Investor Confidence Index Rises to 97.2 in June

    BOSTON, June 19 /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 June

    Global Investor Confidence rose by 5.1 points to 97.2 from May's revised
reading of 92.1. Leading the way were North American institutional investors,
whose confidence rose from 100.1 to 105.8. The gain in European investor
confidence from 94.4 to 94.9 was more modest, while Asian sentiment dipped
from 85.8 to 83.8.

    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.

    "Globally, institutional investors are continuing to display an
inclination to allocate towards risky assets, leading Investor Confidence to
nudge back towards 100 for the second time this year," commented Froot.
"Growth prospects reflected in the bearish bond market are part of the story,
but even controlling for these fundamentals the appetite to take risk remains

    "Looking regionally, it is North American institutional investors who are
displaying the most enthusiasm," added O'Connell. "European investors have
followed suit to some degree, but Asian institutions have been reluctant to
deploy risk, and confidence there remains more or less at the same level as at
the start of the year."

    June Results
    Global               97.2
    N. America          105.8
    Europe               94.9
    Asia-Pacific         83.8

    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, June 19, 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 Corporation MEDIA CONTACT: Steve
Maguire + 1 617 664 3001

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