Investor sentiment dips as investors put Europe 'on hold'

'Potential headwinds of a stronger euro'

Mike Sheen
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The State Street Global Investor Confidence Index fell 2.1 points from July to 106.8
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The State Street Global Investor Confidence Index fell 2.1 points from July to 106.8

Global investor sentiment fell slightly in August amid a more cautious approach to Europe as jitters over a stronger euro and the end of quantitative easing grow, State Street Associates research shows.

The State Street Global Investor Confidence Index fell 2.1 points from July to 106.8, as the European and North American indices fell by 4.9 and 0.3 to 89.3 and 111.8 points respectively. HL's Investor Confidence Index drops to record low Michael Metcalfe, senior managing director and head of global macro strategy at State Street Global Markets, said the decline comes despite the fact "everything appears to have gone right in the eurozone this year". "Growth and earnings have beaten expectations and political risk has not being realised," he said. "Nevertheless, the more cautiou...

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