State Street Investor Confidence Index November 2022
/The Global Investor Confidence Index (ICI) dropped by 14.0 points to 90.4 in November 2022. North American ICI dropped by 15.0 points to 88.7, Asian ICI dropped 14.2 points to 91.0, while European ICI increased 5.4 points to 91.8.
“Investors risk appetite contracted by its largest margin of the year as the Global ICI fell 14.0 points to 90.4, indicating falling equity allocations and overall market confidence,” said Marvin Loh, Senior Macro Strategist at State Street Global Markets.
“Growing recessionary concerns in North America contributed to the overall decline, with this regional measurement falling 15 points to 88.7, its lowest reading since the start of the pandemic. Asia recorded a comparably sizable 14.2 point decline to 91.0, as China’s continued adherence to its strict zero-covid policy obfuscated an expected regional rebound. Readings from Europe remained below 100, although they did marginally improve with a mild start to winter easing some concerns over the continent’s energy crisis.”
