Confidence Edges Upwards

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    Global investor confidence is edging upwards to the neutral point, suggesting risk appetite is increasing, says the ‘State Street Investor Confidence Index.’For April, it increased to 99.5 points, up from 96.9 (revised) in March. Confidence among European and North American investors improved, while confidence declined among Asian investors. Kenneth Froot, of State Street, says “Our measure of the global investor confidence has been on the uptick for two consecutive months and resonated with the improving global growth outlook and expectations of higher inflation. Still shy of the 100 level mark, investors’ risk appetite appears to be on hold as they await details of a new U.S. tax plan and a possible resurrection of the healthcare reform act.”