State Street investor confidence index up

The State Street Investor Confidence Index rose by 3.1 points to 106.3 in May from the revised April reading of 103.2. Confidence was up strongly in North America, where the benchmark rose 9.6 points from 95.3 to 104.9. Confidence also rose robustly among European investors, climbing 7.5 points from 76.8 to 84.3. However, risk appetite diminished somewhat in Asia, falling 4.9 points from 98.0 to 93.1.