On investors’ expectation of continuation of FRS rate increase, and also under pressure of Google decreasing papers the stock exchange opened with reduction on Wednesday.

Thus growth of US indicative10-years bonds yield up to 21-month's peak says about growth of investors’ anxiety about rates of the US financial market.

Now however sectors of traditional economy allow the market to be corrected a little higher. We shall remind that Google shares were down 1.5 % after the company published unintentionally its forecasts about profits and proceeds on its web site.

On Tuesday indexes decreased also on a background of fears of continuation of FRS rates increase and also the forecasts of profits of the chip-manufacturer Texas Instruments Inc., which disappointed investors.

But then the situation in the market started to change. Oil quotations sharply decreased at tenders on Wednesday after the publication of data on oil stocks in the USA.

Let's remind that the total amount of reserves was at a top for 7 years. Oil stocks rose whereas petroleum - dipped. According to EIA for a week, ended on March, 3rd, 2006, oil stocks were up 6.8 million barrels to 335.1 million barrels.

Petroleum stocks were down 1.1 million barrels to 224.8 million barrels. Distillates stocks were down 2,7 million barrels to 131,4 million barrels, and stocks of oven fuel - down 4.2 million barrels to 51.4 million barrels.

The bear moods in the market have amplified after the OPEC declared that decided to leave quotas for oil production at a level of 28 million barrels a day. We shall remind that earlier the cartel’s president had already declared about it. OPEC made a decision to hold a new meeting on June, 1st, to consider the problem on quotas once again.

"The decline happened after OPEC decision though data on stocks also contributed its share", - told Byin Kuzma from RBC Capital Markets.

Let's notice, that besides earlier OPEC representatives informed that they would take reasonable steps for stabilization of oil prices below a level $70 for barrel and for compensation of incomplete deliveries from Nigeria and Iraq.

As a result on Wednesday April futures for oil WTI were down $1.56 to $60.02 for barrel. And on today morning they traded in the same area.

As a result Dow-Jones index of New York stock exchange was up 33.05 points and is at a level 11013.74. NASDAQ index was up 2.38 points and is at a level 2270.76. S&P 500 index was up 3.34 points and is at a level 1279.22.

And US 30-years state bond yield was up 0.001 in comparison with the previous closing and makes 4.723.

We recommend keeping purchases of Dow-Jones index futures. The purposes of growth of the index remain former.