Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Inside the News: Brace for volatility in markets: Nomura

Monday, November 14, 2011 - 04:15

Nov. 14 - Expect further volatility in financial markets over the coming weeks, as there are further issues in the euro zone debt crisis despite Italy and Greece's recent actions, saysNomura's Shanthi Nair.

▲ Hide Transcript

View Transcript

They examined London night in Frankfurt new -- democratic governments and it's an increase off -- summer spike it's -- -- of -- and peripheral eurozone bond markets. At least for today you former European commissioner Mario -- takes the Helm in Italy. Replacing Silvio Berlusconi in a move aimed at restoring market confidence he faces a huge tossed -- and implementing unpopular. And painful fiscal reform what. Forms of markets that many say. I needed to bring down borrowing costs the the size of Italy's debt economy and bond market mean it's too big to be bailed out like -- Portugal or Greece Spain Greece -- leader Lucas -- team has said the support to three and four members of the public. But must win a confidence -- in this capital is on Wednesday that mile round mound next year's drop budget. Two Euro zone finance ministers in Brussels Thursday meanwhile inspectors from the IMF. The ECB and the EU will Begin arriving in Athens today to assess whether Greece qualifies for more bailout funds. In the markets Italian bond yields and spreads consolidate traders continued to take cover. Despite some of the extreme bets against this -- leave your -- you snobs -- lifetime highs of seven and a half percent last week. The cost of reaction to Monday's appointment suggest -- sale of up to three billion euros -- find your bonds today should go well. The -- off -- mountain high -- 138 but it's upholding around the 55 day moving average of 13760. Other Euro -- developments on trader at traders radars today include Portuguese and Spanish initial third quarter GDP estimates. And German Chancellor Angela Merkel will try to rally ho park and around the idea of closer European integration. And up to date congrats you're preinstalled threatening now were up by five tenths of 1% 9189. For the -- Europe for us 300 more analysis -- -- by no more equity strategist and -- net. I've -- item possibly this morning Sanjay how long Judy results and isn't going off this time around. Yes they think -- -- -- men's and last few days have been certainly falls to thank the east and should lift sentiment. -- -- the bond auction tradition go KFC mentioned. And also the vote of confidence unnamed stance that the expected them to. A close. -- sentiment then be policy. And we expect to be positive and markets do vanity based on this news. We do think that. Then -- the quality of the DS equal to. Over then the following the -- -- Because it -- issues to be assault. And as long as the ECB. Doesn't come out with a PO statement of support. Our ought to change in policy stunts. The -- -- could still be -- bombs and on the road as we go down. All right not. Yet APEC leaders over the weekend agree on ways suit. That counts of the economic -- from Europe we're always seeing the rest the world and away if you like turning away from Europe now compounding the problem sent. I don't think -- that there was huge expectation. That be would see other -- invest in you look at this blind. I think that. -- They're dead as a nation are those steps that we've seen over the -- over the weekend should certainly improve confidence and that. And I think that we could see other countries in the list all don't do -- you don't have given the object. We should be a positive fall well you don't. Okay -- thanks for talking with -- -- -- that finally President Obama has turned up the -- on China he says the US is fed up with its trade and currency practices. Speaking out about APEC summit in Hawaii Obama demonic -- net stop what he described as gaming the international economy. And -- to act as a quote grown up when it comes to -- -- on defense has been no immediate response from Beijing. Coming up Telekom Austria Sierra -- -- -- tried to joins us from Vienna to explain how is companies -- to -- time expectations. That's like at 930 London time. -- -- -- -- matchup problems is surprised.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Inside the News: Brace for volatility in markets: Nomura

Monday, November 14, 2011 - 04:15