ECB says growth supports financial stability but markets remain vulnerable

Latest ECB Stability Review now published 29 Nov

• there is no generalised overvaluation in EZ fin markets
• re-pricing of global risk premia remains significant
• financial stability situation in the euro area has continued to evolve positively over the past six months.
• Euro area systemic stress indicators have remained low over the past six months
• higher rates may trigger concerns on debt servicing

Full report here (all 186 pages of it) if you're having trouble sleeping.