Institutional investor confidence slips to lowest level in 4 months as US-China trade war persists

State Street's Global Investor Confidence Index (ICI) fell in August by 8.7 points to 75.9 in a new sign that the ongoing trade war between the US and China weights on business and investors' mood. The index fell to its lowest level in four months,down 8.7 points from July's revised reading of 84.6. Investor confidence across all regions fell, with the ICI in North America decreasing from 80.3 to 72.5 points and the European ICI dropping from 98.6 to 89.0 points. The Asian ICI slipped from 91.8 to 89.2. Rajeev Bhargava, managing director and head of Investor Behavior Research, Stat...