European Stocks Edge Up as Davos Forum Looms; Atos Plunges on Cash Flow Warning
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European stocks edged higher Monday ahead of German GDP data and the World Economic Forum annual meeting in Davos.
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Atos stock dropped 14% after the French tech company warned its free cash flow would miss guidance for the second half of 2022.
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Oil prices ticked higher, extending last week's gains, as Middle East tensions threaten potential supply disruptions.
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Major US banks reported lower Q4 profits last week, indicating slowing growth and potential consumer loan issues ahead.
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The global economy faces a year of uncertainty due to geopolitics, tight financing, and disruption from artificial intelligence, according to a Davos survey.