The State Street Global Investor Confidence Index rose 5.4 points in January to 86.8 from 81.4 a month earlier, State Street Global Markets announced Tuesday. North America led the rise in global confidence, jumping 7.8 points to 86.3. In Asia, confidence also increased, hitting 91.0, up 3.9 points a month earlier. Europe, however, saw a drop in confidence, falling from 94.1 to 89.6.
The monthly index measures investor confidence or risk appetite by analyzing actual buying and selling patterns of institutional investors, State Street Global Markets, the investment research and trading arm of State Street Corp., said in a statement. A reading greater than 100 means that institutional investors are increasing their allocations to risky assets, meaning theyre buying stocks. A reading less than 100 indicates the opposite: investors are selling equity positions. A reading of 100 is neutral, meaning that institutional investors are neither increasing nor decreasing their allocations to risky assets.
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