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Highlights
Led by a gain in North America, State Street's sentiment index for institutional investors jumped nearly seven points in May to 104.1 (April revised to 97.3). Confidence among those in North America, at 106.3, is above 100 to indicate allocation toward risk. Confidence among those in Europe, at 79.0, improved but is still well below 100 to indicate allocation toward safety. Asian confidence slipped several points to 96.7. The report notes that a pause in tightening cycles in the emerging markets, one tied to easing commodity prices and lower levels of general activity, would raise demand for risk.
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