State Street Global Investor Confidence Index rose 5.1 points in May

The State Street Global ICI increased to 102.5, up 5.1 points from April’s revised reading of 97.4. The improvement in sentiment was driven by an increase in the North American ICI from 95.1 to 104.1.

“After 10 consecutive months of readings below 100, Global investor confidence is finally picking up steam,” commented Rajeev Bhargava, managing director and head of Investor Behavior Research, State Street Associates. “Markets continue to anticipate a very gradual course for the Federal Reserve rate hikes, and with hopes for increased infrastructure spending and tax reforms, the North American ICI readings are resonating with the uptick in risk appetite.”