U.S. Manufacturing Data and AI Optimism Boost Stock Market

U.S. manufacturing data for January exceeded expectations, contributing to a rise in the three major U.S. stock indices on Monday. According to Ming Pao, the market is also optimistic about the upcoming earnings reports from AI-related stocks. Alexandra Ivanova, a fund manager at Invesco Global Income Fund, noted that current monetary and fiscal policies in major markets are favorable for both stocks and bonds this year. She advocates for a balanced investment strategy, with a relatively positive outlook on European and UK equities.