After sharp falling in the beginning of trading session on Tuesday, on 17-th October, the American stock market cardinally changed a vector of trade after the publication of data of PPI and dynamics of industrial production in September.

Let's remind that core PPI, despite forecasts of increase in a range of 0,2 %-0,3 %, grew unexpectedly 0,6 %. Thus the volume of industrial production fell 0,6 % instead of expected decrease by 0,1 %-0,2 %.

We also remind that, in experts’ opinion, core PPI fully reflects inflationary processes and it is traditionally considered by FOMC members at decision-making on change of a credit policy.

As a result, growth of this parameter brought the certain doubts in expectations of investors about gradual easing of a level of credit rates in the first quarter of the next year. It is obvious that kept inflationary pressure can prevent realization of the further steps of the Federal Reserve on decrease in a level of the key interest rate.

However the situation in energy market continues to render key indexes long-term support. We remind that becoming cheaper oil pushes players to active investment actions, and the most active participants of the market are again bullish.

Let's remind that oil futures fell in price at the tenders on Tuesday. So, November oil future dipped $1,01 and was closed at a level $58,93 a barrel.

Also the bear moods were kept in the market of precious metals. Futures for gold decreased during the tenders. The price of December future contract was down $5,00 to $593,50 for ounce.

As a result, despite prevalence, as a whole, of the bear moods, some companies showed quite decent results yesterday.

Investors were pleased with successful financial parameters of pharmaceutical-hygienic colossus Johnson & Johnson, which papers grew 1,8 %.

Besides in opinion of analysts, J&J has good chances to continue forward growth in the near future

And leaders of growth were papers of Chicago Board of Trade, jumped up at once +13 %, or $17,48 up to $151,99 for a share. The reason of growth became news that Chicago Mercantile Exchange is going to get Board of Trade for $8 billion, thus the name of the new company will be CME Group. Besides earlier Board of Trade informed that incomes in the third accounting quarter were up 130 % and made 92 cents for a share, having exceeded analysts’ expectations by 12 cents. The proceeds increased 45 % to $163 million.

On a background of speculation about the further consolidation of branch papers of other stock exchanges rose in price. So, International Securities Exchange shares added $2,37 (+5 %) and were closed at a level $51,02 for a share. And IntercontinentalExchange Inc. papers grew +5,65 %, or $4,37 to $81,86 for a share.

The second in a rating of growth were shares of the small biotechnological company StemCells, hiked at once 8 %, and fixed above 200-days price level.

Let's remind that growth of StemCells shares from the beginning of week made 14,4 %.

As a result Dow-Jones index of New York stock exchange fell 11.37 points and is at a level 11969.23. NASDAQ index was down 14.00 points and is at a level 2349.84. S&P 500 index dipped 3.40 points and is at a level 1365.65.

And 30-years US Treasury notes’ yield was down 0.008 in comparison with the previous closing and makes 4.911.

We still forecast significant down movements of key share indexes. It will allow to open purchases of futures for Dow-Jones and S&P 500 indexes from optimum levels.

While it suggested to keep position outside the market.