Anxieties that FRS can prolong a cycle of interest rates increase has put pressure upon the share market of the USA.

Let's remind that these fears strengthened after the leader of telechannel CNBC Maria Bartiromo informed that FRS Head Ben Bernanke stated that the markets misunderstood his comments on Thursday, judging by which the Central Bank of the USA was ready to finish a cycle of interest rates increase.

Chicago FRB Head Moscou agreed with Maria Bartiromo. He declared to the same channel CNBC during Saturday dinner in White House that Bernanke told that the market misunderstood his comments concerning a pause in a cycle of rates increase.

This message made investors to sell shares of the bank and financial sectors, sensitive to changes of monetary policy line.

In the further the published American data, which showed confident growth of consumer incomes and consumption, and also strengthening of pressure of a consumer demand in the USA upon prices could not change investors’ mood.

Let's remind that as Institute for Supply Management informed rates of growth of industrial activity in the USA accelerated in April, 2006. So, the index, which reflects activity in the US industrial sector, grew up to 57.3 points in April, 2006 from 55.2 in March. And experts forecast that April value of the index would make 55.0 points.

Thus the new orders index reduced to 57.6 points in April from 58.4 points in March, the price index rose to 71.5 points from 66.5 points, and the employment index increased up to 55.8 points from 52.5 points.

It is necessary to remind that value of the index above 50 points means expansion in sector, below - recession.

Another important indicator - construction spending in the USA, has hit a record. We shall remind that as the US Department of Commerce informed construction spending in March, 2006 grew 0.9 % by February adjusted for seasonal variations up to record $1.199 billion. And experts forecast growth of the parameter of 0.4 %.

Thus according to refined data, in February construction spending in the USA was up 1.0 % by January, 2005 instead of 0.8 % as it was informed earlier. And year over year construction spending in the USA was up 8.4 % in March, 2006.

Experts notice that pressure upon stock indexes increased after oil quotations renewed its growth on Monday. The reason of a rise in oil prices became news about a fire in Italian oil-refinery in Sicily, which capacity makes 160.000 barrels a day. And though the fire has soon been liquidated and has not damaged strongly, however when works will renew is not known yet.

Besides in Nigeria, a big exporter of raw material, about a quarter of oil-production stands idle because of militants’ diversions.

Let's remind that June futures for the American light oil on Monday hiked $1,82 up to $73,70 for barrel.

As a result Dow-Jones index of New York stock exchange fell 23.85 points and was closed at a level 11343.29. NASDAQ index was down 17.78 points and is at a level 2304.79. S&P 500 index dipped 5.43 points and is at a level 1305.18.

30-years U.S. Treasury notes’ yield rose 0.058 in comparison with the previous closing and makes 5.227.

We still recommend to wait for correction of indexes. After that there are possible purchases of futures for Dow-Jones and S&P 500 indexes. While it is necessary to remain outside the market.