Bank of England warns: Stock market valuations are too high, risk of "adjustment" looms

Despite the ongoing uncertainty caused by the US-Iran war, global stock markets have demonstrated resilience. Macroeconomic risks have not been fully priced into the stock markets. "There are significant external risks, yet asset prices remain at historical highs," she said. "We expect there will be a correction sooner or later." It is rare for officials of the Bank of England to speak so candidly about their expectations for the capital markets. (BBC)