Morning News Monday June 18th 2007
General News: - Wall Street Journal runs a story about problems compiling in the sub prime market. They mention that Moody’s cut 131 bonds backed by pools of sub prime loans worth $3 billion due to defaults and delinquencies. - Oil and gasoline futures rose Monday after Nigerian oil unions called a strike for this week, pushing crude prices past Friday's $68 close. Asia/Europe: Asia: - Bank of Japan’s Fukui said that the Euro is gaining as a reserve currency. He noted that there is strong domestic demand reflected in the CPI. - Japan’s Economic Minister, Ota, said…