Recent stock gains will be there at the end of 2024, economist says

The latest stock gains will hold until the end of the year and survive a mid-year market correction, if central banks implement interest rate cuts later than investors have currently priced in, one economist says.

Gains will stay in line with recent rallies despite seasonal volatility, as markets potentially re-price to acclimate to a different rate cut trajectory from central banks, Ludovic Subran, chief economist at German financial services firm Allianz, told CNBC’s “Squawk Box Europe” on Monday.

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