Markets Await Backlash From European Risks, BNY Mellon's Young Says

The video discusses earnings estimate revisions in Europe, the S&P, and emerging markets. It highlights political risks in Europe, focusing on Brexit and Italy's budget issues, which could impact market volatility. The potential contagion effect from Italy's economic challenges and the role of euroskepticism and populist governments in Europe are also explored.

What is the primary focus of the blue line in the earnings estimate revisions?

• European equities

• S&P earnings revisions

• All world XUS

• Emerging markets

How might the market react if a Brexit deal is reached?

• Political risks will escalate

• Earnings revisions will be ignored

• Volatility will decrease

• Volatility will increase

What was Italy's initial budget target before it was increased to 2.4%?

• 1.6%

• 3.0%

• 1.2%

• 2.0%

What is a potential consequence if the European Commission rejects Italy's budget?

• Increased investment in Italy

• Strengthening of the euro

• Immediate economic recovery

• Existential threat to the eurozone

What drives the expectation of problems spilling over from Italy to other countries?

• Stable political environment

• Economic growth

• Euroskepticism and populist governments

• Increased trade agreements