On Wednesday the American shares fell right after publications of the US consumer inflation data in April. Papers of banks, industrial groups and other companies dependent on FRS monetary policy have suffered more than others.

So, consumer price index in the USA made +0.6 % for April, at the forecast of +0.5 % for a month, and the previous value of +0.4 % for a month.

Consumer price index excluding food and energy in the USA for April made +0.3 % for a month, at the forecast of +0.2 % for a month, and the previous value of +0.3 % for a month.

These data, having shown growth of inflation, raised the probability of the further growth of FRS interest rates that as a result has led to intensive sales.

A situation in energy market has not supported the falling market. So oil quotations fell at the yesterday's tenders up to lows of the past 1,5 month.

The main reason of pressure upon oil quotations became data about growth of petroleum stocks for the last week.

As EIA informed yesterday oil stocks in the USA for a week, ended on May, 12th, 2006, were down 0,1 million barrels to 346,9 million barrels.

Thus petroleum stocks, according to EIA, were up 1,3 million barrels to 206,4 million barrels.

As a result June futures for the American light oil lost $0,84 to $68,69 for barrel. July futures for Brent oil lost $1,04 to $69,04 for barrel.

As a result Dow-Jones index of New York stock exchange dipped 214.12 points and is at a level 11205.77. NASDAQ index dropped 33.33 points and is at a level 2195.80. S&P 500 index was down 21.78 points and is at a level 1270.30.

30-year  US Treasury notes’ yield grew 0.056 in comparison with the previous closing and makes 5.274.

We recommend to wait for drop in Dow-Jones index to levels 10650 - 10750, and S&P 500 index to a mark 1245. After that, at presence of signals of growth, there will be an opportunity to open purchase of futures for the mentioned indexes.

While it is necessary to be outside the market.