Global investor confidence decreased 2.6 points to 105.1 in August, as measured by State Street Global Markets' Investor Confidence index.
All regions suffered decreases in confidence, but the overall drag was mostly attributed to European and Asian investors. European confidence fell by 8.2 points to 97.1, while Asian confidence dropped 7.6 points to 93. North American investor confidence had a more tepid decline of 1.5 points to 112.5.
A reading of 100 is neutral — investors are neither increasing nor decreasing long-term allocations to risky assets. The index is based on actual trades.
“Outside of North America, we observe some renewed caution, especially in Asia,” said Paul O'Connell, co-author of the report and vice president and senior researcher of State Street Global Markets, in a news release. “The pressure exerted on the currencies of large current-account deficit countries — notably Brazil and India — has certainly put a dent in confidence.”
