Ray of light: Global economic confidence rises to 11-month high

It has been a mixed week for the markets, with financial institution bulls and bears engaged in yet another tug-of-war over Dow 8,000.

However, there is one objective, positive data point that the bulls can point to: confidence in the global economy. Confidence in the global economy has risen to an 11-month high on the heels of public policy efforts to loosen credit markets, a new Bloomberg News survey indicates.