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EM Earnings Much Better Than Expected: Adrian Mowat

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October 21: JPMorgan’s Adrian Mowat is very encouraged by earnings signal coming from emerging markets, as most of the results are beating estimates despite a turbulent quarter. There was hardly any earnings growth in EMs in 2012, he says, adding that even high single-digit earnings growth is enough to boost confidence. Equities have still done well for the local Indian investor, he adds.