Global economic confidence falls on delayed recovery concerns

A minor setback on the investor confidence front: Confidence in the global economy declined for the first time in four months in July amid rising unemployment.

The Bloomberg Professional Global Confidence Index, which surveyed more than 2,500 Bloomberg users, fell to 39.13 in July from 43.57 in June. The index was at 5.95 in March. A reading above 50 means optimists outnumber pessimists. The survey was conducted July 6-10.