Investor confidence index rises in July
Global investor confidence rose 4.8 points in July to 96 from June’s revised reading of 91.2, said a unit of State Street Corp., which maintains a monthly investor confidence index.
"Confidence increased in North America, gaining 5.4 points to 99.9 from June’s revised reading of 94.5," said State Street Global Markets, the investment research and trading arm of State Street Corp. "Among European investors confidence rose 2.4 points from 97.6 to 100.0, and in Asia, following suit, confidence ticked up 2.1 points from 102.4 to 104.5."
One of the developers of the index is Harvard University professor Ken Froot.
“This month saw concerns about the sovereign debt situation in Europe providing a catalyst for confidence,” Froot said in a statement. “The sequence of relatively disappointing macroeconomic data emerging from the US over the month led to a decline in global equity prices, but institutions have responded by seeking to capitalize on these lower valuations.”
The graph with this post was included with the press release.