European Stocks Edge Higher as Davos Concludes; UK Retail Sales Slump
TL;DR Summary
European stock markets cautiously rose as the World Economic Forum in Davos concluded, with attention turning to data releases and corporate earnings updates; UK retail sales dropped by 3.2% in December, raising concerns of a potential recession; TSMC's upbeat annual forecast led to a surge in chip stocks in Asia, driven by AI-related demand; AllianceBernstein named top Asian stock picks for the next six months, while Morgan Stanley's 'conviction list' of global dividend stocks included AMD, Nvidia, and other S&P 500 names reaching fresh highs.
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