Asia optimism fails to dispel equities gloom

Institutional investors' appetite for equities diminished to a record low in December, according to a monthly index of sentiment provided by financial services company State Street, despite an improvement in feeling among Asian fund managers.

The State Street Investor Confidence Index dropped 6.5 points to a record low of 48 from its level in November, according to State Street Global Markets, State Street's investment research and trading arm.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached