19 Sep 2013
Flash: There are still big risks out there - Westpac
FXstreet.com (Barcelona) - Richard Franulovich, Economist at Westpac, shared with clients a useful list of key risks ahead.
Key Quotes
"Berlusconi's position in the Italian Senate is looking increasingly precarious, placing significant risks for the Letta Government early October."
"Portuguese bond yields have surged in recent sessions on the deterioration in budgets and reform, leading S&P to warn on possible ratings action."
"German Chancellor Merkel looks set to have no choice but to widen her coalition next week post Sunday's federal election, which is something markets will not enjoy."
"Once the 'colour' of the German coalition is known, European finance ministers will have to turn their attention to the next Greek bailout."
"On top of this, the prospect of a partial US government shutdown in early October have increased too."
"Moreover, the US debt ceiling will need to be raised by mid-Oct to early Nov. The fiscal threat looks to have been one factor that influenced the FOMC decision."
Key Quotes
"Berlusconi's position in the Italian Senate is looking increasingly precarious, placing significant risks for the Letta Government early October."
"Portuguese bond yields have surged in recent sessions on the deterioration in budgets and reform, leading S&P to warn on possible ratings action."
"German Chancellor Merkel looks set to have no choice but to widen her coalition next week post Sunday's federal election, which is something markets will not enjoy."
"Once the 'colour' of the German coalition is known, European finance ministers will have to turn their attention to the next Greek bailout."
"On top of this, the prospect of a partial US government shutdown in early October have increased too."
"Moreover, the US debt ceiling will need to be raised by mid-Oct to early Nov. The fiscal threat looks to have been one factor that influenced the FOMC decision."