Morning News Friday June 8th 2007
General News: - US trade deficit was slightly better at $58.5 billion. A deficit of $63.5 billion was expected. Exports were up 0.2%, but imports were down -1.9%. This is weak data showing weak economic activity. - Oil imports fell 0.2% and exports rose 2.1% - The money flowing into US mutual funds fell $356 million. ETFs saw a downturn in investment as well, falling $1952 million. - However, international mutual fund inflows rose $3.4 billion with an ETF inflow of $576 million. - $1.5 billion flowed out of treasury custodial holdings as well. - The Wall Street Journal says…