China: Balancing act continues after NPC

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The annual National People’s Congress broke little news, but it offered some clues on economic policy direction in 2015. On the whole, we expect Beijing to continue supporting growth to

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24 Mar 2015

China’s millennials help re-write the rules on emerging-market investing

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Disruptive demographic change in China—including the emergence of an affluent class of ‘millennial’ consumers—underlines the need for investors to take a more calibrated approach to emerging markets, global asset manager

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19 Mar 2015

Asia: are financial imbalances still a constraint for monetary easing?

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While some Asian central banks have embarked on a rate cut cycle, thanks to lower inflation resulting from falling oil prices, others remain cautious. The main concern among those hesitant

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05 Mar 2015

Consumer revival bolstering US growth prospects

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The US economy is getting a shot in the arm from a consumer sector that’s showing renewed vigor. This upswing should more than offset a stumbling energy sector, and it’s

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04 Mar 2015

Labor markets in 2014: a year like few others

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Strong and broad-based labor market gains in 2014 clearly indicate a significant change in the economic cycle and strong momentum into 2015. Policymakers have been waiting for a substantial turn

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19 Feb 2015

Euro-area growth: reasons to be cheerful

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Much has been written about the bleak medium-term outlook for euro-area growth. We agree with most of this. But that doesn’t mean the business cycle is dead. In our view,

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18 Feb 2015

AllianceBernstein launches new branding initiative

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AllianceBernstein L.P. (“AllianceBernstein”), the global investment management firm with US$474 billion in assets under management as at December 31, 2014, has unveiled a new brand identity that better reflects the

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10 Feb 2015

European investors may hold key to Asian bond market performance

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The European Central Bank’s aggressive monetary easing may have a significant impact on Asian bond markets, given the large presence of European investors in the region. In particular, markets in

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09 Feb 2015

Bond outflows weigh on the Euro

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Euro-area residents have bought large quantities of foreign bonds since short-term interest rates moved into negative territory last June. With the European Central Bank about to embark on a largescale

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05 Feb 2015

Stonger US economy and implications for Fed policy

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Over the past three quarters, the US economy expanded at a 4% annualized rate, the fastest gain in a decade. The economy is also starting 2015 with added stimulus from

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04 Feb 2015