Global investor confidence is at its highest to date in 2012, having climbed 7.0 points to hit 93.4 in June, according to State Street Global Market’s Investor Confidence Index.
Despite this gain, at 93.5 the index remains “well below the neutral level of 100,” so it cannot be said that investors have become bullish, explained Professor Kenneth Froot. “However, it is fair to say that they have tempered their bearishness a little.”
The firm has attributed the overall hike in confidence to North American and European investors, whose sentiment rose 5.7 points to 93.8, and 4.5 points to 102.5 respectively.
By contrast, European investor confidence dipped the most in May, while global sentiment “fell slightly” by 0.7 points to 86.4.