Sentiment falls in October as market sell-off spooks investors

Europe saw largest drop

Investor confidence dropped in October, according to State Street's Investor Confidence index (ICI), amid concerns over high valuations and a peak in US earnings.

The Global ICI fell 3.4 points to 84.4 last month from September's reading, while the North American ICI dropped 2.6 points to 81.8. The European ICI posted the largest fall of the month, declining 9.3 points to 90.9 as confidence among European asset managers waned, while the Asia ICI saw a small drop of 0.3 points to 99.6. Brussels is currently fighting a war on two fronts with continued uncertainty of the Brexit negotiations and the ongoing saga with Italy's budget. "Confidence has fallen further in October and is more widespread, especially in Europe where not only are politica...