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Credit Suisse: European equities to outperform after “Frexit” relief

Following the results of France’s first-round presidential election, Credit Suisse remains positive on European equities given growth momentum and relatively cheap valuations in the region. Though National Front candidate Marine le Pen has advanced to round two of the elections, markets expect centrist Emmanuel Macron will ultimately win. “Markets are likely to react positively to the news, with the risk…

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