The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Wednesday, January 25, 2012

Better than expected Euro data overnight (again)

From UBS:

OVERNIGHT DATA - Better than expected Euro zone PMIs

* EU: Euro zone manufacturing PMI (Jan) was better than expected at 48.7
(mkt: 47.3) from 46.9, and services PMI rose to 50.5 (mkt: 49.0), from
48.8. The composite PMI rose to 50.4 from 48.3, highest since August,
pointing to further stabilisation.

* EU: Manufacturing PMI rose in Germany to 50.9 (mkt 49, prev 48.4), but
France edged down to 48.5 (mkt: 49.0) from 48.9.