Investor optimism across Europe fell dramatically in September because of concern over the threat of...
Investor optimism across Europe fell dramatically in September because of concern over the threat of war against Iraq and continued economic uncertainty, according to research from UBS AG. The Index of Investor Optimism, created jointly by UBS and Gallup, fell 23 points to a level of -24 in September, down from -1 in August. This was the index's highest month-on-month loss to date and represents the lowest level since October 2001. The research revealed nearly half of investors, some 47%, are pessimistic about economic prospects, up from 39% in August. UK investors remain more positive than their peers in Italy, France and Spain.
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