Markets may be underestimating risks, sharp correction possible - BoI's Panetta

(ANSA) - ROME, JUL 15 - Bank of Italy Governor Fabio Panetta said Wednesday that the financial markets may be underestimating the risks the global economy faces and a major corrections could be in store. "The speed of the market recovery (following shock of the Iran war) should be interpreted with caution," Panetta said during a speech at the assembly of Italian banking association ABI. "It may indicate confidence in the global economy's ability to absorb these tensions. "However, it may also...

By ANSA