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Pictet WM: DM equities to surge at same pace of earnings growth

With hard economic data confirming a strengthening of the global business cycle, especially in developed markets, Pictet Wealth Management expects DM equities to surge “at the same pace as” their earnings growth. “Recent hard data confirms that inflation pressure remains mild in both the US and the euro area,” the wealth manager said in its latest investment note. “We expect…

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