OptionsDesk's Sebastian Blanco takes Proactive's Stephen Gunnion through UK retail sales figures for January, which came out better than expected with a 3.4% month-on-month gain.
Following news earlier in the week that the economy entered into a technical recession after contracting for a second consecutive quarter in the three months to 31 December 2023, Blanco said the retail numbers suggest it could be short-lived.
Blanco also previewed fourth-quarter results from stock-market darling Nvidia, due out on 21 February, following recent disclosures on its investment strategy. These include its historical ties with chipmaker Arm Holdings and its continued interest in expanding its portfolio and fostering innovation in AI technologies.