On a background of oil quotations’ decline shares on Wall Street began trade with growth on Friday. So, oil prices fell in price after the information on increases of petroleum output in the USA to cover “summer” demand.

Let's remind that according to the US Department of Energy from March, 18 till March, 24th petroleum making grew up to 8.3 million. Experts are sure that fuel stocks will be sufficient to cover demand in summer.

As a result cost of May futures for oil WTI on NYMEX on March, 31st was down $0.52 - to $66.63 for barrel.

It is necessary to notice that already on today morning on a background of market’s anxieties about a situation around Iran oil has again risen in price. Rise in oil prices could not be  constrained even by the statement of Minister for Foreign Affairs of Iran that his country would not use oil as the weapon and argument in dispute.

The statement of Qatar Minister of oil Abdulla al-Atiyya did not affect in any way a situation in energy market. The Minister said that if the oil prices remained in a former area OPEC would most likely change nothing in the next meeting in June. Besides Abdulla al-Atiyya noticed that the world economics is capable to work at oil price of $60 for barrel.

Friday releases also supported optimistical mood of investors. So, American consumer sentiment index, calculated by Michigan University, grew up to 88.9 points in March. Preliminary value made 86.7 points.

Thus experts forecast growth of the indicator up to 87 points.

Let's remind that this indicator is one of key economic indicators, and its value is calculated on the basis of the data of telephone poll of more than 500 consumers.

In economists’ opinion growth of the index in March has been caused first of all by rise of employment and wages that, in turn, has led to increase in expenses of the American consumers.

Another important parameter - Chicago Purchasing Managers Association index, reflecting business level in the Middle West of the USA, rose up to 60.4 points in March, 2006 in comparison with 54.9 points in February.

Let's remind that experts forecast that the index would grow up to 57 points.

Thus the employment index in March went up to 55.6 points from 54.9 points in February, the new orders index raised up to 62.2 points from 54.9 points, and the price index decreased to 71.1 points from 71.6 points.

The value of the index above a mark of 50 points means expansion in a sector, below - recession.

As a result unexpectedly high value of this indicator gives the basis to assume that value of ISM index, which publication is planned this week, will be also positive.

On a background of positive publications investors have not reacted practically to that factory orders in the USA, despite low levels, rose in comparison with the last month.

So, according to the US Department of Commerce volume of factory orders was up 0.2 % in monthly calculation up to $401.9 billion in February.

Experts expected growth of the indicator on 1.3 % after, according to the revised data, in January orders fell to 3.9 %. We shall notice that it was originally informed on reduction of the indicator on 3.5 %.

Durable orders, which service life is more than three years, were up 2.7 % after a fall on 8.9 % in January. More than half of total amount of factory orders fall to their share.

Undurable orders: chemical, paper, textile and pharmaceutical products, dipped 12 % in February.

As a result Dow-Jones index of New York stock exchange was down 19.99 pints and is at a level 1130.71. NASDAQ index was down 3.82 points and is at a level 2337.00. S&P 500 index was down 4.21 points and is at a level 1296.04.

And the US 30-years state bonds’ yield increased by 0.005 in comparison with the previous closing and makes 4.897.

We suggest keeping a waiting position, being outside of the market. The next decisions on futures purchases will be made after end of descending correction of key indexes.