09/07/07 FTSE 100 6690.1, +54.9 Dow 13611.7, +45.8 FTSE 250 11867.3, +64.5 Nasdaq 2666.51, +9.86 FTSE All Share 3454.13, +26.07 S&P 500 1530.45, +5.05 Nikkei 18262, +121 Hang Seng 22813.1, +277.2 Oil (Brent) $75.29 Gold $655.65 Base Rate 5.75% 10 Yr Gilt 5.54% £/$ 2.0123 Euro/Gbp 0.6774 Market report  Stocks rose on Friday as investors cheered June's job report showing modest economic growth, which could keep the Federal Reserve on the sidelines for now. The DJIA added 45.84 to close at 13611.68 to end near sessions highs. The S&P500 added 5.04 points to close at 1530.44 less than 10 points shy of an all time record. The Nasdaq added 9.86 points to close at 2666.51. Friday's better than expected jobs report initially added to trader's worries that the Fed might raise interest rates in a bid to cool growth. That would boost the cost of borrowing, pressuring corporate earnings and buyouts and thus stock prices. But concerns quickly eased as stock traders focused more on the solid growth part of the report. A jump in oil prices lifted energy stocks across the board. Exxon Mobil added $1.30 to close at $86.46, while BP added 58 cents to close at $73.50 and Chevron added $1.11 to close at $87.68. But Microsoft edged lower after the company said late Thursday that it would take a more than $1bn charge for repairs to its Xbox 360 video game consoles. It also warned it had missed shipment targets for the end of June. Motorola added 4 cents to close at $17.84 despite the company's announcement that it expects to incur a net pretax charge of $101m in the second quarter in connection with previously announced staff cuts. Burger King fell slightly after the company said it has begun the rollout of transfat free cooking oil to its restaurants nationwide. UBS climbed nearly 1 percent on news that the company is replacing CEO Peter Wuffli with deputy CEO Marcel Rohner, among other executive management changes, after a hedge fund loss of $124m on a large bet on subprime mortgages. Genzyme closed $4.02 lower at $60.85 after the company said its treatment for diarrhoea worked no better than standard medication. Advanced Medical Optics have offered to buy Bausche and Lomb for $75 a share in cash and stock. The offer is an attempt to trump the $65 a share offer that Bausch & Lomb already agreed in May from Warburg Pincus. Macy's added $2.22 on renewed talk that the department store chain may be the target of a buyout. Chicago Mercantile Exchange Holdings added $19.11 to close at $574.80 after the company agreed to boost its bid for CBOT Holdings before a shareholder vote today. CBOT Holdings added $17.85 to close at $224. On the economic front, job growth slowed a bit to 132,000 in June, but the reading was slightly above economists forecasts for 125,000 and April and May numbers were revised higher. The unemployment rate held steady at 4.5 percent, in line with forecasts. Treasury prices fell after the jobs report, raising the yield on the benchmark 10 year note to 5.18 percent from 5.14 percent. Oil prices rose with US light crude for August delivery up $1 to $72.81 a barrel on NYMEX. COMEX gold for August delivery added $4.20 to $654.80 an ounce. In Tokyo the Nikkei added 121 points today to close at 18261.98, its highest close since May 2000 on a mix of much stronger than expected machinery order data and higher oil prices. Investors are now waiting to see if momentum remains to carry the Topix above the psychologically 1800 mark, the index rose 0.7 percent at 1792.23. Exporters had a good session as the euro hit a new lifetime high against the yen. Mazda Motor climbed 1.3 percent to Y712. But real estate stocks came under the hammer after machinery order data raised expectations of a Bank of Japan rate hike in August. In London the FTSE100 ended up 54.9 points to close at 6690.1, led by heavyweight oil stocks as crude prices surged to an 11 month high above $76 a barrel and shrugged off better than expected US jobs growth. Oil stocks added 23 points to the index with Royal Dutch Shell up 2.9 percent and BP up 1.1 percent. Oil prices are nearing last years peaks because production disruptions in Nigeria and output cuts by OPEC have raised concerns that global supplies are tightening just as demand is picking up from refiners in top consumer the US. Shell also benefited from an upgrade by Deutsche Bank. Miners were also in demand, contributing more than 13 points to the index, after Credit Suisse raised its price forecast on precious and base metals, prompting it to increase its price targets for some metal and mining companies, and on sector consolidation talk. The Daily Telegraph said Rio Tinto was drawing up plans to gatecrash Alcoa's hostile $28.6bn bid for North American rival Alcan. Rio declined to comment. The newspaper said Rio was understood to have engaged Credit Suisse and Deutsche Bank to advise it on a range of options, including a possible bid for Alcan. Kingfisher slipped 1.3 percent, its lowest level since June 2006 after Lehman Brothers cut its earnings forecasts and price target on the biggest home improvement retailer in Europe and Asia. Intercontinental Hotels dipped 1.4 percent after gaining 4.6 percent in the previous two session after being boosted by US private equity firm Blackstone Group $20bn plus debt takeover of Hilton Hotels Corp. Economic report    UK PPI (Jun) 0930 BST Oil prices in sterling rose around 1.0% in June so annual input price inflation will start to climb again in June. The focus should be on core output prices where analysts expect a smaller month-on-month gain of 0.2%, which would suggest manufacturers are having to take a hit on margins. US Consumer Credit (May) 2000 BST/1500 EDT Consumer credit has continued to rise steadily, growing at a 4.7% annualised pace in Q1. With both autos sales and ex-autos retails sales rising in May, analysts expect a USD6bn rise in consumer credit, split evenly between revolving and nonrevolving debt. 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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