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A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, United States, on April 23, 2026. <\/p>\n
Jinnah Moon reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n
International equity markets are overvalued and will fall, according to a senior Bank of England leader. <\/p>\n
Sarah Breeden, deputy governor for financial stability at the UK central bank, told the BBC in an interview published on Friday that macroeconomic risks were not fully assessed in equity markets. <\/p>\n
\u201cThere is a lot of risk out there and yet asset prices are at an all-time high,\u201d he said. \u201cWe hope there will be an adjustment at some point.\u201d<\/p>\n
It is unusual for Bank of England officials to be so clear about capital markets’ expectations. <\/p>\n
\u201cThe thing that really keeps me up at night is the possibility of multiple risks emerging at the same time \u2013 a major macroeconomic shock, confidence in private credit, AI and other risky valuations readjusted \u2013 what happens in that environment and are we prepared for it?\u201d Breeden said during the interview. <\/p>\n
Global equity markets have been volatile since the US and Israel launched joint attacks on Iran in late February, but many developed markets are still trading near record highs. New York on Wednesday S&P 500