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 signal an underestimation of the risks, a hypothesis that is supported by various indicators. [...]