Europe bucks global investor confidence slump

Global investor confidence decreased by 2.4 points to 70.7 from a revised August level of 73.1, according to the State Street Investor Confidence Index for September 2008. European investors were most optimistic as their confidence rose 5.4 points to 81.8 from a revised August level of 76.4, while North American investors remained subdued at a level of 76.1, despite rising 0.9 since August. Asian investors’ confidence fell 2.5 points from 88.3 to a more pessimistic 85.8 The index measures investor confidence on a quantitative basis by analysing the buying and selling patterns of inst...