On a background of economic data, which reduce probability of the further increase of FRS interest rate, the American shares on Wall Street grow since the beginning of trading session.

Let's remind that according to yesterday’s reports producer price index in the USA made +0.9 % for April, at the forecast of +0.8 %, and previous value +0.5 %.

And PPI excluding food and energy in the USA made +0.1 % for April, at the forecast of +0.2 %, and the previous value of +0.1 %.

The main reason of increase in producer prices became maximal growth of fuel cost for a year.

Besides the subsequent statistics has shown that after almost two-year cycle of FRS rates increase investors’ activity in housing market reduced.

Let's remind that the housing starts in the USA made 1.849 million for April, at the forecast 1.965 million. And the previous value is revised from 1.960 to 1.996 million.

As a result the indicator was considerably below the forecast and achieved a low since November, 2004. And drop in the indicator is the most significant for more than a year in comparison with the last month.

And building permits in the USA made 1.984 million for April, at the forecast 2.045 million, and the previous value 2.059 million. As a result this indicator reached a minimum level since February, 2004.

As a result cooling of housing market can enable FRS to make a pause in a cycle of increase of rates.

Indexes were supported by the information that Wal-Mart shares grew 37 cents up to $478. Players have apprehended optimistically the message that the company’s profit in the first quarter made 63 cents per a share that has exceeded economists’ forecasts.

Then the situation on Wall Street started to vary. Hewlett-Packard and Intel papers were under pressure. And Home Depot shares have lost in the price at once 5,1 %. The quarterly report showed that sales volumes of the company were below expectations.

Oil quotations on Tuesday traded in a narrow range. So, at the beginning of trading session the prices continued decrease and then on a background of geopolitical intensity to closing of the tenders oil traders started to fix profit that suspended the prices from the next decrease.

As a result June futures for the American light oil added $0,13 up to $69,53 for barrel. And July futures for Brent oil lost $0,10 to $70,08 for barrel.

We shall remind that today there are published data on petroleum stocks in the USA, which, predictably, were up 1,6 million barrels in comparison with the last week. If the given forecast is true, drop in oil prices will most likely proceed.

As a result Dow-Jones index of New York stock exchange fell 8.88 points and was closed at a level 11419.89. NASDAQ index dipped 9.39 points and is at a level 2229.13. S&P 500 index was down 2.43 points and is at a level 1292.07.

And 30-year US Treasury notes’ yield fell 0.047 in comparison with the previous closing and makes 5.218.

We remind that we wait for continuation of descending correction of key share indexes. A strong signal in favour of continuation of correction will be drop in key indexes under Monday lows.

While being outside the market, it is necessary to wait for continuation of correction.