State Street issues investor confidence reading

Global investor confidence fell 1.4 points to 57.0 in November from October’s revised level of 58.4, and confidence among North American investors was essentially flat, declining 0.1 to 49.9 from October’s revised level of 50.0, State Street Global Markets said today.

State Street Global Markets, which provided the chart that tops this post, is the investment research and trading arm of State Street Corp., the Boston-based firm that provides financial services to institutional investors.

State Street's press release included a statement from Harvard University professor Ken Froot, who helped develop the investor confidence index.

“Coming on the heels of last month’s dramatic decline, this month’s readings provide a measure of relief,” Froot said. “While market prices saw further write-downs on the realization that fundamentals have deteriorated substantially in the face of a looming recession, institutional investors did not react as strongly as last month to these changing circumstances.”
(By Chris Reidy, Globe staff)