It's not going to get any easier for global markets in the coming week.

Global sharemarkets might have had the roughest week of the year so far last week, thanks to the unrest in Libya and other Middle Eastern countries.

This week however they not only have to contend with the deepening crisis in Libya and the impact that will have on oil pries and investor sentiment, but there are a couple of other factors that have emerged.

First of these will be a surge in uncertainty over the sweeping win in the Irish election of the opposition parties, Fine Gael and Labour, both of whom have talked about renegotiating parts of the 85 billion euro bailout package (especially the high interest rate Ireland is paying).

They also want to cut rents for