14/08/07 FTSE 100 6219, +180.7 Dow 13236.5, -3 FTSE 250 11167.9, +278.4 Nasdaq 2542.24, -2.65 FTSE All Share 3219.05, +89.43 S&P 500 1452.9, -0.75 Nikkei 16844.6, +44.6 Hang Seng 21884.3, -6.8 Oil (Brent) $69.99 Gold $680.90 Base Rate 5.75% 10 Yr Gilt 5.222% £/$ 2.008 Euro/Gbp 0.677 Market report  US markets ended almost flat yesterday, retreating from earlier gains which saw the Dow Jones climb almost 100 points. Just as the market opened the Federal Reserve announced that it would inject an additional $2 billion in reserves into the nation's banking system, this followed the ECB and the Bank of Japan adding $65 billion and $5 billion respectively, to the monetary system. The market also received a boost from July retail sales, which beat expectations, rising 0.3%. However, weakness in gold, silver, homebuilders and banks saw the market fall back to its start position and below. The Dow Jones slipped 3 points to close at 13,236.5, the S&P 500 edged 0.75 points lower to 1,452.9. The Nasdaq fell 2.65 points to end at 2,542.24. Goldman Sachs had helped lift the market early in the session following news that it would provide a $3 billion rescue package for a troubled hedge fund. The move was in contrast to other banks who have recently shut down funds. However, the move was not enough to keep the stock in positive territory as it finished 1.7% lower at $177.50. Accredited Home Lenders Holding Co was in focus after it announced that it had sued private equity firm Lone Star Funds, in a bid to force it to complete the $400 million takeover of the money-losing mortgage lender. Shares in the company were the biggest loser on the Nasdaq, plummeting 34.6% to $5.82. In the housing sector, Beazer Homes USA Inc lost 18.8% after stating Friday that an audit committee have found incorrect accounting. Shares closed at $12.34, while the Dow Jones home builder index fell 5.73%. On the upside, Sears Holdings Corp gained 5.6% to $140.55 after announcing that its board had approved a buyback of up to $1.5 billion. Shares of EMC rose ahead of the initial public offering of its VMware unit - which sells software used to manage data centres. The IPO is expected to be one of the strongest of the year, sending EMC shares 7.5% higher to $19.05. US light crude oil for September gained $0.15 to settle at $71.62 a barrel. COMEX gold slipped $0.70 to $680.90 an ounce. Treasury prices climbed, lowering the yield on the 10 year note to 4.76% from 4.8%. The Nikkei rose 44.6 points to end at 16,844.6 this morning. Trading companies and machinery makers led the market after investors judged recent losses excessive. Financials continued to fall on concern that US subprime investments will lead losses. Shipping stocks advanced after UBS lifted its share price estimates for the three largest companies in the sector. The Hang Seng is currently 6.8 points lower at 21,884.3. HSBC Holdings fell on concern that losses tied to US subprime investments will spread, damping growth in the world's largest economy. Ping An Insurance Co led insurers higher after UBS lifted its rating to "buy". The FTSE 100 Index gained 3% yesterday as world markets held their nerve after Friday's turmoil. The rise of 180.7 points to 6219 represented a large chunk of the deficit seen by London in its previous session, when fears over banks' exposure to losses in the US sub-prime mortgage market caused widespread investor alarm. The rally was led by heavily-weighted mining stocks, buoyed by an upgrade for the sector from Credit Suisse. Miners accounted for the top three Footsie risers with Antofagasta leading the way with a gain of more than 10%, or 65p, to 685p as brokers also highlighted healthy prospects for copper prices. Anglo American was 216p ahead at 2816p, Rio Tinto up 212p to 3220p, Kazakhmys up 113p at 1195p and BHP Billiton 87p stronger at 1348p. Meanwhile, worries over the exposure of banks to the credit crisis were partially put aside, with Barclays ahead 20.5p at 658.5p and Royal Bank of Scotland up 19p at 581p. Publishing group Daily Mail & General Trust also featured among the Footsie gainers. The company, which has recently boosted its portfolio of niche recruitment websites, was ahead 46.5p to 687.5p. ICI shares were ahead 17.5p at 642p, but the stock still lagged the 670p a share offer price agreed today with Dutch firm Akzo Nobel. Imperial Tobacco shares were ahead by more than 3%, as the Bristol-based firm received shareholder approval for its £11bn acquisition of Spain's Altadis. Shares were ahead 66p at 2133p. Among the few fallers, supermarket group Sainsbury's dipped after a newspaper report said bankers behind a £7bn financing of a takeover deal could now be getting nervous about their ability to sell the debt on given the recent crisis in global credit markets. Shares were down 2p at 547p. B&Q owner Kingfisher was the leading faller, down 3.5p at 211.5p, whileDSG International was on the back foot before closing 0.6p higher at 160p.   Economic report  UK CPI (Jul) 0930 BST Analysts expect CPI to fall back to 2.2% in July but believe the risks around this number are to the downside. Lower gas and electricity prices should shave off another 0.1pp and as petrol prices were broadly stable on the month, this should also reduce it by 0.1pp. US PPI (Jul) 1330 BST/0830 EDT Lower energy prices should offset higher food prices as we look for headline PPI to rise 0.1%, with the y-o-y rate staying at 3.3%. Analysts expect finished food prices to rise 0.8%, snapping back from a 0.8% drop in previous month and reflecting the impact of still rising crude and intermediate food prices. US IBD/TIPP Economic Optimism (Aug) 1500 BST/1000 EDT Last month's IBD/TIPP optimism index fell to 48.2 from 49.1, weaker than the July readings from the University of Michigan and Conference Board. Analysts look for a small drop to 47 this month, consistent with Michigan sentiment falling to around 86 later in the week. The details published in this e-mail are intended for information only and should not be construed as advice under the Financial Services and Markets Act 2000. Aventus Capital Management will not accept responsibility for any actions taken (or not taken) on the basis of information published in this e-mail. Aventus Capital Management is a trading style, "Aventus" is a trade mark and the Aventus logo is a registered trade mark of Rickerbys Solicitors.  Rickerbys is regulated by the Solicitors Regulation Authority.  Authorised and regulated by the Financial Services Authority.