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Investor confidence weighed down by poor UK economic outlook - survey

Published 17/09/2024, 12:56
© Reuters.  Investor confidence weighed down by poor UK economic outlook - survey
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Proactive Investors - An index of UK investor confidence fell 13% over the past month, a period in which the FTSE 100 has fallen 0.2%, the S&P 500 rose 0.4% and the MSCI World index rose 0.7%.

The index, which is based on surveys of the retail clients of Hargreaves Lansdown (LON:HRGV), dropped by 11 points to 85, driven largely by concerns over the UK economic outlook, it said.

Confidence among DIY investors about European and North American markets remained stable, but confidence was weaker in the Asia Pacific, global emerging markets and the Japanese stock market.

Emma Wall, HL's head of investment analysis and research, said: “The only bright lights on the global dashboard are Europe and North America, despite political turmoil and stock market volatility in both.

“The data was collated before this week’s second assassination attempt on former president Donald Trump.

“This has caused significant noise regarding the safety of the candidates in the political race, and the impact of the outcome of November’s election – but it hasn’t had much impact on the S&P 500.”

The investor confidence index is compiled by surveying Hargreves’ clients on a monthly basis.

Read more on Proactive Investors UK

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