State Street Global Exchange publishes the latest Investor Confidence Index (ICI) results. The index rose, compared to its August level of 89.7 points, by 5.8 points. In September, global investor confidence remains relatively low, says State Street Global Exchange.
Especially Asian institutional investors have contributed to the rise of the ICI: The Asian ICI rose from 105.9 to 118.6 points. “Investors are more optimistic on Asia, likely encouraged by continued policy support in China," Jessica Donohue, executive vice president and chief innovation officer, State Street Global Exchange, said.
The American ICI rose less strongly from 89.6 to 92.3 points. Kenneth Froot, co-developer of the ICI at State Street Associates, said: “North American institutional investors remain risk averse at the moment despite the more optimistic outlook for the economy and the Fed’s assessment of the near-term risks to be ‘roughly balanced’.”
European investors are less optimistic as shown by the fall of the European ICI from 86.8 to 84.9 points. “Inaction by the European Central Bank has prompted stock market volatility and has dented European sentiment even further,” says Donohue.