Investors are moving in risk-on mode, according to the State Street Investor Confidence Index (ICI) for December 2020.

The Global Investor Confidence Index increased to 104.1, up 13.3 points from November’s revised reading of 90.8. 100 is viewed as neutral sentiment.

The North American ICI rose 15.9 points to 103.5, and the Asian ICI increased 17.4 points to 112.6. Meanwhile, the European ICI fell for the fourth straight month, dow...