Despite a situation, developing in energy market shares on Wall Street opened trade with growth on Tuesday.

The reason of growth was the information that the price for Nokia production exceeded forecasts on results of the first quarter. We shall remind that at the economists’ forecast of the price for phones 98 euros, it made 103 euros.

Also at opening of trading session Alcoa Inc. papers also grew. We shall remind that Alcoa Inc. informed on growth of the net profit, which was above experts’ forecasts.

However pressure from growing oil quotations have led finally key stock indexes to decline. The main reason of a rise in oil prices remains anxiety connected with deliveries from such large countries-exporters as Iran, Iraq and Nigeria.

As a result on Tuesday in New York oil again rose in price, having come near a historical high $70,85 for barrel. Thus May futures for the American light oil were up $0,24 to $69,98 for barrel. And May futures for Brent oil were up $0,62 to $69,37 for barrel.

Let's also notice that on Wednesday the International Energy Agency raised the forecast of oil demand of OPEC in 2006 on 400.000 barrels up to 29.4 million barrels a day.

And the forecast of oil deliveries by the exporters, not entering in OPEC, this year has been lowered to 1.15 million barrels. According to IEA statement deliveries from the countries, not members of the cartel, can be below the forecast on 300.000 - 400.000 barrels a day because of a bad weather and stoppages.

Besides the report noticed that reduction of production in Nigeria and a problem of breaks with deliveries from Iran will hardly be settled in the near future.

Moreover last statements of Iran President Makhmud Akhmadi Nijad about successes in uranium enrichment in analysts’ opinion the probability of the US preventive rocket attacks on the Iranian nuclear plants has increased considerably.

Another factor of pressure are structural imbalances in the US economy. So, for example, the annual report of Dallas FRB mentioned that budget deficit of the USA causes huge problems for the Federal Reserve.

"Deficit creates problems for a monetary policy as the Central Bank faces a difficult choice. Printing of money that promotes inflation, or high interest rates, harms to growth", - the report said.

"The more the policy interferes in a monetary policy, the more risk of financial shortsightedness, strengthening of inflation and flow-out of capital are in the country", - Dallas FRB experts consider.

As a result Dow-Jones index of New York stock exchange was down 51.70 points and was closed at a level 11089.63. NASDAQ index fell 22.92 points and is at a level 2310.35. S&P 500 index reduced 10.04 points and is at a level 1286.56.

And 30-year U.S. Treasury notes’ yield fell 0.033 in comparison with the previous closing and makes 5.003.

We recommend while keeping position outside of the market. New purchases of key indexes futures will be possible only after the end of correction.