US and Euro investor confidence dives

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Investor optimism remains low in August, according to a market confidence index assessing how much money is devoted to higher-risk equities.

Global investor confidence decreased by 6.8 points to 77.2 from a revised July level of 84.0, according to State Street Global Markets. This month it was North American investors who drove the move, State Street says, with confidence in that region declining from 85.8 points to 77.7. European investors also felt less optimistic, as evidenced by a three-point decline in their confidence from 80.3 to 77.3. However, Asian investors saw a modest improvement in their risk appetite for the second month, and their benchmark rose from a revised level of 85.3 points to 88.9. Ken Froot, a Ha...

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