Morning News Monday June 25th 2007
General News: - Sales of existing homes fell in May to the lowest level in four years while the median home price dropped for a record 10th consecutive month. - According to the Financial Times, there is weakening capital expenditures in the US and Euro Zone. The ratio in the US is expected to fall from 51% to 45%. (**Note: Capital Expenditures is the acquiring of fixed assets). - Iran has invited the UN Atomic Agency inspectors to Tehran in an attempt to resolve the conflict. The general strike in Nigeria has also ended. This has pushed oil prices lower.…