06/07/07 FTSE 100 6635.2, -37.9 Dow 13565.8, -11.5 FTSE 250 11802.8, -31.4 Nasdaq 2656.65, +11.7 FTSE All Share 3428.06, -17.27 S&P 500 1525.4, +0.55 Nikkei 18140.9, -80.5 Hang Seng 22348, +95 Oil (Brent) $75.95 Gold $650.60 Base Rate 5.75% 10 Yr Gilt 5.533% £/$ 2.01 Euro/Gbp 0.6761 Market report  US markets were mixed yesterday with the Dow ending a week long winning streak. Trading was tentative in a relatively light session as investors looked towards the widely anticipated June jobs report. The Institute for Supply Management released its June services index, which came in stronger than expected, indicating growth in the huge US service sector. The Dow Jones slipped 11.5 points to close at 13,535.8, the S&P 500 rose 0.55 points to end at 1,525.4. The Nasdaq gained 11.7 points to finish at 2,656.65. A number of tech stocks hit new highs in the session to make the Nasdaq the strongest of the three major indexes. Apple Inc reached $132.97 during the session, but settled 4.4% higher at $132.75 to make it the top weighted gainer. The company continued its climb after reports of strong sales momentum for its iPhone. Research in Motion was the second biggest climber, also hitting record high during the day. Shares closed 4% higher at $216.19 on news that the company had gained permission to sell its handheld devices, including the BlackBerry, in China. The news that Blackstone Group were to buy Hilton Hotels Corp in a deal worth $26 billion wasn't enough to push blue chip stocks into positive territory. But Hilton itself rallied 26% to $45.39, while rivals Marriott International and Star Wood Hotels both gained around 7%. Other deal news included Coca-Cola, who said Wednesday that it was weighing up a bid for Snapple, the iced tea division of Cadbury Schweppes. Coca-Cola slipped 0.43% to $52.67. Elsewhere General Motors Corp fell 3.2% after the automaker reported a 21% drop in US sales in June. The decline was much more than expected and led to Bear Stearns cutting its recommendation of the stock. GM was the biggest weight on the Dow. Treasury prices fell after the ISM released its service sector index as investors believed this could result in an interest rate hike. The yield on the 10 year note climbed to 5.14% from 5.04% late Tuesday. US light crude oil fell $0.31 to $71.10 following the EIA's report on fuel inventories. COMEX gold for August delivery declined $4.80 to $650.60 an ounce. The Nikkei fell 80.5 points to close at 18,140.9 this morning. Electric power companies and property developers paced declines on fears of a rate rise by both Japanese and US governments. Marubeni Corp led gains by trading companies after the price of oil climbed above $72 a barrel for the fist time since August 2006. The Hang Seng is currently 95 points higher at 22,348. Citic Pacific gained on continued speculation that local shares will benefit after China eased curbs on overseas investment. Hutchison Whampoa and Cheung Kong both advanced after brokerages lifted price targets for the stocks. The FTSE 100 Index finished the day down 37.9 points at 6635.2, with markets in the US opening on the back foot after the Independence Day holiday. Investors had taken the Bank's decision to up rates to 5.75% in their stride, but the early US falls put pressure on blue chips with little else in the way of corporate news or economic data to provide direction. Plumbing and heating products group Wolseley topped the fallers board after a trading update failed to excite investors. The stock was down 3%, or 32p to 1183p. Heavily weighted Vodafone also featured as one of the day's biggest share fallers, slipping more than 2%, or 4p to 162.1p, after reports suggested the mobile phone giant had lost out on an exclusive deal to act as the network provider for the new Apple iPhone. Vodafone had been seen as the favourite to secure the rights to sell the sought-after gadget but speculation today put rival O2 in the frame to have secured the contract. Broadcaster ITV was also off, falling 2%, or 2.3p to 112.2p, after broker Morgan Stanley cut its annual forecasts for the group following yesterday's confirmation of a loss at Carlton Screen Advertising and a slump in operating profits at ITV Play. British Airways shares were knocked after Deutsche Bank said security issues will prevent the airline from meeting its 10% margin target. Shares were down 9.5p at 431p. Xstrata was enjoying better fortunes up 2%, or 61p, at 3170p after analysts said the knock back in its bid for Australia's Gloucester Coal was "immaterial" in view of its strong investment case. Supermarket group Morrisons was another gainer, up 4p at 305.5p amid speculation that the company had received several approaches regarding the possible sale of a portfolio of some 25 sites, thought to be worth up to £1bn. The stock rose despite a lack of any confirmation from the firm. London congestion charge firm Capita was on the front foot with an improvement of 10p to 741.5p, helped by a broker upgrade from Deutsche Bank. Economic report    UK Industrial Production (May) 0930 BST The PMI manufacturing survey has pointed to relatively robust growth so analysts expect manufacturing production to make a small monthly gain, although decent by historical standards. This would provide evidence that the level of sterling isn't yet hurting exporters. US Non-farm Payrolls (Jun) 1330 BST/0830 EDT Analysts expect non-farm payrolls to rise by 160,000. Initial jobless rose 324,000in the survey week, but on average stayed low. Last month's payroll diffusion was healthy at 54.9. The Conference Board's confidence reports showed negative news with the Jobs Plentiful index falling to 27. from 29, while the Jobs Hard to Get index rose to 21.1 from 19.7. Look for unemployment rate to stay at 4.5%. Average hourly earnings could rise 0.3%, with the y-o-y rate slowing to 3.7% from 3.8%. 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. 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