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Asian investors need to keep eurozone enthusiasm in check

With ECB monetary easing under way, they should prefer neutral stance on equities and stay negative on euro vs dollar.

Unemployment is running close to a euro-era high of 11.6 per cent, so the eurozone's inflation could remain depressed for quite some time even if the euro depreciates further.

IN the first six months, our Asian-based clients expressed increasing interest in eurozone stocks and debt as eurozone members emerged from recession. In the past few months, however, the economic backdrop has changed.

The latest data revealed eurozone growth stalled in the second quarter