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Investor optimism dips in April according to UBS Index of Investor Optimism

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Individual investors across Europe were slightly less optimistic in April as continued economic weakness and the expectation of higher interest rates raised investor concerns, according to the Index of Investor Optimism-EU 5, the European counterpart to UBS' highly regarded Index of Investor Optimism-US.

The April Index is currently at 26, down six points from 32 last month. In particular, the outlook for economic growth over the coming 12 months dampened, with 36% of private investors expressing pessimism in April, compared with 32% in March. Similarly, 34% of those surveyed voiced a lack of confidence in the outlook for stock market performance in the coming year, compared with 31% last month. However, on broader economic issues such as unemployment, investors were more optimistic, with 28% saying they were somewhat optimistic, compared with 23% in March.

London, 22 April 2002