Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

31645

Investor confidence down 0.9 points to 79.2 in December

RELATED TOPICS​

State Street’s Global Investor Confidence Index decreased to 79.2 in October, down 0.9 points from September’s revised reading of 80.1.

The decrease in investor sentiment was driven by a 4.3 point drop in the North American ICI to 67.6 and a 1.5 point drop in the Asian ICI to 85.6.  Meanwhile in contrast,  the European ICI increased substantially for the second month in a row, rising from 107.4 to 132.9.
 
“Even with the stock market reaching new highs, US investor confidence declined further in October,” says Marvin Loh, senior macro strategist, State Street Global Markets. “Despite a more accommodative Fed, deepening geopolitical risks coupled with historically rich equity valuations in the US appear to be having a detrimental  effect on investor sentiment right now.”
 
“European investor confidence rose sharply again in October as positive developments in Brexit negotiations and trade war talks sparked large-scale equity purchases in the region,” says State Street’s Kenneth Froot who developed the index in conjunction with Paul O’Connell. “These events have prompted institutions to reduce cash levels; purchasing both equities to capitalise on pro-risk developments, and bonds to capitalise on an increase in yields.”

Latest News

Bequant has announced that it has launched a new capital introduction platform designed specifically for..
ndosuez Wealth Management has announced the launch of Indosuez Funds - Chronos Green Bonds 2028,..
New global research from industry association Global Digital Finance (GDF) shows most major financial institutions..

Related Articles

graph
The exodus from hedge funds continues with investors questioning unswayed by relatively strong performance from the alternative asset class...
The exodus from hedge funds continues with investors questioning unswayed by relatively strong performance from the alternative asset class...
Waves
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published, entitled The urgent need for better ocean-related data to make informed investment decisions...
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published,..
Frozen soap bubble
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct Authority says has a simple aim: “Financial products that are marketed as sustainable should do as they claim and have the evidence to back it up.”..
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct..
Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by