Lofty valuations in stocks and geopolitical tensions have left some chief financial officers (CFOs), from some of the biggest firms in the world, wary of a sharp fall in share prices, according to a new survey conducted by CNBC.
Fifty-one CFOs from Europe and Asia - who make up the CNBC CFO Global Council - were asked what they thought the likelihood would be of a "significant" stock market correction by the end of 2014. Thirty seven percent of respondents believed that it was deemed "somewhat unlikely", while the same amount also thought it was "somewhat likely". One respondent even suggested that a correction was "highly likely" before year-end.
The results show that finance chiefs lack genuine confidence that share prices will continue to rise and the overall picture bolsters a general feeling of caution as the bull market ploughs into its sixth year.