ECB's McCaul: Seeing exuberance in asset valuations in certain segments of equity markets

"Low interest rates are forcing a search for yield, easier access to credit is available which is, of course, is good unless it becomes excessive and contributes to an untenable credit risk environment," European Central Bank supervisor Elizabeth McCaul said on Monday.

"We also see exuberance in asset valuations in certain segments of the equity markets," McCaul added, as reported by Reuters.

Market reaction

These comments don't seem to be having a noticeable impact on market sentiment. As of writing, the Euro Stoxx 50 Index was up 0.42% on the day at 4,100.