The group’s global investor confidence index rose to 122.8 in August, up from July’s revised reading on 115.6, State Street said, largely driven by an uptick in both the European and Asian indices that rose on the back of an improved outlook from investors within those regions.
State Street director Paul O’Connell said: “The impending targeted longer-term financing operations (TLTROs), a lack of inflationary pressures across the Eurozone, and the potential for more unconventional easing from the European Central Bank (ECB) may have provided tailwinds to European sentiment.”
While, on the Asian front, O’Connell added that resilient Chinese growth has reduced fears of a hard landing provided a fillip to Asian confidence.
“With Chinese inflation running at low levels, the People’s Bank of China may also have further room to stimulate the economy,” he added.
