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State Street Global Markets (SSGM) Global Investor Confidence Index (ICI) fell 8.9 points to 91.9 in February, driven by large drops in European and Asian ICIs which decreased by 16.6 points to 78.1 and by 17.5 points to 98.2, respectively.
At the same time, the North American ICT also slightly declined by 2.8 points to 93.3.
According to Rajeev Bhargava, head of investor behaviour research, State Street Associates, the slower than expected vaccine rollout combined with the added complexity of new, potentially more infectious variants elevated growth fears, particularly in Europe where official growth forecasts were recently lowered.
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