Creamer and Kim, both hoping to make their Solheim Cup debuts in September, shot second successive rounds of 68 for eight under 136 and led by two from Sorenstam, who had a best of day 66.
Davies had five birdies to stand at five under on 139 and shared fourth place with Sweden's Carin Koch. After a shaky start, Davies, a dual former winner, reeled off four birdies in a row from the sixth and recovered from a couple of dropped shots at the 10th and 11th with a two-foot putt for a two at the short 17th.
She said: "I dropped a shot at the fourth, but then hit a decent shot at the sixth and never looked back."
Becky Brewerton, of Wales, who had been the leading British player after an opening 68, fell away with an 80, but Sorenstam made a typical charge.
Aiming for her seventh win of the season, the Swede said: "Yesterday was frustrating because I missed so many birdie opportunities, but today I converted a lot of them and there was light in the tunnel again."
Michelle Wie, the 15-year-old American amateur, shot 75 in the first round with a new caddie, Brian Smallwood, on the bag. But the man who has worked for Gary Player and Christy O'Connor was replaced by her father, B J, and she improved with a 70. She said: "It was my decision. Our chemistry just didn't work."
In the Senior British Open Championship at Royal Aberdeen, England's Nick Job and Wales' Tony Price hit holes-in-one at the third hole.
Both players received 223 bottles of wine for their feat - a bottle for each yard of the hole.
Greg Norman started his first senior tournament with a five-over-par 76, while the American Tom Kite could only struggle to a 12 over 83 with Sam Torrance shooting a six-over 77.
The opening day of the Deutsche Bank Players' Championship in Hamburg was abandoned yesterday with the Gut Kaden course waterlogged.
None of the players had begun their rounds when play was called off.
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