Confidence drops in October: State Street

Confidence drops in October: State Street

Global investment confidence decreased 2.3 points in October, driven by a reduction in both North American and European confidence, says State Street.

According to the October 2015 State Street Global Confidence Index (ICI), global ICI decreased to 114.3, down 2.3 points from September’s reading of 116.6.

North American ICI fell from 133.2 to 125.5 with European ICI also falling, down 5.8 points to 89.9.

State Street Global head of macro strategy Timothy Graf said: “The drop in European investor sentiment is a worrying sign in light of some of the fundamental data we have seen across the currency union of late.”

“With inflation not recovering in the eurozone, recent central bank hints at further easing may need to become more concrete before we see a significant increase in confidence.”

While confidence fell across the majority of regions in October, Asia ICI rose by 13.2 points to 111.0.

ICI developer Kenneth Froot said this is the first time Asian investment confidence has ascended above the 100 (neutral) threshold this year.

“The increasingly accommodative stance taken by policymakers globally and hopes for state-owned enterprise reforms in China have had a large impact on Asian investors, boosting risk appetite by 13.2 points,” Mr Froot said.

According to Mr Froot, Asia’s revised reading suggests a “risk on” environment is developing in the region.


Confidence drops in October: State Street
investordaily image
ID logo
promoted stories


investordaily image

Fortnum hires former Centric Wealth CEO

Staff Reporter

Deborah Ralston

SMSF Association names new chair

Katarina Taurian

Curtis Cifuentes

Avenir Capital hires investment director

Staff Reporter


Maurizio Canton

Striking a balance between security and innovation

Maurizio Canton

Greg Kuhnert

Backing China in the Year of the Dog

Greg Kuhert

investordaily image

The benefits of good data governance

Steve Singer