Investor Confidence Index Falls to 91.7 in April

    BOSTON, April 17 /CNW/ - State Street Global Markets, the investment
research and trading arm of State Street Corporation (NYSE:  STT), today
released the results of the State Street Investor Confidence Index(R) for
April 2007.

    Global Investor Confidence fell by 7.6 points to 91.7 from March's
revised reading of 99.3. Looking regionally, the confidence of North American
institutional investors decreased from 114.5 to 100.2. The confidence of
European investors increased slightly from a revised reading of 87.3 to 87.9
points, while the confidence of Asian investors decreased from a revised
reading of 85.0 to 83.2.

    Developed through State Street Global Markets' research partnership,
State Street Associates, by Harvard University professor Ken Froot and State
Street Associates Director Paul O'Connell, the State Street Investor
Confidence Index(R) measures investor confidence on a quantitative basis by
analyzing the actual buying and selling patterns of institutional investors.
The index is based on financial theory that assigns precise meaning to changes
in investor risk appetite, or the willingness of investors to allocate their
portfolios to equities. The more of their portfolio that institutional
investors are willing to devote to equities, the greater their risk appetite
or confidence.

    "After last month's increase in confidence, some retrenchment this month
is perhaps not surprising," said Froot. "Whereas institutional investors were
ready and willing to provide liquidity during March's global sell-off, this
month they returned to a more balanced course. Leaving aside last month's high
reading, confidence remains at two-year highs, with institutional investors
continuing to allocate to equities and away from bonds."

    "In last month's commentary we anticipated some increased volatility in
confidence readings, due to the increase in overall buying and selling
activity in the first quarter," added O'Connell. "This month saw a pull-back
by North American investors, accompanied by more modest fluctuations in Asian
and European confidence. Equity indices have more or less returned to the
levels seen in mid-February, and it may be that tendency observed then for US
investors to allocate towards foreign equities will resume."

    About State Street Global Markets:

    State Street Global Markets provides specialized investment research and
trading in foreign exchange, equities, fixed income and derivatives. Its goal
is to enhance and preserve portfolio values for asset managers and asset
owners. From its unique position at the crossroads of the global markets, it
creates and unlocks value for its clients with original flow-based research,
innovative portfolio strategies, trade process optimization, and global
connectivity across multiple asset classes and markets.

    State Street Global Markets' research team of leading academic and
industry experts is committed to continually advancing the science, including
theory and application of its proprietary investor behavior research and
innovative portfolio & risk management technologies to help its clients
challenge conventional thinking, shape ideas, make more informed investment
decisions and deliver measurable results.

    About the State Street Investor Confidence Index(R):

    The index is released globally at 10 a.m. Eastern time in Boston on the
second to last Tuesday of each month. More information on the State Street
Investor Confidence Index, including frequently asked questions and a calendar
of release dates, is available at The previous month's
calculations for the index are revised to account for trading activity through
the end of the reporting period.

    About State Street:

    State Street Corporation (NYSE:   STT) is the world's leading provider of
financial services to institutional investors including investment servicing,
investment management and investment research and trading. With $12.3 trillion
in assets under custody and $1.8 trillion in assets under management at March
31, 2007, State Street operates in 26 countries and more than 100 geographic
markets worldwide. For more information, visit State Street's web site at

    This news announcement contains forward-looking statements as defined by
United States securities laws, including statements about the financial
outlook and business environment. Those statements are based on current
expectations and involve a number of risks and uncertainties, including those
related to the pace at which State Street adds new clients or at which
existing clients use additional services, the value of global and regional
financial markets, the pace of cross-border investment activity, changes in
interest rates, the pace of worldwide economic growth and rates of inflation,
the extent of volatility in currency markets, consolidations among clients and
competitors, State Street's business mix, the dynamics of markets State Street
serves, and State Street's success at integrating and converting acquisitions
into its business. Other important factors that could cause actual results to
differ materially from those indicated by any forward-looking statements are
set forth in State Street's 2006 annual report and subsequent SEC filings.
State Street encourages investors to read the corporation's annual report,
particularly the section on factors that may affect financial results, and its
subsequent SEC filings for additional information with respect to any
forward-looking statements and prior to making any investment decision. The
forward-looking statements contained in this press release speak only as of
the date hereof, April 17, 2007, and the company will not undertake efforts to
revise those forward-looking statements to reflect events after this date.


For further information:

For further information: State Street Global Markets Carolyn Cichon, +
617 664 8672

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