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Credit Suisse PB: Cyclical recovery of Asia gaining momentum

Even though Asian equities have taken a pause over the last month following a 7.2% YTD rally, Credit Suisse Private Banking expects the region’s economy to continue its cyclical recovery, underpinned by reflationary trends and favourable commodity prices. “[F]or the first time in six years, the current year’s annual EPS expectations have been upgraded by 4.3% year-to-date, led by the…

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