State Street Global Markets has released the results of the State Street Investor Confidence Index (ICI) for January 2020.
The Global Investor Confidence Index decreased to 76.5, down 3.2 points from December's revised reading of 79.7.
The North American ICI fell 3.4 points to 68.2 and the European ICI dropped from 109.4 to 105.5, a 3.9 point decline. Meanwhile, the Asian ICI rose 4.8 points to 93.9.
"It is telling that the confidence of European investors has continued to fall. This is similar to the first round of asset purchases from the European Central Bank (ECB) that the promise of buying has as big - if not bigger - signaling effect for investors than the action of buying itself," commented Michael Metcalfe, head of Global Macro Strategy, State Street Global Markets.
"Meanwhile, the cutoff date for this reading (1/22/2020) means that the potential impact of the escalated contagion from the Novel Coronavirus on sentiment will not be captured this month," he continued.