SINGAPORE (Dec 30): The State Street Investor Confidence Index (ICI) declined slightly in December to 79.7 points, down 1.3 points from the previous month’s revised reading of 81.0.
Released on Monday, the index revealed that the decrease was attributable mainly to a 24.5-point plunge in the European ICI to 109.4. The sharp decline was noted to be from a combination of weaker economic data and effects of continued uncertainty of a hard Brexit on the region.
However, not all was doom and gloom. North American ICI ticked up by 3.9 points to 71.6, while Asian ICI increased 4.3 points to 89.9.
