Maybe Obama works??

According to a report from State Street, North American institutional investors are regaining confidence while other regions are not.

Investor confidence is rising, according to the results of the State Street Investor Confidence Index for February 2009.

The index measures investors' confidence on a quantitative basis. It analyses the actual buying and selling patterns of institutional investors.

The index found global investor confidence increased by 12.7 points to 72.9 from January's level of 60.2. The increase was mainly driven by North American institutional investors, whose confidence climbed 13 points to 64.5.

There is evidence that institutional investors appear to have "left behind the extreme gloom that characterised their outlook towards the end of 2008," concluded the report.