After a brief recovery in May the State Street Global Investor Confidence Index fell back below 100 in June, losing 5.1 points to settle at 99.2.   The decline was most pronounced among North American investors, whose confidence fell 5.8 points to 100.4 from 106.2 in May.   In Asia, investors’ risk appetite also fell, by 3.7 points, to a reading of 93.2 from 96.9 in May.   In Europe, however, investor confidence rose by 8.5 points to 87.9, up from 79.4.   “The month saw the release of a number of indicators that offered further confirmation that global growth has slowed,” said Harvard University Professor Kenneth Froot, who developed the index with State Street. “In the U.S., policymakers pointed to Japanese supply disruption and elevated natural resource prices as potential culprits, but beyond these concerns, there is the prospect of further slowdown in China to consider, as well as the difficulties surrounding Greek sovereign debt. Institutional investors have responded to these worries and suspended, for now, the accumulation of risky assets that they began in May.”


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