State Street Global Markets: Global investor confidence decreased in January

State Street Global Markets: Global investor confidence decreased in January

January 28, 2021

Equity

State Street Global Markets released the results of the State Street Investor Confidence Index® (ICI) for January 2021.

The Global Investor Confidence Index decreased to 100.7, down 3.8 points from December’s revised reading of 104.5. The fall in Investor Confidence was driven by a 7.3 point decline in North American ICI to 96.0. Meanwhile, the European ICI and Asian ICI both increased, with European ICI rising 7.1 to 94.8 and Asian ICI rising 3.1 to 115.9.

“Investor confidence was generally stable in January with the Global ICI remaining near their highest levels in two years,” commented Marvin Loh, senior macro strategist at State Street Global Markets. “Vaccine rollouts and the prospect of additional stimulus in the U.S. provided a supportive backdrop for risk to start the year. However, increases in the number of new COVID cases and uneven vaccination rollout efforts have hindered further gains, with regional changes reflecting these differences. The decline in confidence in North America stands in contrast with the continued improvements in Asia, which has been buoyed by a more rapid return to economic expansion relative to western countries. The pace and efficacy of vaccine efforts over the coming months will certainly set the tone for investors at the start of this new year.”

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