European Central Bank President de Guindos warns that financial markets are vulnerable to a sharp sell-off

[European Central Bank President de Guindos warns: financial markets are vulnerable to a sharp sell-off] Finance Associated Press, May 31, European Central Bank Vice President Guindos said that if the global economy is hit any further, financial markets are likely to face a sell-off. "the market is likely to adjust because valuations are high, and if you look at risk premiums, they are compressed, so in case we have bad news on the macroeconomic outlook, it could lead to a correction in the market," Guindos said. "