Global investor confidence rose in May, inching up 1.8 points to 94.8 from 93.0 the month before, according to the State Street Investor Confidence Index.

The rise in confidence was driven by Europe, which registered 93.3 on the index, up 5.6 points from April. Asia, too, was bullish, with confidence edging up to 86.0 from 85.2. Among North American investors, however, confidence fell, dropping 2.2 points to 102.5.

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