ECB's Schnabel sees 'disconnect' between stock market valuations and fundamentals

LONDON, May 7 (Reuters) - ​European ⁠Central Bank ​board member Isabel Schnabel said on ​Thursday ‌that there appeared ⁠to be a disconnect between ⁠record stock ​market valuations and the risks facing the global economy.

"There ​really ‌seems to be a kind of disconnect," she said at an ​event at the London ‌School of Economics. "One could question whether ... markets ‌are possibly a bit complacent here."

Schnabel said markets appeared ​to assume that damage to energy ‌supply chains from the Iran war would be ⁠rapidly ⁠reversed - something ‌she viewed as unlikely - and had ​very ​optimistic expectations for ‌productivity gains from artificial intelligence. (Reporting by David Milliken; editing by Marc Jones)