Global investor mood soured again last month, State Street, the US firm, has reported.

Global investor confidence has fallen again in February, according to State Street Global Exchange's monthly Investor Confidence Index.

The index recorded a 1.4 point dip in global confidence down to 105.2 last month, a slightly smaller decline than the 5.6 point slump registered in January. European investors were once again at the helm of the month's fall in confidence, recording a regional decline of 8.5 points down to 105.9 in February, its lowest level since April 2014.

“This suggests either that investors are not as complacent about events in Greece as some bond spreads suggest or that the promise of QE in Europe has proved more alluring than its reality. Neither interpretation is particularly good news,” said State Street Global Markets' senior vice president and head of global macro strategy, Michael Metcalfe.

According to the index, investor confidence in Asia withered 5.3 points to 93.8, compared to the 1.1 point dip the region registered in January.

In contrast to the dreary picture painted for Europe and Asia, the North American ICI surged 3.1 points to 104.3, which State Street attributed to an improved US job market.

“However, given the lack of inflationary pressures in the US, markets may push out their expectation of the first interest rate hike to later than the previously anticipated June date, which could provide a lift to sentiment,” said State Street Associates' Kenneth Froot.

The State Street Investor Confidence Index assesses allocation to equities to determine changes in confidence or risk appetite.