On a background of forthcoming FRS meeting on the rate, which results do not raise doubts, shares on Wall Street have opened with little decrease.

Let's remind that the majority of analysts predict that result of Federal Open Market Committee meeting becomes increase of a level of the interest rate on 25 basic points up to a level of 4.5 % per annum.

However, the main intrigue of the meeting should become FOMC final instruction on which the market’s participants have tried to assume Committee further steps.

Let's notice that on a background of that the last economic data can be treated ambiguously, investors worried: how much the Committee members’ long-term expectations of increase in inflationary pressure are strong, and also whether they will carry out the further toughening of a monetary policy to balance economic growth and inflationary pressure.

Let's also remind that yesterday's economic data, as well as previous, were also mixed.

So, Chicago Purchasing Managers' Index in the USA made 58.5for January, at the forecast 61.0, and the previous value 60.8.

The employment index decreased to 50.2 points in January from the revised December 50.9 points, thus earlier it was informed on 51.7 points. And the new orders index reduced to 63.7 points from the revised 65.7 points, thus the former value - 66.7 points. One more important component of the report - a price index went down to 75.3 points from the revised 81.1 points, and the former value was equal to 83.8 points.

Let's notice that value of the index below a mark of 50 points means letdown, and above - activity in a sector.

And another important indicator – consumer confidence index in the USA for January became maximal for the last three years. Value of the indicator made 106.3, at the forecast 105.0. And the previous value has been revised from 103.6 up to 103.8.

Thus the index of an estimation of a current situation rose up to 128.4 points in January from 120.7 points in December, the previous value was 121.5 points. And the index of expectations dropped to 91.5 points in comparison with 92.6 points, the previous value - 91.6 points.

The number of those who believes that "now to find job difficultly", was down to 20.3 points from 22.5 points a month earlier, the previous value was 22.2 points.

Let's also remind that while calculating the index NFO Research Inc by Conference Board request surveyed about 5.000 American families.

Analysts notice that the maximal for five months increase in consumer expenses in December, according to these data, has caused restoration of consumer confidence to a national economy, which fell essentially after hurricanes and a rise in petroleum prices.

The key share indexes have been supported by Hilton Hotels Corp. growing papers. The net profit of the company has hiked 62% in the 4 quarter, 2005 on a background of growth of demand. The net profit made $105 million, or 26 cents per a share in 4 quarter in comparison with $65 million, or 16 cents per a share a year earlier.

Thus economists supposed that for the accounting period the profit per a share would make up 19 cents. The proceeds grew 3 % up to $1.08 billion, experts waited for proceeds at a level of $1.02 billion.

Thus the investors were under pressure of Merck and Co. quarter results. So, the profit of the company, according to the report, raised up to $1.12 billion, or 51 cents per a share in 4 quarter, 2005 against $1.1 billion, or 50 cents per a share the same quarter, 2004. Analysts expected on average the company’s profit at a level of 62 cents per a share.

As a result Dow-Jones index of New York stock exchange has fallen 35.06 points and was closed at a level 10864.86. NASDAQ index has dipped 0.96 point and is at a level 2305.82. S&P 500 index has dropped 5.12 points and is at a level 1280.08.

Profitability of the US state obligations for 30 years has fallen 0.023 in comparison with the previous closing and makes 4.685.

As a result you should proceed to keep purchases of Dow-Jones index futures. The purposes of growth of the index, stated earlier in our recommendations, hold good.