Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says

"Markets sometimes are underestimating the potential impact of geopolitical risks that are there," European Central Bank Vice-President Luis de Guindos told CNBC.

"We are talking about the electoral cycle that is going to take place not only in the U.S., but as well in Europe. And simultaneously, we are referring to geopolitical risks. I think that, you know, markets sometimes are underestimating the potential impact of geopolitical risks that are there," Luis de Guindos told CNBC's Annette Weisbach.

"Growing signs of pricing-for-perfection creating the potential for outsized market reactions to disappointments," the report said.

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