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The mood was upbeat in North America, where confidence showed an increase of 4.4 points over December’s reading of 103.5 to settle at 107.9. In Europe, by contrast, institutional investors were more wary, and their confidence fell 5.6 points to 98.9 from the December level of 104.5. Amongst Asian
institutional investors, confidence rose slightly to 98.1 from a level of 97.5 in December.
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