Investor confidence slips in May

Investor confidence slips in May

Global investor confidence fell slightly in May despite its increasing in Asia and Europe, according to State Street.

The State Street Global Investor Confidence Index (ICI) fell two points during May to settle at 106.6, with State Street executive vice-president and chief innovation officer Jessica Donohue citing North America’s 5 point decrease from 114 to 109 as a driver.

Ms Donohue said “weak earnings in the United States, renewed [US Federal Reserve] hawkishness and uncertainty associated with the upcoming presidential elections” were all factors in the decrease.

Elsewhere, sentiment was more positive, with both the European and Asian ICIs recording an increase on last month, and with increases of 1.4 and 4.1 respectively.

“The regional breakdown of our investor confidence index this month reveals an interesting story,” said ICI developer Kenneth Froot.

“Risk aversion remains central in Europe as investors doubt the efficacy of policy makers and anxiously anticipate the outcome of the UK referendum [on EU membership],” he commented, adding that fears of a Chinese yuan devaluation may “give investors pause”.

Read more:

Hub24 reports FUA of $3 billion

ASIC points to 'misleading' licensee conduct

Australian economy growing at 3.1%

Rabobank Australia announces new CEO

Related Articles


Investor confidence slips in May
investordaily image
ID logo
promoted stories


Karen McKeown

Local Government Super appoints director


Neil Cochrane

First State Super CEO to retire


Pally Bargri

AMP chief risk officer for advice departs

Killian Plastow


investordaily image

Corporate governance and advocacy in China

Therese Niklasson

Dug Higgins

The shifting LIC landscape

Dug Higgins

investordaily image

The perils of chasing niche infrastructure

Frithjof van Zyp