2017 Economic Calendar
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State Street Investor Confidence Index  
Released On 4/25/2017 10:00:00 AM For Apr, 2017
PriorPrior RevisedActual
State Street Investor Confidence Index95.4 96.9 99.5 

The State Street Investor Confidence Index rose 2.6 points to 99.5 in April, with March's index level revised upward to 96.9. The rise in the confidence of global institutional investors was driven by a 4.6 increase in the North American confidence index component to 98.3. The European component also added to strength, rising 1.3 point to 96.1, while the Asian component weakened the reading by declining 5.1 points to 104.7.

State Street noted that the improvement in North America and Europe is occurring despite geopolitical tensions and policy uncertainty in the U.S. and abroad, bolstered by a better glow growth outlook and expectations of higher inflation. However, the index is still shy of the 100 level mark, indicating that risk appetite is neutral and awaits details of the new U.S. tax plan and possible resurrection of the health care reform act.

Though the April report was calculated before the French election, the confidence increase of the European component even prior to the results of those elections, which evidently increased risk appetite, shows that fears of geopolitical risk and weak economic growth may have been overplayed in prior months by European institutional investors.

The State Street Investor Confidence Index measures confidence by looking at actual levels of risk in investment portfolios. This is not an attitude survey. The State Street Investor Confidence Index measures confidence directly by assessing the changes in investor holdings of equities. The more of their portfolio that institutional investors are willing to invest in equities, the greater their confidence. The report's main index is global and is based on activity in 45 countries. The report tracks more than 22 million transactions annually. There are three published components: North America, Europe and Asia-Pacific. The separate weightings of the three components vary month to month based on investment activity and are not published. Also included in the global index, but also not published, is activity in South America and the Middle East.  Why Investors Care

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