, which just grabs shortness of breath after the speech of the head of the Japanese central bank.

Warsaw WIG20 index is at technically neutral levels so it is difficult to expect today an important shift. In the short term WIG20 seems to look again at level of 2,000 pts., but the growth with low turnover suggests a scenario in which the current movement looks like the defense of ​​1,900 points area.