Global investor confidence defies financial woes

European investors’ confidence rose particularly strongly, to 81.6 from 73.4 points, according to the data, which measures investor confidence on a quantitative basis by analysing the actual buying and selling patterns of institutional investors. On a global basis, these institutional investors saw past soaring oil prices and other downbeat news to push State Street’s overall Investor Confidence Index up by 0.5 points to 81.4, from a revised May level of 80.9. North American institutional investors were rather less bullish than their European counterparts, with their confidence rising...